Graystone Company Begins Environmental Impact Study

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Lima, Peru, Jan. 22, 2013 (GLOBE NEWSWIRE) -- Lima, Peru, January 22, 2013 -- The Graystone Company (OTCQB: GYST) announced today that the Company's Peruvian wholly owned subsidiary, Grupo Mineral Inca S.A., has retained the services of a firm to conduct the Corrective Environmental Management Instrument (a/k/a environmental impact study) on its mining properties Gorilla, Graystone 2 and Graystone 4.

The Company expects to submit the record of Corrective Environmental Management Instrument by February 5, 2013 and file the final Corrective Environmental Management Instrument in approximately 7 months. The costs associated with the Corrective Environmental Management Instrument are $56,000, which the Company's officers agreed to lend the Company if necessary.

About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold. The Company sells gold and silver to retail buyers via

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CONTACT: Contacts: The Graystone Company, Inc. Paul Howarth (702) 289-4827

Source: TheGraystone Company, Inc.