VANCOUVER, B.C., April 9, 2008 (PRIME NEWSWIRE) -- Grenville Gold Corporation ("Grenville" or "the Company"), (TSX-V:GVG) (Other OTC:GVLGF) (Frankfurt:F9I) (WKN:A0KELU) announces that Mr. A. Paul Gill, CEO of Grenville, is participating in a three-part interview regarding commodity prices and junior mining companies on the Opportunity Show. The interview has been posted on the Grenville website: www.grenvillegoldcorp.com
Mr. Gill comments, "While commodity prices have increased drastically, there are junior public companies trading at cash value despite resources in the ground or near-term production. In the future, this situation is bound to change as more investors become aware of the opportunity in these markets. Grenville would like to join that group of companies soon to be discovered by new investors."
Grenville's Silveria Project is currently under a joint venture with Journey Resources subject to TSX-Venture Exchange approval. Journey must fund $2.8 million in exploration and development expenditures and issue one million shares of Journey to Grenville in order to earn a 25% interest in the Silveria Property; fund an additional $3 million to earn 50% interest and pay $1 million dollars and fund an additional $6 million on the project to earn a 75% interest. Grenville has the opportunity to maintain a 50% interest by contributing the equivalent of $6 million upon notice that Journey has completed expenditures to earn its 50% interest.
Grenville intends to develop its Silveria polymetalic project, which is located in the Huarochiri province of Peru approximately 90 km northeast of the city of Lima and covers 3,959 Ha hectares of mineral concessions. The Silveria project area includes four historic mines (the Pacococha, Millotingo, Germania and Silveria mines). The project is 2-4 kms from the Corichanca Mine owned by GoldHawk Resources. The most important mines during its period of operations were the Millotingo mine, which produced lead, zinc, gold, copper and primarily silver, and the Pacococha mine, which was predominantly lead, zinc, silver and copper. Registries for Millotingo and Pacococha mines show that the production of the mines began in 1962 and 1964, respectively, and that both mines were closed in 1992 due to a combination of weak metal prices and political upheaval.
Grenville's Espanola Copper Property is located 100 km south of Lima. On May 16, 2007, Grenville reported that a total of 45 grab samples of rock were collected from various underground workings. The average of the samples was 0.19 ppm Gold and 2.51% Copper. Mineralization on surface is hosted by steeply dipping malachite-stained quartz veins averaging between 0.5 to 3 meters wide. In the underground workings sulphide mineralogy consists of bornite and chalcopyrite. Results are consistent with the former producing Raul/Condestable Mines, located 15 kilometers west of Espanola.
About The Opportunity Show
The Opportunity Show www.theopportunityshow.com with Tim McLaughlin (TOS) is a nationally syndicated daily radio program focusing on emerging small and mid-cap companies seeking retail and institutional potential investors. TOS can be heard across Southern and Central California, Boston, Phoenix, Las Vegas, Sarasota, Washington, DC, Baltimore, Annapolis, New Orleans and Atlanta.
Contact: Ellis B. Martin, Executive Producer ellis@theopportunityshow.com
About Grenville Gold Corporation
Grenville Gold www.grenvillegoldcorp.com is a junior resource company seeking prospective properties in Peru. 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. Contact info@grenvillegold.com.
On behalf of the Board of Directors,
"Mel Rokosh' Melvin Rokosh, Corporate Secretary
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.