FOR: GREYSTAR RESOURCES LTD.
TSX, AIM SYMBOL: GSL
February 8, 2010
Greystar Resources Receives C$6.1 Million From Exercise of Warrants By IFC
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2010) - Greystar Resources Ltd. (the "Company")
(TSX:GSL)(AIM:GSL) is pleased to announce that the Company has received proceeds of C$6,093,947 from
the exercise of 2,467,185 common share purchase warrants at a price of C$2.47 per share. The share
purchase warrants were associated with the Company's financing completed with IFC (International
Finance Corporation), a member of the World Bank Group, on March 20, 2009. Following the warrant
exercise, IFC's position in Greystar totals 9,046,346 shares or 10.76% of the Company's issued and
outstanding shares. To date, IFC has not sold any shares that it has purchased in Greystar. IFC
continues to hold an additional 2,467,185 common share purchase warrants exercisable at a price of
C$2.47 per share which expire on March 20, 2014. As of February 8, 2010 the Company had approximately
C$125 million in cash and no debt.
About IFC
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve
their lives. IFC fosters sustainable economic growth in developing countries by supporting private
sector development, mobilizing private capital, and providing advisory and risk mitigation services to
businesses and governments. IFC's new investments totaled $14.5 billion in fiscal 2009, helping
channel capital into developing countries during the financial crisis. For more information, visit
www.ifc.org.
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.
Geoff Chater
Vice President
(604) 614-7830
info@greystarresources.com
www.greystarresources.com
OR
Investor Relations Contact:
Renmark Financial Communications Inc
John Boidman
(514) 939-3989
jboidman@renmarkfinancial.com
OR
Renmark Financial Communications Inc
Dan Symons
(416) 644-2020
dsymons@renmarkfinancial.com
www.renmarkfinancial.com
OR
London NOMAD Contact:
NCB Stockbrokers Limited
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.