Grenville Gold Corporation ("Grenville" or "the Company"), (TSX VENTURE:GVG)
(PINK SHEETS:GVLGF) (FRANKFURT:F9I) (WKN:A0KELU) announces it is proposing to
raise up to $ 250,000 by the issuance of up to 2,500,000 units of Grenville
priced at $0.05 per Unit. Each Unit will consist of one common share of
Grenville and one full share purchase warrant exercisable at a price of $0.10
for a period of two years from the date of issue.


All securities issued under the Offering will be subject to a four-month hold
period from the date of issue. Grenville may pay a finders' fee consisting of
cash/securities of the issuer, or a combination thereof in connection with the
offering up to 10%. The proceeds of the proposed offering will used for general
working capital. This transaction is subject to final documentation and approval
of the TSX Venture Exchange.


About Grenville Gold Corporation (www.grenvillegoldcorp.com)

Grenville's Silveria Silver-Zinc-Lead Copper Project covers a total of 6,188
Hectares and is located approximately 80 kilometers east of Lima, Peru near the
town of San Mateo and 30 kilometers south-west of Peru Copper's Toromocho
property and Pan American Silver's Morococha Mine. The Silveria claims encompass
the high grade, past producing Pacococha, Millotingo, Silveria.


The 7,129 Hectare Espanola Copper-Gold Project is 100 kilometres southeast of
Lima and hosts two high grade past producing mine and numerous underground
workings. Results are consistent with the former producing Raul/Condestable
Mines, located 15 kilometers west of Espanola.


On behalf of the Board of Directors,

A. Paul Gill, President & Director

We Seek Safe Harbor.

All statements, other than statements of historical fact, included herein are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the Company's
documents filed from time to time with the TSX Venture Exchange, the British
Columbia Securities Commission, the Ontario Securities Commission, and the
Alberta Securities Commission.


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