FOR: GREYSTAR RESOURCES LTD.
TSX, AIM SYMBOL: GSL
January 11, 2010
Greystar Resources Receives C$43.8 Million From Warrant Exercises
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2010) - Greystar Resources Ltd. (TSX:GSL)(AIM:GSL)
(the "Company") is pleased to announce that the Company has received proceeds of C$40,703,666 from the
exercise of 9,465,969 common share purchase warrants (the "Warrants") at C$4.30 per Warrant. These
Warrants expired on January 7, 2010. In addition, the Company also received proceeds of C$3,162,498
from the exercise of 903,571 agents warrants (the "Agents Warrants") at $3.50 each. Both the Warrants
and the Agents Warrants were issued in connection with the Company's financing completed on September
29, 2009.
As of January 7, 2010 the Company had approximately C$120 million in cash and no debt. The Company's
current issued and outstanding share capital is 81,593,840 common shares.
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.
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