LIMA, Peru--(BUSINESS WIRE)--The Graystone Company (OTCBB:??GYST), announced today its results from the Company's recently completed preliminary study at the Company's mining project Gorilla in Peru. The preliminary study is designed to expand and update the Company's inferred gold resources and to begin mapping the mineralization of the gold on the property.

The results of the mapping will assist in identifying high priority mining targets once the Company begins limited production (or bulk sampling), planned for the late fall of 2012.

The Company's Managing Director, Paul Howarth, will be in Peru for the month of February to retain an additional geologist in Peru who will assist in the mineralization map. The Company expects the mineralization map to take at least 7-12 months to complete. During this time, the Company is also beginning the construction on a new mining camp on Gorilla to prepare for additional operations to commence once the mineralization map has been completed.

A summary of the results of the prefeasibility study are as follows:

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.

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