Greystar Announces Completion of Angostura Project Public Hearing

TIDMGSL

Greystar Announces Completion of Angostura Project Public Hearing
FOR: GREYSTAR RESOURCES LTD.

TSX, AIM SYMBOL: GSL

November 29, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2010) - Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL)
is pleased to announce that the Public Hearing to consider the Company's Angostura Project Environmental Impact Study
("EIS") was held on November 21st, 2010 in California, Santander, the community nearest to the project. The Public
Hearing is part of the process for obtaining the Environmental License for the Angostura Project which, as regulated by
law, allows interested parties to request such a hearing thereby providing interested stakeholders a platform to voice
their opinions.

Steve Kesler, President and CEO of Greystar commented, "We are very pleased that the Public Hearing was held in an
atmosphere of complete calm, civility and with mutual respect given to those wishing to voice opposing opinions. It was
attended by more than 1,300 people, including those that in their official condition had a right to participate and
lasted for 9 hours but the representatives of the petitioners for the Public Hearing, who are opposed to the project,
elected not to participate. The forum gave the people of Santander, and particularly the residents of the potentially
impacted communities (California, Vetas, Surata, Matanza, Berlin, and Charta), the opportunity to express their views
about the development of the Angostura project. There was strong support for the project, and the opportunities it would
bring, not just for California, but for Santander and the country as a whole. The Ministry of Environment, Housing and
Territorial Development (MAVDT) has five days from the Public Hearing to prepare the minutes of the meeting, following
which the EIS review will continue. Greystar will continue to liaise with the MAVDT on the EIS review to ensure that
they have all the information needed to take a decision on the environmental license."

Greystar follows a policy of complete transparency and frankness, and has stressed its commitment to create a lasting
and positive contribution toward sustainable development through environmental stewardship, social responsibility, and
well-being of the region. We are committed to establishing a biodiversity offset program that ensures no net loss of
biodiversity. We will utilize leading technology to minimize water use and to ensure there is no impact on water supply
or quality to downstream users. Greystar is also a signatory of the International Cyanide Management Code. Citizen
participation has been invited in the environmental monitoring of our operation.

About Greystar Resources Ltd.

Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a
feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A
positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000
ounces of gold and 2.3 million ounces of silver over a 15 year mine life.

Forward-Looking Statements

Certain statements in this news release are "forward-looking" within the meaning of Canadian securities legislation.
They include statements about the estimated annual production from the Angostura Project. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive, political and social uncertainties and other
contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or
implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral
resources, the actual results of exploration activities, possible variations in ore grade or recovery rates,
fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign
risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set
out under the heading "Risk Factors" in the Annual Information Form dated March 26, 2010 which is available on SEDAR at
www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent
uncertainty therein.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Greystar Resources Ltd.
Victoria Vargas, Vice President Investor Relations
and Corporate Communications
+1 289 242 3599
info@greystarresources.com
www.greystarresources.com

Renmark Financial Communications Inc.
John Boidman
Investor Relations Contact
+1 514 939 3989 or +1 416 644 2020
jboidman@renmarkfinancial.com
www.renmarkfinancial.com

NCB Stockbrokers Limited
Christopher Caldwell
London NOMAD Contact
+44 (0) 20 7071 5200
christopher.caldwell@ncb.ie

Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts
responsibility for the adequacy or accuracy of this news release.

Greystar Resources Ltd.

Greystar (LSE:GSL)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024