Hole PC-07-18 was located approximately 150 m (500 ft) northwest of the PC-20 area and was designed to intercept another structural zone within the Pony Creek rhyolite. The holes intercepted a wide envelope of gold values that defined the structure within the intrusive unit but did not intercept the sediment unit in proximity to the structure. PC-07-18 and PC-07-21’s step-out locations and target depths were calculated by Grandview geologists by incorporating geological data with assays from all Pony Creek holes drilled this season, PC-06-06 drilled by the Company in 2006, PC-05-02 drilled by the Company in 2005 and historic PC-20 drilled by Newmont in 1981. Significant assays from earlier in the 2007 program, plus those from PC-06-06 and PC-05-02 are included for chronological reference in Table 2 above. See the Company’s news releases dated September 26, October 10 and November 1, 2007 for details of the 2007 Nevada drilling program. For details of PC-06-06 and PC-05-02, see Grandview news releases dated December 20, 2006 and February 1, 2006 respectively. For details of PC-20 see the Report on www.sedar.com. A 1.426 million ounce drill inferred resource at Pony Creek South and North was identified on the property by the previous operators. The National Instrument 43-101 report (the “Report”) dated March 18, 2004 titled “Evaluation of the Gold Resource on the Pony Creek Property”, was prepared by Rick H. Russell, MSc, a licensed geologist and can be reviewed at www.sedar.com. Grandview Chairman, Dr. Michael Hitch, M.Sc, Ph.D, P.Geo concludes, “It is significant that the Company announces a successful close to its 2007 program in Nevada almost one year to the day that it announced the appointment of Paul Sarjeant to the office of President and CEO of the Company. I believe I speak on behalf of the entire board of directors when I propose that that decision was of strategic benefit to the Company and to its shareholders.” The drilling program was carried out under the supervision of Paul Sarjeant, B.Sc, P.Geo, President and CEO of Grandview, who is a "qualified person" as defined by NI 43-101. The information in this release was reviewed by and prepared under the direction of Paul Sarjeant. All samples were prepared and analyzed by ALS Chemex, with sample preparation in Elko and analysis in Vancouver. About the Carlin Trend The Carlin Trend is the second richest gold district in the world, second only to Witwatersrand South Africa. Carlin Trend mines have produced more than 75 million ounces of gold to date, worth over USD$58 billion at today's prices. More than 100 million ounces gold of proven and probable reserves worth over USD$78 billion remain in the ground. A detailed Regional Activity map of the Carlin Trend, including historic production and probable reserves, can be found on the Company website at http://www.grandviewgold.com/Gold_Properties/Carlin_Trend/ About Pony Creek/Elliot Dome Under the terms of an option agreement with Mill City Gold Corp, the Company has earned an 80% interest in the Property. The Pony Creek/Elliott Dome Property represents the largest consolidated land position on the Carlin Trend not already owned by a major resource company. The Property is situated at the south end of the Carlin Trend between Barrick Gold Corporation’s 4.5 million ounce (USD$3.5 billion) Bald Mountain Mine and Newmont’s 5 million ounce (USD$3.9 billion) Rain/Emigrant Springs. | 