VANCOUVER, British Columbia, July 17, 2007 (PRIME NEWSWIRE) -- Grenville Gold Corporation ("Grenville" or "the Company") (OTCBB:GVLGF) (TSX-V:GVG) (Frankfurt:F9I) (WKN:A0KELU) is pleased to announce that its subsidiary Inversiones Mineras Alexander S.A.C. has purchased 3,393 Ha from the Communidad De Viso (Community of Viso). A map of the new acquisition is available on the website, www.grenvillegoldcorp.com.
The land encompasses the Pacococha, Millotingo, Silveria and Germaina Mines in the District of San Mateo de Huanchor, Province of Huarochiri, Department of Lima. The purchase of this land covers the surface of Grenville's mineral titles in the area and other neighboring mineral properties. Pursuant to the agreement, Grenville will allow the community members to access farmland, use water from ponds and streams, give preference to the community when hiring for mine staff, and return the land to the community of Viso after mining operations are concluded.
"Grenville has created a partnership with the community surrounding the Silveria Project and we plan to be good neighbours," stated A. Paul Gill, President & CEO of Grenville Gold Corp. "We are fully committed to creating wealth in the region that will benefit all of our partners and shareholders."
The Property is bordered to the north and west by property owned by the Community of Viso, to the south by the Community of Checa which is located in the District of San Damian and to the east with land owned by the Community of San Antonio. Ownership of the land and surface rights is a key ingredient to the development of the Silveria Property.
Grenville will announce further developments as information becomes available.
About Grenville Gold Corporation
Grenville Gold www.grenvillegoldcorp.com is a junior resource company seeking prospective properties in Peru and Ecuador. The company has three subsidiaries: 90% owned Inversiones Mineras Alexander S.A.C. in Peru which owns the Silveria Property, Espanola Property and the Chorobal Property, Minera MineGreville S.A. in Ecuador which owns 100% of the approximately 56,250 Ha Rio de Oro Project and has an option to acquire the La Tigrera Project, and Parkman Diamond Corp. in Ontario, Canada which owns the Parkman Diamond Prospect. Grenville Gold plans to leverage the experience of its Board and Management in exploration and mining to develop its growth strategy in North and South America.
On behalf of the Board of Directors,
"A. Paul Gill" President & CEO Ph. 604-669-8842 info@grenvillegold.com
We Seek Safe Harbour
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.