FOR: GREYSTAR RESOURCES LTD.
TSX, AIM SYMBOL: GSL
January 5, 2010
Greystar Resources Warrants to Expire January 7, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 5, 2010) - Greystar Resources Ltd. (the "Company")
(TSX:GSL)(AIM:GSL) reminds shareholders that pursuant to its press release of December 8, 2009, it elected to
accelerate the expiry of 9,035,714 warrants ("Warrants") to purchase common shares ("Common Shares") of the
Company issued on September 29, 2009 as part of a public offering of units of the Company. Each Warrant
entitles the holder to purchase one Common Share at a price of C$4.30 per share. The Warrants will now expire
on January 7, 2010. If all of the Warrants are exercised, the Company will receive gross proceeds of
approximately C$38,853,000. The net proceeds of the Warrant exercises will be used to advance the Company's
Angostura Gold-Silver Project and for working capital purposes.
Warrant holders may exercise their rights to acquire Common Shares by duly completing and executing a Warrant
Certificate representing their Warrants before 5:00 p.m. (Vancouver time) on January 7, 2010 and surrendering
the Warrant Certificate to Computershare Trust Company of Canada (the "Warrant Agent") together with a
certified cheque, money order or bank draft in lawful money of Canada payable to or to the order of the Company
at par at the principal office of the Warrant Agent in the City of Vancouver for the aggregate exercise price
for the Common Shares subscribed for.
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a
feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern
Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at
Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.
Forward-Looking Statements
Certain statements in this news release are "forward-looking" within the meaning of Canadian securities
legislation. They include statements regarding the intended use of proceeds of the Warrant exercises. Forward-
looking statements are necessarily based upon a number of estimates and assumptions that, while considered
reasonable by the Company, are inherently subject to significant business, economic, competitive, political and
social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ
materially from those expressed or implied in the forward-looking statements. These factors include, among
others, conclusions or realization of mineral resources, the actual results of exploration activities, possible
variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to
additional funding requirements, political and foreign risks, production risks, environmental regulation and
liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the
Company's final short form prospectus dated September 22, 2009 which is available on SEDAR at www.sedar.com.
Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty
therein.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Greystar Resources Ltd. - Contact in North America
Mr. Geoff Chater
VP
(604) 614-7830
www.greystarresources.com
OR
NCB Stockbrokers Limited - Contact in London
Christopher Caldwell
+44 (0) 20 7071 5200
Christopher.Caldwell@ncb.ie
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither
accepts responsibility for the adequacy or accuracy of this news release.
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Greystar Resources Ltd.