Silver Grail Resources Limited

Press Release

Sept. 4, 2008

Private Placement

Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) is pleased to announce a private placement of up to $180,000. Silver Grail plans to raise $180,000 by the sale of 1,200,000 units at $0.15 per unit. Each of the units will consist of one common share and one non-transferable share purchase warrant: one warrant will entitle the holder to purchase one additional common share at a price of $0.20 for six months; thereafter until a date two years from the date of the private placement the warrant can be exercised for $0.30 per share.

The Company plans to use the funds for general corporate purposes. A finder's fee or commission may be paid for a portion of the private placement in accordance with the policies of the TSX Venture Exchange. The private placement is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

SILVER GRAIL RESOURCES LTD.

“Dino Cremonese, P.Eng.”

Dino Cremonese, P.Eng.
President

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 Resources Ltd. does 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.

Drill Results From Clone Property

Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) and Teuton Resources Corp. (“Teuton”) (“TUO”:TSX--V; “TFE”-Frankfurt) are pleased to announce receipt of all results from the 2008 drilling on the Clone property. Holes CL08-1 to 4 targeted the “H-1” (Hematite) zone, Holes CL08-5 to 8 targeted the “S-2A” zone, while Holes CL08-9 and 10 were drilled to test a new copper zone found earlier in the program...

Clone Core Samples Sent in for Assay

Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) and Teuton Resources Corp. (“Teuton”) (“TUO”:TSX--V; “TFE”-Frankfurt) are pleased to announce that core samples from the first nine of ten holes drilled into their jointly-owned Clone property, located 20km southeast of Stewart, BC, have been sent in for assay. Pioneer Laboratories of Richmond, BC, will be performing the analyses...