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Grey Horse Corporation: Grey Horse Announces Executive Changes

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^{Published in Business and Finance on Monday, December 8th 2008 at 16:36 GMT by Market Wire}  

TORONTO, ONTARIO--(Marketwire - Dec. 8, 2008) - Grey Horse Corporation (TSX:GHC) ("Grey Horse", "the Corporation" or "GHC") today announced the appointment of Paul G. Smith as President and Chief Executive Officer of GHC, and Chief Executive Officer of its principal subsidiary, Equity Transfer & Trust Company ("ETT"), effective January 1, 2009.

Kevin Reed will continue as Chairman of ETT and, effective January 1, 2009, will also become Vice-Chairman of GHC, responsible for Corporate Development and Investor Relations.

"I am excited about the future prospects for GHC and these leadership changes are reflective of the Corporation's growth and evolution," said Mr. Smith. "I look forward to leading this growing organization in a very competitive marketplace and Kevin will be driving a strategic agenda to continue to build ETT into the leading corporate trust company in Canada. Since founding GHC, Kevin and I have worked as a team and will continue to do so."

As Mr. Smith assumes this new role, Josh Reusing, currently the Corporation's Controller, will be appointed acting Vice President, Finance.

Grey Horse's company filings can be found on SEDAR at [ www.sedar.com ] and on the Corporation's website at [ www.greyhorsecorp.com ].

About Grey Horse

Grey Horse Corporation is a Canadian financial services company serving the corporate and institutional markets. Through its wholly-owned subsidiaries, Grey Horse provides transfer agent, corporate trust, corporate secretary, foreign exchange and limited market dealer services to corporations in North American capital markets. Learn more at [ www.greyhorsecorp.com ].

Certain information included in this press release may be forward-looking and involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Grey Horse's growth, the state of the financial markets, the frequency of large volume transactions, regulatory risks and other factors. Unless otherwise required by applicable securities laws, Grey Horse disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about potential factors that could affect Grey Horse's financial and business results is included in public documents Grey Horse files from time to time with Canadian securities regulatory authorities.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.