GYD Grayd Resource Corporation

Grayd Resource Corporation (TSX VENTURE:GYD) ("Grayd" or the "Company") is
pleased to announce that it has retained Canaccord Capital Corporation
("Canaccord" or the "Agent") to act as agent on a commercially reasonable
efforts basis, in connection with the offering for sale by way of TSX Venture
Exchange Short Form Offering Document up to 5,000,000 units (the "Units") at a
price of $0.40 per Unit for gross proceeds up to $2,000,000 (the "Short Form
Offering"). Each Unit will consist of one common share of the Company (a "Common
Share") and one-half of one non-transferrable common share purchase warrant (a
"Warrant"). Each whole Warrant will entitle the holder to subscribe for one
additional common share at a price of $0.50 for a period of 18 months from the
date of closing.


In addition to the Short Form Offering, the Company has negotiated a
commercially reasonable efforts private placement with Canaccord for up to
2,500,000 Units having the same terms as the above for gross proceeds of up to
$1,000,000 (the "Private Placement Offering"). The Company has also granted the
Agent an over allotment option to solicit additional Units, subject to
confirmation by the Company, to raise additional gross proceeds of up to
$500,000, exercisable at any time up to forty-eight hours prior to closing.


On closing of the Short Form Offering and Private Placement Offering (the
"Offerings"), the Company will pay the Agent a commission equal to 7% of the
gross proceeds of the Units sold payable in cash and/or Units at the election of
the Agent and will issue the Agent non-transferable warrants (the "Agent's
Warrants") equal to 7% of the Units sold. Each Agent's Warrant will entitle the
holder thereof to purchase one Common Share at a price of $0.50 per Common Share
for a period of 18 months from the closing. The Company will also reimburse the
Agent for reasonable fees and expenses incurred in connection with the Offerings
and pay a corporate finance fee consisting of 50,000 units.


The funds raised from the issuance of the Units shall be used to fund on-going
work programs on the Company's La India Project in Mexico, potential acquisition
of new properties and for general working capital purposes.


Closing of the Short Form Offering and the Private Placement Offering is
anticipated to occur on or before November 5, 2009 and is subject to the receipt
of applicable regulatory approvals including approval of the TSX Venture
Exchange.


ABOUT GRAYD RESOURCE

Grayd Resource is a growth-oriented junior natural resource company focused
primarily on exploring and developing a large land position in Mexico which is
highly prospective for gold and silver mineralization. The Company's Officers
and Directors are experienced in all aspects of mineral exploration, development
and production and have been involved with several successful mining projects
during the past 20 years.


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. Other than
as required by applicable securities law, the Company does not update
forward-looking statements continually as conditions change.

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