Granada Gold Mine Inc. announced that the ongoing metallurgical test work at Temiskaming Testing Labs on the third, 500-tonne surface, bulk sample taken from the high-grade Vein One at the Granada deposit has returned a gravity concentrate of 77.9 grams per tonne gold. Gold Concentrate Highlights: Concentrating of Gold-Bearing Material: The concentration ratio was in the order of 48 (4,800%) to a final grade of 77.9 grams per tonne gold concentrate from 1.47 grams per tonne gold gravity plant feed. Bag house dust was used for the test work to minimize the presence of any native gold in the feed material.

Gold Grades in Feed Sample and Concentrate: The baghouse material from the 500-tonne bulk sample returned an average feed grade of 1.47 grams per tonne gold and concentrate grade of 77.9 grams per tonne gold. Granada Gold Mine Inc. remains confident in the potential of processing the mineralized material economically. With mining permits still in place, the company has begun an internal study for potential milling of the mineralized open pit material.