GYD Grayd Resource Corporation

Grayd Resource Corporation (TSX VENTURE:GYD) announces that it has negotiated a
non-brokered private placement of 8,065,000 units at a price of $0.40 per unit.
Each unit will consist of one common share in the capital of Grayd and one-half
of a share purchase warrant. Each full warrant will entitle the holder thereof
to purchase one additional share of Grayd at a price of $0.60 per share for a
one year period following closing. Gross proceeds from the private placement
totaling $3,226,000 will be used by Grayd for project generation, related
exploration and for general working capital purposes.


Grayd also announces that it has amended the terms of warrants to purchase an
aggregate of 2,612,500 common shares in the capital of the Company. The exercise
price of the warrants will be reduced from $0.75 per share to $0.60 per share
and the expiration date will be extended for a one year period from March 19,
2009 to March 19, 2010. In accordance with TSX Venture Exchange policies, if for
any 10 consecutive trading days during the unexpired term of the warrant, the
closing price of the Company's shares exceeds $0.75, then a reduced exercise
period of 30 days will begin 7 calendar days after the 10th premium trading day.


These transactions are subject to regulatory acceptance.

Grayd Resource Corporation is a natural resource company engaged in the
acquisition, exploration and development of mineral resource properties in
Mexico.


The information in this news release may contain forward-looking statements.
When used in this release, words such as "estimate", "expect", "anticipate" and
"believe" as well as similar expression are intended to identify forward-looking
statements. Such statements are used to describe management's future plans,
objects, and goals for the Company and therefore involve inherent risks and
uncertainties. The reader is cautioned that actual results, performance or
achievements may be materially different from those implied or expressed in such
statements, which speak only as of the date the statements were made. The
Company does not update forward-looking statements continually as conditions
change.

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