Gryphon Resources Inc. Receives Regulatory Approval to Begin Manganese Mining Operations

IZMIR, Turkey, March 6 /PRNewswire-FirstCall/ — Gryphon Resources Inc. (OTC Bulletin Board: GRYO) reports its subsidiary APM Madencilik Ltd. (“APM”) has received regulatory permission from Turkey’s Forest General Directorate to begin manganese mining operations in Eastern Turkey.

The initial permission granted for APM’s H33D4 site includes visually exposed manganese which covers an area of 10,522.50 square meters and is valid until December 31, 2010. This license includes an eight year extension provision which takes effect once production has commenced. After drilling results are analyzed, APM expects to apply for additional production licenses according to its production schedule.

CEO Mr. Serdar Kirmizioglu comments: “Now that we’ve been granted regulatory approval to begin mining, our next step is to assemble the capital, infrastructure and labor resources necessary to bring the H33D4 manganese deposit into production. We’re developing a customer base for our product and it’s our objective to fill this demand in the near future.”

About Gryphon Resources

Gryphon Resources was incorporated in the State of Nevada on January 16, 2006 and has undertaken exploration initiatives in Canada and Turkey. Gryphon’s primary focus is now the exploration and mining of manganese and copper in Turkey. Gryphon’s subsidiary APM Madencilik Ltd. was incorporated as a Turkish Corporation on April 28, 2008. APM’s H33D4 exploration site comprises a 1375 hectare exploration license located approximately 180 km due East of Ankara, the capital of Turkey. Shares of Gryphon Resources Inc. are traded on the OTC-BB under the symbol GRYO.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance, constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “will”, “anticipate”, “contemplate”, “target”, “plan”, “continue”, “budget”, “may”, “intend”, “estimate”, “project” and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company’s control with respect to mining operations, changes in the worldwide price of manganese, copper or certain other commodities; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; contests over title to properties; and the risks involved in the exploration, development and mining business. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

SOURCE Gryphon Resources Inc.