Wednesday, August 15, 2012

GYST Tacks On Another 48%

The Graystone Company Provides Corporate Update

LIMA, Peru, Aug 14, 2012 (BUSINESS WIRE) -- The Graystone Company (OTCQB: GYST), provided today a Corporate Update.
The Company has received a number of questions regarding the short and long term expectations of Graystone. As such, the Company's management has decided to issue this press release to answer some of the questions.
The Company acquired its initial mining property, Gorila, in May 2011 from a private party and conducted its initial bulk sampling tests on the property in June 2011. Since then the Company has recently completed the construction of a mining camp on the property to provide housing and other facilities for up to 20 workers. The Company has also been conducting geological sampling and testing as well.
The Company has also contracted and been approved with the refinery in the United States that will process its raw gold from Peru. The Company expects to export its raw gold from Peru to the United States to be refined and sold. The raw gold will be transported by employees of the Company. The Company shall receive between 97%-98.5% of the spot price of gold depending on the amount of gold the Company refines.
The management of the Company anticipates that the revenue growth will be similar in nature to that of Santa Fe Gold Corp. For example, Santa Fe Gold's revenue per year is as follows:
2008: $0 2009: $72,624 2010: $320,145 2011: $6,440,897 and 2012: $8,144,512 for the 9 months in 2012.
The Company acquired its initial mining property only 15 months ago and is expecting significant progress towards production in the 4th quarter of 2012. The Company is expecting to announce news regarding its mining operations within the next 2 weeks.
"We are excited that we have been able to contract with a refinery in the United States to process and sell our raw gold," says Paul Howarth, CEO of The Graystone Company. "We feel this provides the Company with a strong foundation to build upon. We expect that we will make significant progress on Gorila by the end of the year."
About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold. The Company sells gold and silver to retail buyers via
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our filings with the Securities and Exchange Commission.
SOURCE: The Graystone Company, Inc.

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