Grayd Resource Corporation TSX VENTURE: GYD

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 14, 2007) - Grayd Resource Corporation (TSX VENTURE:GYD) is pleased to provide an update on results from drilling on its 100% owned La India Gold Project, Sonora State, Mexico. The discovery area at La India is located 15 km from Alamos Gold's recently commissioned Estrella Pit at the Mulatos Mine. Reserves for the Estrella Pit are 36.7 million tonnes grading 1.64 g/t Au (reserve number from Alamos Gold Inc. website).

Highlights include the intersection of near-surface mineralization in the Viruela zone (RC07-98, 42.7 m grading 1.5 g/t Au and RC07-99, 67.1 m grading 1.1 g/t Au). These intersections open up a large prospective area for near-surface, bulk tonnage gold mineralization. Holes 98 and 99 are located 250 m south of any previously reported gold mineralization intersected by drilling in Viruela and 230 m northwest of the La Cruz Zone. Drilling also continues to intersect gold mineralization in the La Cruz zone, (RC06-89, 54.9 m grading 1.85 g/t Au), and the Cieneguita zone, (RC07-105, 53.3 m grading 0.7 g/t Au, starting at surface). The results from 31 holes, RC06-75 through RC07-105, are reported herein. A drill summary table and drill hole location map are included with this release, or on the Company's website at www.grayd.com.
To view the map of the La Viruela - La Cruz - Cerro de Oro Area accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/graydmap1.pdf.
To view the map of the La Cieneguita, La Espanola & La India Zones Drilling accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/graydmap2.pdf.

Viruela

Five holes were drilled in the Viruela area, a 500 m by 500 m (and open) area underlain by silica alteration that has only been partly explored by Grayd. RC07-98 and 99, drilled from the same pad at right angles to each other, intersected 42.7 m grading 1.52 g/t Au and 67.1 m grading 1.10 g/t Au respectfully. These intersections, which both start at surface, suggest the potential for a sizeable gold deposit in the Viruela area and also indicate that gold mineralization may be continuous between the La Cruz and Viruela areas.

RC06-92, drilled 100 m to the north of 98/99 intersected 19.8 m grading 1.09 g/t Au, also starting at surface. RC06-91, drilled 100 m east of this, intersected 24.4 m grading 0.92 g/t Au. Further to the east, RC06-93 did not intersect significant mineralization.

La Cruz

Four of the holes reported were drilled in the 350 m by 300 m (and open) La Cruz area. RC06-89 intersected 54.9 m grading 1.85 g/t Au in the northeast part of the main La Cruz zone, where only lower grade mineralization had been encountered previously. This hole successfully intersected higher grade mineralization after ongoing detailed mapping and geological modelling improved the understanding of gold distribution. The confirmation of the higher grade mineralization in RC06-89 adds exploration potential across a fault which cuts the know extent of the La Cruz zone on the northeast side.

Three other holes, RC06-77, 78 and 90 were drilled to test mineralization peripheral to the main mineralizing trend. Holes 78 and 90, in the southwest part of the known extent of the zone, intersected an average of 30 m grading 0.68 g/t Au, starting at surface.

Cerro de Oro

Eleven additional holes were drilled in the 400 m by 400 m area at Cerro de Oro, where gold mineralization was previously intersected on the east and west sides of a ridge top. Two holes on the east side of the ridge, (RC06-75, 25.9 m grading 1.01 g/t Au and RC06-76, 38.1 m grading 0.64 g/t Au), confirmed continuity of gold mineralization. The other nine holes were drilled to expand this zone, and to test the potential on the top of the ridge where it was assumed that the mineralized zone was eroded. RC06-87, (16.8 m at 0.89 g/t Au) drilled on the top of the Cerro de Oro ridge showed potential for additional near-surface mineralization. Other holes intersected silica-alunite alteration with low-grade gold mineralization.

Cieneguita

Six holes, RC07-100 through 105, were drilled in the Cieneguita area to follow-up on the intersection in RC06-61 which intersected 64.0 m at 0.91 g/t Au (Grayd News Release January 9, 2007). Four of the holes intersected mineralization starting at surface over widths of 23 to 53 m, grading 0.4 to 0.7 g/t Au. The Cieneguita has now been intersected by wide spaced holes over an 800 m strike length. The shallow dipping zone of silica alteration can be traced for 1500 m on surface. As mineralization starts at surface, and thus potential ore zones would have little to no stripping, the Cieneguita is a high-priority target.

Additional Holes

RC06-94 and 95 were drilled between the Cerro de Oro and La Cruz areas. Neither intersected significant near-surface mineralization. RC06-80 through 82 were drilled to explore for the potential down-faulted continuation of the Cerro de Oro mineralization to the west side of the known exposure. The holes intersected similar geology and alteration with weakly anomalous gold content.

Summary

Drilling has now outlined four areas with near-surface gold mineralization at La India. The La Cruz zone has the highest gold grades encountered to date over its known 350 m strike length. It is open to the southwest, and may continue to the northeast across a large fault. At Cerro de Oro, two main areas with near-surface gold mineralization have been identified on either side of a ridge. Recent drilling indicates potential between these two areas. Drilling has not located the continuation of this mineralization west of a large fault, but finding the potential extension remains an important target. Recent drilling in the Viruela area has resulted in the identification of a possible ore zone in this large area of alteration. Follow-up holes are planned. The Cieneguita area, while lower grade, represents an excellent target as mining costs could be very low.

The RC drill has drilled to hole RC07-111. Results from RC07-106 and on are pending. The crew is currently on break, but drilling will continue next week. Grayd remains well funded to continue exploration.

Hans Smit, P.Geo., VP Exploration for Grayd, is the Qualified Person directing the exploration at La India. Samples are sent to the ALS Chemex facility in Hermosillo for sample preparation, and then to the ALS Chemex laboratory in Vancouver for gold assay and ICP. QA/QC procedures used include assay standards and blanks.

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 very experienced in all aspects of mineral exploration, development and production and have been involved with several successful mining projects over 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. The Company does not update forward-looking statements continually as conditions change.

Summary Table of Drill Intercepts
-------------------------------------------------------------------------
              UTM Coordinates                     Intersections
                                Azi-                                   Au
Zone Hole        East   North  muth  Dip  Length  From    To  Width   g/t
-------------------------------------------------------------------------
La Viruela    
     RC-06-91  706955 3176415    90  -50    83.8  38.1  62.5   24.4  0.92
     RC-06-92  706862 3176420    90  -50    71.6   0.0  19.8   19.8  1.09
                                                           no significant
     RC-06-93  707150 3176324   270  -50    59.4             intersection
     RC-07-98  706869 3176311   270  -50   150.9   0.0  42.7   42.7  1.52
     RC-07-99  706873 3176306   180  -48    99.1   0.0  67.1   67.1  1.10
-------------------------------------------------------------------------
La Cruz    
     RC-06-77  707278 3176109     0  -90    77.7   0.0  42.7   42.7  0.32
     RC-06-78  707116 3176221     0  -90   120.4   0.0  29.0   29.0  0.66
                                       including  89.9  91.4    1.5 16.60
     RC-06-89  707271 3176222     0  -90    83.8  24.4  79.2   54.9  1.85
                                       including  53.3  68.6   15.2  5.16
     RC-06-90  707069 3176208   315  -45    91.4   0.0  30.5   30.5  0.70
-------------------------------------------------------------------------
Cerro de Oro    
     RC-06-75  707224 3175535    90  -55    71.6   6.1  32.0   25.9  1.01
     RC-06-76  707313 3175572    90  -60   120.4   0.0  38.1   38.1  0.64
                                                           no significant
     RC-06-79  707180 3175524   180  -70    61.0             intersection
     RC-06-83  707223 3175534     0  -90    19.8           hole abandoned
     RC-06-84  707162 3175464    90  -55    61.0  25.9  35.1    9.1  0.78
     RC-06-85  707161 3175464     0  -90    50.3  27.4  42.7   15.2  0.69
     RC-06-86  707158 3175464   135  -50    93.0   0.0  59.4   59.4  0.31
     RC-06-87  707136 3175597     0  -90    35.1   0.0  16.8   16.8  0.89
                                                           no significant
     RC-06-88  707116 3175704     0  -90    53.3             intersection
     RC-06-96  707310 3175569     0  -90    59.4  42.7  48.8    6.1  1.13
                                                           no significant
     RC-06-97  707340 3175722     0  -90    53.3             intersection
-------------------------------------------------------------------------
Cieneguita    
     RC-07-100 706481 3178465     0  -90    50.3   0.0  50.3   50.3  0.42
     RC-07-101 706485 3178463    90  -70    35.1   0.0  35.1   35.1  0.72
     RC-07-102 706468 3178633    90  -70    59.4   0.0  45.7   45.7  0.51
     RC-07-103 706379 3178527     0  -90    41.1  21.3  41.1   19.8  1.64
     RC-07-104 706374 3178743     0  -90    41.1   1.5  24.4   22.9  0.61
     RC-07-105 706340 3178909    90  -70    61.0   0.0  53.3   53.3  0.68
                                                   0.0  29.0   29.0  1.10
-------------------------------------------------------------------------
Additional Holes    
                                                           no significant
     RC-06-80  706675 3175670    90  -55   150.9             intersection
                                                           no significant
     RC-06-81  706758 3175468    90  -50   152.4             intersection
                                                           no significant
     RC-06-82  706638 3175746    90  -80    83.8             intersection
     RC-06-94  707333 3176002     0  -90    71.6  12.2  27.4   15.2  0.71
     RC-06-95  707403 3175817   180  -50    59.4  21.3  27.4    6.1  0.63
-------------------------------------------------------------------------

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.