GYD Grayd Resource Corporation

TORONTO, Oct. 19, 2011 /CNW/ - Grayd Resource Corporation  ("Grayd") (OTCQX:GYDRF) acknowledges that Agnico-Eagle Mines Limited ("Agnico") has issued a press release disclosing certain developments concerning Agnico's Goldex Mine. The Board and management of Grayd are currently reviewing and evaluating the contents of the news release with Grayd's legal and financial advisors. Once the Board and management have concluded their review, they will communicate further with shareholders. About Grayd Grayd is a growth-oriented junior natural resource company focused primarily on exploring and developing a large land position in Mexico which is highly prospective for gold and silver mineralization.  Grayd Resource Corporation CONTACT: Marc A. Prefontaine - President and CEO(604-681-7446) or www.grayd.com

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