VANCOUVER, BRITISH COLUMBIA--(Marketwire - September 7, 2010) - Greystar Resources Ltd. (the "Company") (TSX: GSL)(AIM: GSL), an exploration and development gold mining company working in Colombia, is pleased to announce the appointment of Victoria Vargas to the position of Vice President Investor Relations and Corporate Communications. In this role, Ms. Vargas will be the primary liaison between Greystar and its investors, analysts and the financial community globally.
Ms. Vargas has over 16 years of experience in the mining industry and brings a wealth of experience in investor relations and stakeholder communications to Greystar. She holds an honors B.Sc in Economics with an MBA in Finance.
Prior to joining Greystar Resources she has held senior roles with a variety of publically traded mining sector companies. These include serving as Vice President of Investor Relations with Romarco Minerals Inc. and VP Investor Relations and Corporate Communications for Iberian Minerals. Previously, Victoria worked for almost 5 years at Alamos Gold Inc. and held a variety of financial and corporate development positions at Kinross from 1994 until 1999.
"Victoria is a seasoned investor relations leader who has a deep understanding of the investment community," said Greystar President and Chief Executive Officer, Steve Kesler. "She has been involved in a number of industry-leading transactions and has held senior communications roles with industry advocacy associations and advisory boards with Peruvian, Mexican and Canadian mining industry organizations that will help in the future growth of Greystar. We are extremely pleased that Victoria has decided to join us. She will be based in Toronto."
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.
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.