GYST NEWS
Graystone Company Announces CEO Visited Possible Hard Rock Project

The Graystone Company (OTCQB:GYST) announced today that Paul Howarth, Graystone’s CEO, has visited a hard rock project in Peru. The Company has uploaded photos of Paul Howarth at the mine which can be seen here: Photos.

The Company is actively looking to acquire a hard rock project that can be developed while the Company begins production on its alluvial projects. The Company’s first priority is to begin mining operations on its alluvial properties by the end of 2012. The Company's second priority is to acquire a hard project in Peru.

“We are excited at the possibility of expanding our current portfolio of mining properties with a hard rock project," says Paul Howarth, CEO of The Graystone Company. “It can take 24-36 months or even longer to get a hard rock project into production. We expect that the alluvial mining operations, once in production, will pay for the development of the hard rock project. This is why we are focused on getting our alluvial mining projects into production.”

Additionally, the Company recently rejected an offer to purchase its mining claims in Peru. “We view these claims as being more valuable to the long-term growth of the Company and are looking forward to getting the claims into production and look forward to seeing the Company’s growth over the next 20–30 years,” says Paul Howarth, CEO of The Graystone Company.

The Company expects to provide shareholders with an update of its current mining operations within the next week