Greystar Reports Silver, Gold And Copper Intercepts At La Plata 

VANCOUVER, BC - Greystar Resources Ltd. reported significant silver-gold-copper mineralization has been encountered from its initial diamond drill program on the La Plata property. La Plata is located in Colombia. Highlights include: Hole PL10-01, which intercepted 12.85 metres (16.15-29.0m) grading 85.13 grams silver, 1.24 grams gold and 0.19% copper followed by 8 metres (29.0-37.0m) grading 32.59 grams silver, 5.20 grams gold and 0.64% copper; Hole PL10-04, which intercepted 18.15 metres (11.85-30.0m) grading 32.24 grams silver and 4.64 grams gold; Hole PL10-12, which intercepted 2.0 metres (322.0-324.0m) grading 1,805 grams silver, 5.09 grams gold and 0.83% copper and; Hole PL11-01, which intercepted 8.2 metres (198.8-207.0m) grading 24.22 grams silver, 1.73 grams gold and 0.41% copper.

"The first pass drill results from La Plata show the potential of the emerging multi-million ounce La Mascota gold-silver trend to the southwest," said Steve Kesler, President and Chief Executive Officer. "Our wholly owned La Plata property adds yet another dimension to our property holdings in northeastern Colombia. It is also important to note that this project is at a lower elevation than both the La Bodega/La Mascota property and the Angostura Project, and that it is not subject to development restrictions associated with Paramo legislation." The company's address is Ste 1430 - 333 Seymour Street, Vancouver, BC V6B 5A6, (604) 682-8212, fax: (604) 682-3708.