Greystar Resources Ltd.: Result of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/06/10 -- Following the Annual General Meeting of Greystar Resources Ltd. (TSX: GSL)(AIM: GSL) held on May 3, 2010, the Company is pleased to announce that all of the resolutions put to shareholders were passed.

About Greystar Resources Ltd.

Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.

Forward-Looking Statements

Certain statements in this news release are 'forward-looking' within the meaning of Canadian securities legislation. They include statements regarding the receipt and timing of environmental permits. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading 'Risk Factors' in the Company's Annual Information Form dated March 26, 2010 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.

Contacts:
Greystar Resources Ltd.
Geoff Chater
Vice President
(604) 614-7830info@greystarresources.comwww.greystarresources.com
Renmark Financial Communications Inc.
John Boidman
Investor Relations Contact
(514) 939-3989 or (416) 644-2020jboidman@renmarkfinancial.com
Renmark Financial Communications Inc.
Dan Symons
Investor Relations Contact
(514) 939-3989 or (416) 644-2020dsymons@renmarkfinancial.comwww.renmarkfinancial.com
NCB Stockbrokers Limited
Christopher Caldwell
London NOMAD Contact
44 (0) 20 7071 5200christopher.caldwell@ncb.ie