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To: LoneClone who wrote (27838)	12/14/2006 9:26:18 PM
From: LoneClone	Respond to of 78422

Grenville Completes Private Placement with Mineral Fields and Prepares to Drill Parkman Diamond Property 15:10 EST Thursday, December 14, 2006 FSC / Press Release globeinvestor.com Grenville Completes Private Placement with Mineral Fields and Prepares to Drill Parkman Diamond Property Vancouver, British Columbia CANADA, December 14, 2006 /FSC/ - Grenville Gold Corp (GVG - TSX Venture), ("Grenville" or "the Company"), announces completion of a brokered arm's length private placement for $50,000 consisting of 147,059 units of Grenville at a price of $0.34 per unit. Each unit consists of one flow-through common share and one non-flow-through common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share for a two year period at a price of $0.40 per year for the first year and $0.60 per share for the second year. The securities are subject to a four-month hold period. A finder's fee is payable in the amount of $2,500 and 14,705 broker's warrants. Each broker's warrant entitles the holder to purchase an additional common share on the same terms as the warrants forming part of the units. The proceeds will be used to fund the drill program to be conducted on the Parkman Joint Venture of Grenville's two-thirds owned subsidiary, Parkman Diamond Corporation. "There is strong correlation between circular magnetic anomalies and MMI-D anomalies and it is recommended that the two highest priority targets generated during 2006 be tested with vertical diamond drill holes. We will be commenced as soon as a drilling contractor is available,? stated Timothy J. Beesley, P. Eng., the president of Parkman and its qualified person within the meaning of NI 43-101. Mr. Beesley has reported to the Company on the results of the current work program as follows. Linecutting on the Green Creek North Grid originally commenced in late February 2006, but shortly had to be abandoned because of poor progress due to an exceptionally heavy snowfall on the steep slopes of the Green Creek valley. Line-cutting resumed in early May and a proton magnetometer survey was completed by May 18, 2006. Results of this survey guided a follow up Mobile-Metal-Ion for kimberlite/diamond host rocks (MMI-D) soil geochemical sampling program over circular magnetic features. The MMI-D theory is that minute amounts of metal ions migrate vertically over great distances from mineralized bed rock or till and are trapped in the immediate subsurface in parts per billion concentrations. There are ten elements which alone or in combination indicate kimberlite or kimberlitic material at depth. A background is calculated for each element, being the mean of the lowest quartile of all the results for that element. Background ratios are calculated for each element at each site by dividing the actual reading by the elemental background. An anomalous threshold ratio is generally considered 5x or 10x this background. In this interpretation an anomalous background ratio per element of 8x was assumed, and a particular site was not considered MMI-D anomalous unless two or more of the ten elements were background threshold anomalous. Adjacent anomalies, or clusters, are significant. Crosslines spaced at 50-m intervals with 25m-spaced stations were cut and chained from a 1.4-km baseline oriented at 020 degrees, for a total of 16 line km. The Green Creek North Grid originated from the origin of the previously surveyed Green Creek Grid, which is contiguous and to the south. Sixteen (16) line km of proton magnetometer surveying was done on the Green Creek North Grid baseline and crosslines at a reading interval of 12.5 m. The interval between L200S on the old grid and L350N on the new grid was identified as containing oval to circular magnetic features possibly of kimberlitic origin. A total of 106 geochemical soil samples were taken along lines in this interval from 25m-spaced stations. These samples from the MMI-D program were sent to SGS Labs in Toronto for analysis for anomalous kimberlitic elements. Thirty-six (36) of the 106 geochemical sites were MMI-D threshold ratio anomalous, an unusually high percentage. The anomalies plot in two clusters, 18 anomalies each: (i) around the extensions of the original B11 anomaly, between Lines 200S and 050N ('B11 Extended Zone'); and (ii) around the 'New Magnetic Response', between Lines 150N and 350N. The "New Magnetic Response" zone, a large (approx. 5 hectare) positive magnetic anomaly surrounded on all sides by magnetic lows and of shape, size and magnetic intensity (165 gammas) reminiscent of a kimberlite pipe, was detected on the Green Creek North Grid. This magnetic feature is immediately up ice (north) from the 6,600 KIM (kimberlite indicator mineral) sample, which was previously taken at a bend in Green Creek. It is also noteworthy that Green Creek has been deflected and follows the margin of this magnetic feature. The magnetic results indicate that a major fault follows Green Creek. The Parkman Joint Venture has spent the last 12 months firming up multiple combined magnetic/MMI-D/kimberlite indicator mineral anomaly targets on the priority Green Creek Grid. The grid has been extended for the third time this year and a ground magnetic survey is currently underway to outline and cover off new kimberlite-type magnetic targets delineated during the first and second grid extensions. Magnetic surveys have been corroborated by the anomalous results from two follow up MMI-D surveys. At the conclusion of the present magnetic survey, results will be interpreted and the Green Creek Grid will be drill ready. About Grenville Gold Corporation Grenville Gold Corporation www.grenvillegold.com is a junior resource company in seeking prospective properties in Peru and Ecuador. Parkman Diamond is a subsidiary of Grenville Gold exploring for diamonds near North Bay, Ontario. Grenville Gold plans to leverage the experience of its Board and Management in exploration and mining to develop its growth strategy in North and South America. For further information contact 604-669-8842 ext. 103. On behalf of the Board of Directors "A. Paul Gill" President & CEO (604)-669-8842 pgill@grenvillegold.com The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the content of this press release We seek Safe Harbor. Grenville Gold Corporation Suite 207 - 475 Howe St. Vancouver, B.C. V6C 2B3 T: 604-669-8842 C: 604-669-9204 Source: Grenville Gold Corp. (TSX-V: GVG) grenvillegold.com Maximum News Dissemination by Filing Services Canada Inc. Ph: (403) 717-3898 Fx: (403) 717-3896 www.usetdas.com

To: LoneClone who wrote (27838)	12/14/2006 11:28:10 PM
From: hank2010	Read Replies (2) \| Respond to of 78422

It is rather confusing, Lone Clone, but I think there is a difference betweeen RMs (rare metals - rubidium, cesium, lithium, tantalum) and REE (rare earth elements - and I cannot remeber them all so here is a list The thirty rare earth elements are composed of the lanthanide and actinide series. One element of the lanthanide series and most of the elements in the actinide series are called trans-uranium, which means synthetic or man-made. All of the rare earth metals are found in group 3 of the periodic table, and the 6th and 7th periods. The Rare Earth Elements are made up of two series of elements, the Lanthanide and Actinide Series. The Rare Earth Elements are: Lanthanide Series * Lanthanum * Cerium * Praseodymium * Neodymium * Promethium * Samarium * Europium * Gadolinium * Terbium * Dysprosium * Holmium * Erbium * Thulium * Ytterbium * Lutetium Actinide series * Actinium * Thorium * Protactinium * Uranium * Neptunium * Plutonium * Americium * Curium * Berkelium * Californium * Einsteinium * Fermium * Mendelevium * Nobelium * Lawrencium