Grenville Announces Option Grants

Grenville Strategic Royalty Corp. (TSX VENTURE:GRC) ("Grenville") today
announced that it has granted options to acquire an aggregate of 400,000 common
shares of Grenville to two directors of the company. All of the options are
exercisable at a price of CDN $0.52 per common share and vest quarterly in equal
tranches, with the first 25% of the options vesting on the grant date. The
options have a term of 5 years and are subject in all respects to the terms of
Grenville's stock option plan.


About Grenville

Grenville is a Toronto-based company that was formed to provide royalty-based
finance solutions by acquiring revenue streams generated by growing industrial
and technology businesses. Grenville has identified a large and underserviced
finance market for companies generating up to $50 million in revenue, many of
which are well managed and generating improving cash flow, but face difficult
financing hurdles from traditional debt and equity markets. The non-dilutive
royalty financing structure offered by Grenville can bridge the financing needs
of these companies until traditional debt or equity is available to them on more
attractive commercial terms. The application of Grenville's royalty financing
structure into sectors not traditionally serviced by royalty companies
represents a new and innovative financing model - Capital Simplified - that has
already attracted a considerable number of opportunities with attractive return
potential.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Grenville Strategic Royalty Corp.
William (Bill) R. Tharp
President and Chief Executive Officer
(416) 777-0383

Grenville Strategic Royalty (TSXV:GRC)
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