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TORONTO, ONTARIO--(Marketwire - Oct. 13, 2009) - Grey Horse Corporation (TSX:GHC) ("Grey Horse" or "the Corporation"), a Canadian financial services company serving the corporate and institutional market, reported today the appointment of Donald A. Wright as Chairman of the Board of Directors. The appointment is effective immediately.

Mr. Wright is President and Chief Executive Officer of The Winnington Capital Group, an investment counsel and portfolio management company. His career spans more than 30 years in the investment industry during which time he has held numerous leadership positions including President of Merrill Lynch Canada, Executive Vice-President, Director and member of the Executive Committee of Burns Fry Ltd., Chairman and CEO of TD Securities and Deputy Chairman of TD Bank Financial Group.

Mr. Wright currently serves as Chairman of the Board of VIA Rail Canada Inc., Chairman of the Board of Richards Packaging Inc., Chairman of the Board of Trustees of Richards Packaging Income Fund, and Chairman of the Board of Attwell Capital Inc. He is also a member of the boards of directors of Black Bull Resources Inc., GMP Capital Trust and DHX Media Ltd. Mr. Wright supports numerous charitable organizations. Notably, he is a member of the Board of Trustees of The Hospital for Sick Children in Toronto and a member of the Royal Ontario Museum Governors' Finance Committee.

"We are fortunate to have someone of the calibre of Don Wright assume the chairmanship of Grey Horse," said Paul G. Smith, GHC's President and CEO. "We will benefit from his insight and extensive experience in Canadian financial markets."

"Don Wright arrives at the right time in the organisation's history. We very much look forward to working with him," said Kevin Reed, GHC Vice-Chairman."

About Grey Horse Corporation
Through its wholly owned subsidiaries, Grey Horse provides transfer agent, corporate trust, corporate secretary, foreign exchange and limited market dealer services to corporations and institutions in the North American capital markets. Learn more at [ www.greyhorsecorp.com ].

Certain information included in press releases may be forward-looking and involve risks and uncertainties. The results or events predicted in such 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, frequency of large volume transactions, regulatory risks and other factors. If and when forward-looking information is set out in this press release, Grey Horse will also set out the material risk factors or assumptions used to develop the forward-looking information. Forward-looking information will be updated as required pursuant to the requirements of National Instrument 51-102. 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.