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/ CORRECTION - AXcess News: Gryphon Gold Unveils Mine Development Plan


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NEW YORK, NY--(Marketwire - February 14, 2011) - AXcess News released a news article "AXcess News: Gryphon Gold Unveils Mine Development Plan," on October 27th, 2010 that featured Gryphon Gold (TSX: [ GGN ]) (OTCBB: [ GYPH ]). Information contained in that news article was incorrect.

At the request of Gryphon Gold, AXcess News has released a correction. The news article originally referred to its total resources in the second to the last paragraph as "reserves." This was incorrect.

Gryphon Gold confirms that as published in Gryphon Gold Corporation, Borealis Mining Company, Canadian NI 43-101 Technical Report on the Mineral Resources of the Borealis Gold Project Located in Mineral County, Nevada, USA dated April 28, 2008, the reported resource is;

Measured 383,900 oz Au at a grade of .058 oz/ton
Indicated 1,038,600 oz Au at a grade of .035 oz/ton
Inferred 1,104,500 oz Au at a grade of .022 oz/ton

Gryphon Gold has had no involvement with the information published by the news service and has no responsibility therefore.


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