Gryphon Gold Provides Production Update for April 2012

CARSON CITY, NV - Gryphon Gold Corporation reported that the company poured and shipped 3,122 ounces of dore in the month of April. Based on preliminary assays, the dore is estimated to be comprised of 44% gold and 52% silver. The April production is in addition to the original test pour of two dore bars in March.

James T. O'Neil Jr., CEO, said, "We have made progress over the last three months moving beyond our start-up production challenges to producing 3,122 ounces of dore in April. At this level, we estimate that we will be able to cover our fixed costs and generate sufficient cash to begin to strengthen our balance sheet, increase our assets and invest in expanded production capacity. Our heap leach processes are flowing well and we expect final work on the structure for the Adsorption Desorption Recovery ("ADR") building to be completed in May. Importantly, we can begin to look forward. We are commencing a drill program to define our next steps in efforts to expand our existing resources. We also have plans to expand our production capacity." Gryphon Gold expects to achieve an annual production rate of 25,000-30,000 ounces of gold with its expanded facilities in 2012.

Gryphon Gold currently has $4.0 million in the treasury. Gryphon Gold plans to invest in capacity expansion through additional crushing capabilities, doubling the size of the existing leach pad and refinement of its production processes.