Mr. Campbell Smyth reports

GRAFTON RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Grafton Resources Inc. has arranged a non-brokered private placement to raise gross proceeds to the company of up to $2-million by the issuance of up to four million units of the company at a purchase price of 50 cents per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a purchase price of 90 cents per warrant share for a period of two years from the closing date of the offering.

The proceeds of the offering will be used for general working capital purposes. The company may pay finders' fees to eligible arm's-length finders who locate investors to participate in the offering. The offering is subject to the acceptance of the Canadian Securities Exchange. The securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable securities laws and the rules of the exchange.

About Grafton Resources Inc.

Grafton Resources is a Canadian exploration company listed on the CSE, focused on the discovery and development of copper and gold assets in the Americas. The company is committed to responsible exploration, strong community partnerships and generating shareholder value through disciplined project advancement.

We seek Safe Harbor.