“The Carlin Trend is the second richest gold district in the world, next only to Witwatersrand South Africa. Our Pony Creek/Elliot Dome Property represents the largest consolidated parcel on the Carlin Trend not already owned by a major resource company. We already have three strong target areas in early to mid-stage development, and several proximal areas in initial development,” says Sarjeant.
       Grandview’s 28-square mile property lies between two developed districts of Nevada’s Carlin Trend – the 4.5 million ounce Rain District and the five million ounce Bald Mountain District. The entire Carlin Trend hosts more than 100 million ounces of gold and has produced approximately 75 million ounces worth about $54 billion at today’s prices.
Grandview’s 2007 Pony Creek exploration program includes about 20,000 feet of reverse circulation drilling, beginning with Pony Creek West and including the newly defined Red Rock target and the Pony Creek South inferred resource area.
       The Red Rock target has been identified as a possible Rain-type high-grade gold occurrence at a target depth of approximately 1,200-1,800 feet. The Red Rock target area is situated at the southern tip of the Pony Creek/Elliott Dome Property, about 15 miles northwest of Barrick Gold’s 4.5 million ounce, Bald Mountain Mine.
       Pony Creek South hosts the primary mineralized area. Drilling will trace mineralization down structure to the base of the intrusive contacts where the highest grade mineralization has historically been found.
       Previous operators at the Pony Creek North and South target areas developed a drill inferred resource of 1.426 million ounces of gold. Grandview will pursue additional mineralization within the resource area, test the base of the intrusive and pursue a deeper Rain-type deposit. Initial assay results from drilling within the inferred resource area this 2007 season are significant, and further assays are pending. Full results are posted at the Company’s website (www.grandviewgold.com).
       “The inferred resource represents a tremendous opportunity. With neighbors like Goldstrike, Meikle, Rain and Bald Mountain, we are certainly in the right part of the world to explore,” says Sarjeant.

       Since the mid-1960s, the Red Lake Mining District has produced over 30 million ounces of gold worth over $22 billion at today’s prices. Incredibly, the district’s most prolific discovery was made just ten years ago when Goldcorp applied advanced science, contemporary perspective, and an aggressive exploration program at the former Arthur White Mine site and surrounding area. As a result, Goldcorp made one of the highest grade, vein-type gold discoveries in the world, averaging 9.08 ounces of gold over 7.5 feet.
       The Red Lake Gold District continues to attract explorers - nearly 60 juniors over the past five years. Grandview Gold could be considered a dominant junior with three potentially significant, well-sited projects in the District:
       • Dixie Lake Project: 1,664 hectares located on the southern border of the Goldcorp/Premier Gold Mines Rahill-Bonanza joint venture property, and just 16 miles south of the famed Red Lake Mine, one of the richest, lowest cost mines in the world – producing 600,000 ounces annually, and 11 million ounces of gold to date.
       Grandview holds an option from Fronteer Development Group to earn 51% interest in the mid-stage exploration project. The Dixie Lake Property is one of the most attractive undeveloped resource areas in the Red Lake Belt. In 1990, former operator Teck Corporation (now Teck Cominco) calculated a tonnage for the 88-4 zone of 1.1 million tons grading 0.10 ounces gold per ton. This historical, non-43-101 compliant inferred gold resource included high grade intercepts up to 15.60 g/t gold (0.5 opt) over 2.83 metres (9.3 feet) at depths of less than 50 metres. Subsequent work completed by Grandview produced intercepts of 4.0 g/t gold over 7.0 metres and 8.06 g/t gold over 1.8 metres.
       Significant results from Grandview’s 2006 campaign include grades of 5.45 g/t Au over 1.5 metres and 2.1 g/t Au over 4.0 metres. Exploration in 2005 confirmed previous drilling intersections in the 88-04 zone: 5.9 g/t Au over 4.5 metres, and 3.5 g/t over 5.2 metres.
       Grandview recently extended its 2007 Dixie Lake drilling program when it discovered a new mineralized zone that includes three quartz veins with visible gold and a 2.86 metre interval grading 22.90 g/tonne.
       “As soon as project geologists identified the strong alteration zone at DC-10-07, the hole was extended and the gold rich veins were intersected. This was an excellent pickup by our field geologists to identify the right alteration zone,” says Sarjeant. Subsequent drilling revealed significant visible gold and several high-grade gold intervals, and confirmed discovery of the new NS Zone plus the extension of four existing zones on the Property.
       • Sanshaw-Bonanza Property: lies within a group of significant past and current producers in the Red Lake camp, including Goldcorp’s Red Lake Mine, and the past producing Cochenour, Howey Bay and Madsen mines. Grandview holds an option to earn 60% interest in the 10 claim and two patent property, approximately five kilometres southwest of Goldcorp’s Red Lake Mine, and on the western strike extension of the Goldcorp/Premier Gold Mines Rahill-Bonanza joint venture property.
       Grandview Gold is currently compiling previous exploration data to obtain precise data on mineralization, ore geometry, and overall geology. A historic estimated resource of 300,000 tons grading 0.08 oz/t was reported by Noramco in 1988 and was based on 122 drill holes totaling more than 11,000 metres. Grandview plans to follow-up with a winter diamond drilling program to test several promising targets.
       • Loisan Property: 60 hectares in close proximity to Goldcorp’s Red Lake Mine. Grandview holds a 100% interest in eight mining claims.
       Grandview also holds three properties of interest in Manitoba’s emerging Rice Lake District, just across the border from Ontario’s Red Lake District. The district shares Red Lake’s greenstone geology but, in contrast, has remained virtually unexplored. The company holds a 100% interest in 11 mining claims, known as the Bissett Project, covering approximately 234 hectares close to the producing Rice Lake Mine (formerly Bissett Mine or San Antonio Mine). San Gold’s Rice Lake Mine contains a total measured plus indicated resource of 964,100 tons grading 0.29 oz/t. Inferred resources total 1,879,500 tons grading 0.29 oz/t. Other Rice Lake District properties include the 142 hectare Angelina and the 2,824 hectare Banksian. Grandview Gold’s Rice Lake exploration program is currently in development.

       Grandview Gold is well financed, recently announcing a $3,435,600 financing that will be used largely to fund drilling and exploration on the Pony Creek/Elliott Dome property in Nevada, and the Red Lake and Rice Lake projects in Canada. The company is considering exploration opportunities in the Timmins Mining Camp in northern Ontario.
       Grandview Gold has numerous high-grade gold properties located in low political risk, major gold camps in North America. The company maintains strong institutional and retail investor participation, and has seasoned management and uniquely qualified field intelligence. And, if the company’s aggressive exploration efforts follow in the footsteps of gold camp neighbors like Barrick, Newmont and Goldcorp, Grandview Gold could well become a prime take-over or joint venture candidate.
       Grandview’s share price increased sharply on news of significant drilling results at Red Lake and on the Carlin Trend.