Lima, Peru, April 15, 2013 (GLOBE NEWSWIRE) -- The Graystone Company(OTCQB: GYST) announced today the Company'sjoint venture in Suriname has commenced initial miningoperations. The joint venture will be conducting bulksampling in 4 areas to determine the optimal location to begin itsnext phase of operations. The Company expects the bulksampling to take 8-12 weeks. The project currently has a 20 ton per hour wash plant that willconduct alluvial mining operations. Additionally, the projecthas a 5-ton per hour stone crusher and has access to an additionalthree (3) 5-ton per hour stone crushers. The Suriname Project The project, referred to Suriname #1, is approximately 3-4 hoursfrom the closest major city. The Company expects that the projectwill produce 200-400 grams per day or 4,000 - 6,000 grams per monthor $200,000 to $300,000 per month per Pod. The Company expects to expand the operations on Suriname #1 byadding a Pod each quarter. Each Pod is expected to cost about$250,000 in equipment and is expected to produce 200-400 grams perday or 4,000 - 6,000 grams per month or $200,000 to $300,000 permonth. The Company's goal is to have 4 Pods within 18 months beingable to produce 16,000 - 24,000 grams per month or approximately$1,000,000 in revenue each month. About The GraystoneCompany. The Graystone Company, Inc. is a U.S.-basedmining and exploration company focused on acquiring and developinggold and other mineral properties. The Company's strategy is tobuild value for shareholders by the identification, acquisition andexploration of early-stage properties that show significantpotential for the discovery of gold. The Company sells gold andsilver to retail buyers via www.graystonegold.com. Notice Regarding Forward-LookingStatements in this press release which are not purelyhistorical are forward-looking statements and include anystatements regarding beliefs, plans, expectations or intentionsregarding the future. Actual results could differ from thoseprojected in any forward-looking statements due to numerousfactors. These forward-looking statements are made as of the dateof this news release, and we assume no obligation to update theforward-looking statements, or to update the reasons why actualresults could differ from those projected in the forward-lookingstatements. Although we believe that any beliefs, plans,expectations and intentions contained in this press release arereasonable, there can be no assurance that any such beliefs, plans,expectations or intentions will prove to be accurate. Investorsshould consult all of the information set forth herein and shouldalso refer to the risk factors disclosure outlined in our annualreport on Form 10-K for the most recent fiscal year, our quarterlyreports on Form 10-Q and other periodic reports filed fromtime-to-time with the Securities and Exchange Commission.
CONTACT: Contacts: The Graystone Company, Inc. Paul Howarth (702) 289-4827 firstname.lastname@example.org www.graystone1.com