GYST Mining very soon GOLD GOLD GOLD .019s will no

GYST Mining very soon GOLD GOLD GOLD .019s will not be on ask gap up .023s probably  Graystone Company Announces Move Toward Production With Purchase of Mining Equipment

LIMA, Peru, Aug 22, 2012 (BUSINESS WIRE) -- The Graystone Company (OTCQB: GYST) announced today it has entered into a purchase agreement to acquire mining equipment for its alluvial mining properties in Peru. The Company is acquiring the necessary mining equipment for $250,000. Graystone has retained a company in the United States to build the equipment to the necessary specifications for the projects' needs and the properties' soil and gravel composition.
The Company is expecting it will take 6-8 weeks to build the equipment and have it exported to Peru. During the 6-8 weeks to build the equipment, the Company will begin buying the supplies and smaller equipment for the mining camp and begin the hiring of the mining crew. Once the equipment is in Peru, it will take 2-3 weeks for the engineers to set up the equipment on the Company's property. Additionally, the Company will have a geologist begin mapping the property for production and retain a firm to perform the environmental impact study.

The Company is acquiring the equipment through its officers. The Company's officers have agreed to purchase the equipment in exchange for a note payable and the sale of restricted stock.

About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold. The Company sells gold and silver to retail buyers via www.graystonegold.com.

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

SOURCE: The Graystone Company, Inc.




CONTACT:         
The Graystone Company, Inc. Paul Howarth (702) 289-4827 info@graystone1.com www.graystone1.com
Copyright Business Wire 2012
-0-

KEYWORD:          Peru
South America
INDUSTRY KEYWORD: Natural Resources
Mining/Minerals
SUBJECT CODE:     Contract/Agreement