SOURCE: Price Target Media

October 25, 2010 19:47 ET

Price Target Media to Provide Investor Relations Services to Gryphon Gold

CARSON CITY, NV--(Marketwire - October 25, 2010) -  Gryphon Gold Corporation has retained Price Target Media, Inc. for a six-month period to provide investor relations services.

Under the terms of the Agreement, Price Target Media, Inc. received a retainer of $100,000 in cash and 550,000 shares of common stock issued under Rule 144, which are to be issued 150,000 shares within ten days of the Effective Date (October 21, 2010), 100,000 shares thirty days following the Effective Date and 200,000 shares sixty days following the Effective Date.

In addition, Gryphon Gold has extended a 24-month Option to purchase an additional 550,000 shares of the Company's restricted (Rule 144) common stock, subject to TSX approval, beginning six months from the Effective Date.

Gryphon Gold shall also pay to Price Target Media, Inc. a cash sum of $5,000 per month for the remaining five-month period.

Gryphon Gold announced the Investor Relations Agreement October 22, 2010.

About Price Target Media:

Price Target Media, Inc. is a full-service investor relations firm located in Nevada.

About Gryphon Gold:

Gryphon Gold is a Nevada-focused gold exploration and development company. Its principal gold resource, the 1.4 million ounce (measured and indicated) and 1.1 million ounce (inferred) Borealis deposit, is located in the Walker Lane gold belt of western Nevada.

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