Silver Grail Resources

Press Release

Oct. 22, 2009

Hole #28 Cuts 12.80 Metres of 44.75 g/t Gold (42 Feet of 1.305 oz/t Gold)

Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) and Teuton Resources Corp. (“Teuton”) (“TUO”) are pleased to report complete assay results for the second phase of the 2009 drill program on the Clone gold property, situated 18km southeast of Stewart, British Columbia.

Data from Holes 21 to 35 are presented in the following table:

Drill Hole #	From (m)	From (ft)	To (m)	To (ft)	Interval (m)	Interval (ft)	True Width Coeff.	Gold (g/t)	Gold (oz/t)
21* incl.	11.89 11.89	39 39	19.81 13.72	65 45	7.92 1.83	26 6	0.94 0.94	30.37 115.80	0.886 3.377
22	15.85	52	19.81	65	3.96	13	0.87	26.23	0.765
24	20.42	67	23.47	77	3.05	10	0.77	4.04	0.118
25	12.50	41	16.15	53	3.65	12	0.85	3.68	0.107
26	12.19 21.03	40 69	16.46 26.21	54 86	4.27 5.18	14 17	0.78 0.78	26.39 15.83	0.770 0.462
27	15.85	52	17.98	59	2.13	7	0.85	10.81	0.315
28 incl.	10.67 10.67	35 35	23.47 15.54	77 51	12.80 4.87	42 16	0.92 0.92	44.75 76.80	1.305 2.240
29	20.12	66	26.21	86	6.09	20	0.69	4.81	0.140
30	13.41	44	23.77	78	10.36	34	0.92	6.40	0.187
31	18.29	60	20.12	66	1.83	6	0.85	42.07	1.227
32	19.51	64	24.08	79	4.57	15	0.75	3.96	0.115
33	18.29	60	24.99	82	6.70	22	0.85	11.04	0.322
34	25.30	83	27.43	90	2.13	7	0.78	60.31	1.759
35	24.99	82	29.88	98	4.87	16	0.69	3.81	0.111
* Previously reported hole

The holes were drilled between Trenches 4, 14 and 15 on the H-1 structure and were designed to guide an upcoming bulk sampling program which will concentrate on the same area.

Hole 28 graded a remarkable 1.305 oz/ton over a true width of 38.6 feet. Overall, 8 of the 15 holes reported intervals with high to very high grades ranging from 0.315 oz/t to 1.759 oz/t gold. The remaining 7 holes reported lesser gold values, with the exception of Hole 23 which was barren. In some of the holes an intervening dyke partially obliterated the mineralized zone.

Dip angles for the holes were either minus 20, 30 or 40 degrees. For the purposes of calculating the true width coefficient, the zone is estimated to be vertically dipping.

Mineralization is localized within highly silicified semi-massive to massive hematite-specularite and gold occurs as fine disseminations and is associated with the oxide mineralization. The major lithology is observed to be light grey to green andesitic pyroclastics intercalated with fine grained to aphanitic andesite. Clasts are subangular to angular, matrix supported, and range in size from 1-3cm. Quartz-calcite stockwork pervades the unit in moderate abundance.

Canasia Industries Corporation is funding the program and can earn a 50% interest in the property from joint owners Silver Grail and Teuton by expending $1.8 million over five years.

Canasia Industries Corporation is funding the program and can earn a 50% interest in the property from joint owners Silver Grail and Teuton by expending $1.8 million over five years.

E.R. Kruchkowski, P. Geol., is the Qualified Person for the Clone project and has read and authorized this news release. Pioneer Laboratories of Richmond, BC, an accredited facility, is performing the analyses. A quality control program with blanks, standards and duplicates has been instituted.

“Dino Cremonese, P.Eng.”

President
SILVER GRAIL RESOURCES LTD.
TEUTON RESOURCES CORP.

If you would like to be added to Silver Grail’s or Teuton’s news distribution list, please send your email address to gary.teuton@shawlink.ca.

 

This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Silver Grail Resource Ltd. And Teuton Resources Corp. do have an ongoing obligation to disclose material information, as it becomes available.

 

 

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

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