Greystar Resources Ltd. TSX: GSL AIM: GSL

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2008) - Notice is hereby given that the Annual General Meeting of Shareholders of Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL) will be held at Suite 1028, 550 Burrard Street, Vancouver, British Columbia, on Friday, May 2, 2008 at 1:30 p.m., for the following purposes:

(a) To receive the financial statements of the Company for the fiscal year ended December 31, 2007, together with the report of the auditors thereon;

(b) To appoint auditors;

(c) To elect directors;

(d) To consider and, if thought advisable, to pass, with or without variation, an ordinary resolution approving the unallocated options to purchase common shares of the Company under the Amended & Restated Incentive Share Option Plan of the Company; and

(e) To transact such further or other business as may properly come before the meeting or any adjournment or adjournments thereof.

The following documents will be mailed on April 4, 2008, and pursuant to Rule 26 of the AIM Rules for Companies, will also be made available on the Company website www.greystarresources.com on that date:

1. Notice of Meeting;

2. Information Circular;

3. Letter to Shareholders;

4. Proxy; and

5. Request for financial statements.

BY ORDER OF THE BOARD

David B. Rovig, President

No Stock Exchange has reviewed or accepts responsibility for the adequacy or accuracy of this news release.