Company Information for Greystar Resources Ltd

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Company Statement

Greystar Resources Ltd. is a Canadian mining company dedicated to the exploration, development and, in time, the exploitation of precious metal resources. At the present time, its main project is the Angostura gold and silver deposit in the northeastern region of Colombia.
Highlights

• An emerging Gold company with a multi - million ounce resource wholly- owned by GREYSTAR.
• Active exploration by GREYSTAR since 1995.
• The Angostura deposit has the potential to develop into a long-life, open pit gold-silver operation.
• 926 Core Holes have been drilled (301,000 metres as of Jan 2009)
• Strong cash position
• Experienced management

Current Operations

Angostura Gold-Silver Project
The Angostura Gold-Silver Project is located in the mountains of the eastern Cordillera of South America, approximately 400 km North-Northeast of the Colombian capital city Santa fé de Bogotá.

Easily accessed by good roads, the Project is 55 km from Bucaramanga (pop 1,000,000), the capital city of Santander department. Bucaramanga is serviced by frequent daily jet and turbo-prop flights from Bogotá.

The villages of California, Vetas, and Surata are all within approximately 10 km of the Project, which is serviced by local hydroelectric power. Elevations on the Project are between 3400 and 3500 meters. The average annual temperature on the property is approximately 10 degrees Celsius.
Large Gold Resource Base

• One of the largest undeveloped gold projects in the world
• 11.5 Mozof measured & indicated resources and 3.5 Mozof inferred resources
• Based on 277,000 meters drilled

Feasibility Study Underway

• Prefeasibilitystudy completed

Open Pit Operation

• Angostura Project is suitable for low-cost conventional open pit mining methods
• Construction is expected to commence in Q1 2010
• Expected to commence production in Q2 2012Feasibility

Geographical Spread

Colombia, South America

Board of Directors and Key Management

David B. Rovig, P.Eng.

President, Director

Mr. Rovig has been the President of Greystar since 1994. Prior to this, he held senior positions with Crown Butte Resources Ltd., Plexus Resources Ltd. and was a director of Kinross Gold Corp.

Frederick Felder, M.Sc., P.Geo.

Executive Vice President

Mr. Felder has more than 30 years of exploration experience and has worked for Soquem, Union Miniere, Umex and Granges Inc. He has been managing the Angostura project since early 1999.

Brian Bayley, Mba

Director

Mr. Bayley is the Chief Executive Officer and President of Quest Capital Corp.,a public merchant bank which trades on the TSX Exchange. Mr Bayley holds an MBA from Queen's University, Kingston, Ontario and is also a director and/or officer of numerous other public companies.

German del Corral, B.Sc

Director

Mr. del Corral is a mining and metallurgical engineer with over 30 years of mineral experience and is currently an international advisor for several companies. Previously, Mr. del Corral was Cuba Project Director for WMC Ltd., as well as President of BHP Billiton Ltd.'s Cerro Matoso S.A. in Colombia. Mr. del Corral was also a consultant for the World Bank from 1993-to-1995

Emil Morfett

Director

Mr. Morfett received his M.Sc. in Geology from Queens University, Canada in 1984 and worked for Rio Tinto in the U.S. and Saudi Arabia and for Goldfields of South Africa before moving back to his native London. He is currently a Mining Research Consultant.

Geoff Chater, B.Sc

Director

Mr. Geoff Chater holds a B. Sc. Degree in Geology from Texas Christian University and has over 19 years of experience in the mineral exploration field. Mr. Chater is a Principal of Namron Advisors, a corporate communications consultancy and since 1999, has held the position of Manager of Corporate Relations for First Quantum Minerals Ltd.

Company Address Suite 303 - 570 Granville Street Vancouver, British Columbia, Canada V6C 3P1 Telephone: (604) 682-8212 Facsimile: (604) 681-4692 Email: info[at]greystarresources.com Website: http://www.greystarresources.com

Capital Outstanding Shares - 46,063,798

Annual General Meeting May

Year End December 31

Nominated Brokers Ocean Equities 3 Copthall Avenue London UK EC2R 7BH

Nominated Advisors NCB Stockbrokers Ltd. 51 Moorgate London UK EC2R 6BH

Major Shareholders

CDS & Co.

44,704,367

97.05%

Related News

14/10/09 - Greystar Resources Must Now Regret That It Put Up The Shutters In The Difficult Times Last Year
02/07/09 - Greystar Moves Full Ahead To Feasibility On Angostura: Next Stop, $900 Million To Build It
12/03/09 - Greystar Resources Has A Straight Path Through To Production Thanks To The IFC
26/08/08 - Greystar Presses Go On A Bankable Feasibility Study At Angostura
11/04/08 - Political Risk Analysis: War Between Colombia And Venezuela Called Off… For Now
25/03/08 - Greystar’s David Rovig Knows The Value Of Nose-Rings And Much Else Besides

Most Recent Statement

18/09/09 - Greystar Resources Ltd. Prices Previously Announced $55 Million Preliminary Short Form Prospectus Financing at C$3.50 Per Unit
14/09/09 - Blocklisting Interim Review
01/09/09 - Greystar Resources Ltd. Files Preliminary Short Form Prospectus
25/08/09 - Greystar Hits More Gold-Bearing Oxide Mineralization at Mongora
20/07/09 - Greystar Acquires Key Surface Rights at Angostura
19/06/09 - Resignation Of Chief Financial Officer