Gryphon Gold Road to Production 

VANCOUVER, BC - Gryphon Gold Corporation reported that the Board of Directors has developed a strategy to expedite the Borealis Heap Leach Project production timeline, assuming adequate financing and regulatory approval. The focus of this strategic direction will be to finalize certain critical data pertaining to the Freedom Flats Re-Leach and secure the financing for a scaled down version of the start-up of mining operation. The scaled down version is based on staging the capital requirements set out in the September 17, 2009 Pre-Feasibility Study which forms part of the technical report described below ("NI 43-101 Pre-Feasibility Study of the Mineral Resources of the Borealis Gold Project Located in Mineral County, Nevada). This direction would result in a scaled down production model that is projected to produce positive cash flow in a timeframe of three to four months after breaking ground.

Gryphon Gold Corporation has posted a presentation titled "The Road to Production" on its website. Management believes the "Road to Production" presentation outlines a viable straightforward low capital approach to using existing mined resources to produce cash flow and using that cash flow to finance the requirements to reach the full projected production goal of 50,000 oz./year Au as defined in the September 2009 43-101 Pre-Feasibility. The "Road to Production" presents a plan that outlines management's strategic objectives and the path forward including timelines. The above referenced critical data is scheduled to be confirmed by late December 2010 which should allow for ground breaking in early 2011 and subsequent start of production in the 2nd quarter of 2011 with the specific dates dependent on completion of financing and the end of the winter hard freeze. Capital requirements to be secured for the completion of Phase 1 are projected to be in the range of $7 - $8 million. "I am very pleased with our Board of Directors vote of confidence in management's plan to move the Borealis Oxide Heap Leach forward to production. The preliminary steps to production are expected to be handled in short order allowing us to seek the required financing for Phase 1 construction. This strategic direction should provide the opportunity to bring the Borealis to its full potential," stated John Key, Gryphon Gold CEO. The "Road to Production" is based on upon a quick start to this permitted (all major permits are in place) resource by utilizing already mined materials and generating cash flow in a 4 month period from ground-breaking. The Phase 1 concept is to recover material that was partially leached and recover gold at a very low operating cost. The reserve of partially leached material will provide leach pad feed for nearly 7 months, yielding gold recovery and cash flow to advance the project into in-situ production. Gold recovery for the first 12 months will be gold to carbon with the gold recovery from the carbon being done on a toll basis. In an eight month period two critical steps are expected to be taken: 1) construction of the A.D.R. plant will commence, and 2) in-situ ore will begin to be mined from the East Ridge pit subject to obtaining the required financing for Phase 1. Completion of the A.D.R. six months later will be the final mark to accomplishing the critical elements of the September 17, 2009 NI 43-101 Pre-Feasibility Study allowing for the achievement of the 50,000 ounces gold/year production benchmark. The company's address is Suite 711, 675 West Hastings Street,Vancouver, BC V6B 1N2, 888.261.2229, fax: 604.608.3262.