Greystar Resources Appoints Evolution Securities as Nominated Advisor

TIDMGSL

Greystar Resources Appoints Evolution Securities as Nominated Advisor
FOR: GREYSTAR RESOURCES LTD.

TSX, AIM SYMBOL: GSL

April 1, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2011) - Greystar Resources Ltd. (TSX:GSL)(AIM:GSL) (the
"Company") ("Greystar") announces today that it has appointed Evolution Securities as its Nominated Advisor
with immediate effect.

Evolution Securities Limited is a leading investment bank focused on serving its international institutional
and UK corporate client base. It provides a range of investment banking services and isauthorized and regulated
by the Financial Services Authority.

About Greystar Resources Ltd.

Greystar Resources Ltd. is a precious metals exploration and development company currently working on an
alternative way to develop its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern
Colombia. Greystar is committed to developing the project but recognizes that there is a need to reconfigure
it. Consequently, we intend to continue with studies into the feasibility of an alternative project at
Angostura whilst the uncertainty surrounding the definition of Paramo and the exclusion of mining from Paramo
affects the permitting of our open pit/heap leach project.

Forward-Looking Statements

Certain statements in this news release are "forward-looking" within the meaning of Canadian securities
legislation. They include statements about the mineable resources, production rates, production and capital
costs and the NPV and IRR associated with an underground operation at Angostura, the ability of the Company to
develop an open pit mine at the Angostura Project, 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Greystar Resources Ltd.
Victoria Vargas
Vice President Investor Relations & Corporate Communications
+1 (416) 572 2139 or +1 (289) 242 3599
ir@greystarresources.com
www.greystarresources.com

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

4C Communications
Carina Corbett
Investor Relations Contacts
+44 (0)20 3170 7973
corbett@4ccommunications.com

Evolution Securities
Romil Patel / Andrew Dacey
London NOMAD Contacts
+44 207 0714300

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)
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