Lima, Peru, April 29, 2013 (GLOBE NEWSWIRE) -- The Graystone Company(OTCQB: GYST) announced today the Company'sjoint venture in Suriname has completed its initial bulk samplingat site #1. The Company processed approximately 150 tons. The Company yielded approximately 100 grams (or 3 ounces) ofgold. Based on the results, the Company has estimated thatthe average level of gold in Suriname is 0.67 grams per cubicmeter. Once the Company begins full production, the companyexpects to process approximately 75 tons per hour. The joint venture will be conducting bulk sampling in 4 areas todetermine the optimal location to begin its next phase ofoperations. The Company expects the bulk sampling to take8-12 weeks. During the bulk sampling phase, the Companyexpects to process only 5-10 tons per hour. The company expects to provide an additional update on itsmining operations next week. 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