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Corporate Overview

Grenville Gold Corporation (TSX.V: GVG), (OTCBB: GVLGF), Frankfurt: F9I (WKN: A0KELU) is an up-and-coming, yet undervalued Canadian mining junior that is developing advanced-stage precious and base metals projects in Latin America with a near-term focus on low-cost production in mineral-rich Peru.

Having mostly underperformed in recent years, Grenville was reorganized in 2006 and infused with dynamic new management, which was assigned with assembling a compelling portfolio new projects, in Latin America.

Grenville's flagship project involves four past-producing silver mines (with co-existing gold, copper, zinc and lead mineralization) that span an expansive 3,959-hectare land package known as the Silveria Property in the historically mineral-rich San Mateo Mining District near Peru's capital, Lima.

Of special significance, the wholly-owned Silveria Property includes two of the highest grade silver producers that Peru has ever seen, albeit with modest production histories. Known as the Pacococha and Millotingo mines, these largely under-developed ore bodies have historically yielded around 498 grams per tonne (g/t) of silver over a 30-year period. This translates into 14.5 ounces per short ton. An impressive number, to say the least.

By revitalizing a well-established and richly mineralized mining camp with infrastructure already in place, Grenville is on the fast-track to near-term production. Especially since there is an abundance of ore grade polymetallic waste material stockpiled at surface due to past production inefficiencies. All of which is ready for processing at any one of several nearby mills.

At the same time, the fact that there has never been any meaningful exploration throughout the property presents plenty of "blue sky" opportunity to exponentially develop its under-developed resource base.

High-grade silver is not the only prize within Grenville's reach. The Company also intends to mine valuable co-existing base metals, with a particular emphasis on extracting high-grade copper. The presence of relatively modest quantities of ore-grade gold also helps to sweeten the overall economics in favour of profitably breathing new life into a mining camp that has languished for over 15 years.

This strategic acquisition represents the quintessence of Grenville's new business model: Step One involves scouring the length and breadth of Latin America for advanced-stage, yet poorly developed high-grade precious and base metals mining properties. Step Two entails the application of sophisticated North American exploration technology and mining acumen to maximize their previously unrealized potential.

The San Mateo Mining District constitutes a great starting point for the implementation of this high-octane growth strategy. The true potential of the Silveria Project remains a mystery, but with 39 million ounces of historical production, a neighbour (Goldhawk Resources) operating a commercial mine and a mining address that boasts mills operated by Glencore, Pan American Silver, Peruvian company Vulcan and a corporate buyout by Chinese interests of Peru Copper, there is much anticipation over the first serious exploration program which is soon to be launched by Joint Venture partner Journey Resources. Silver was initially targeted at relatively shallow depths based on the extensive networks of epithermal veins.

Again, untold quantities of co-existing copper, zinc and lead resources, with some smaller gold credits, promise to reinforce this project's potential to become a real 'company maker."