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Greystar Resources Confirms Hearing Date for Angostura Project Environmental Impact Study

Greystar Resources Ltd. (TSX:GSL) (AIM:GSL) announces that the Ministry of Environment, Housing and Territorial Development has officially confirmed the date for the Public Hearing to consider the Company's Angostura Project Environmental Impact Study.

The hearing will be held on November 21st, 2010 in California, Santander the town closest to the project site, at 9:00 am local time.

As part of the process established by the MAVDT, Greystar will conduct two prior informational hearings in the department of Santander. The first meeting will take place in California, Santander on November, 3rd, and the second one will be held in Vetas on November 4th, 2010.

Steve Kesler, President and CEO of Greystar Resources commented, "We are pleased that a process leading to a final decision on the environmental permit for Angostura is advancing. I look forward to heading our management team in Colombia through this process and demonstrating our project has tremendous socio-economic benefits, utilizes industry best practices in environmental management and brings substance to the Government strategy to develop the mining sector in a sustainable manner as an engine of economic growth and job creation."

Greystar follows a policy of complete transparency and frankness. We are committed to establishing a biodiversity offset program that ensures no net loss of biodiversity. We will utilize leading technology to minimize water use and ensure no impact on water supply or quality to downstream users in addition to being signatories to the International Cyanide Management Code. Citizen participation has been invited in the environmental monitoring of our operation.

Source: Greystar Resources Ltd.

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