Lima, Peru, June 5, 2013 (GLOBE NEWSWIRE) -- Lima, Peru, June 5, 2013 -- The Graystone Company(OTCQB: GYST) announced today that the Companydoubled its gold production in the month of May. The Companyproduced approximately 240-300 grams of gold in the month ofMay. The Company also provided an update on its joint venture inSuriname. The Company's CEO returned from Suriname on May 31,2013. The CEO spent approximately a month in Surinamereviewing the joint venture's operations. During the testing in Suriname, the Company has determined thatthe joint venture may have located a gold vein in the area that itis operating. The Company has had a geologist on site for thepast week to test the area and to assist in preparing geologicalreports on the find. The presence of the gold vein indicates that the project willnot facilitate the alluvial mining project the Company had expectedbut a larger hard rock project instead. As such, the Companyexpects to need to raise an additional $500,000 to $750,000 topurchase the necessary equipment for the hard project and prepare a43-101. The Company has prepared a Preferred Stock offering to raise thefunds for the project and expects to file the registrationstatement with the SEC within the next 2 weeks. 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