GGN-t and SGX-v SIGN OPTION FOR JV FOR BOREALIS GOLD PROJECT NEVADA

May 3rd, 2010: Gryphon Gold starts Borealis drilling...

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Message: Gryphon Gold Updates Progress on Borealis Mine Development

Boot,

I agree and if we had a free and efficient market, GGN holders would be on their way to "high cotton". Unfortunately, the market doesn't seem inclined to reward us for our investment in businesses which perform well according to "standard" performance paradigms. Insiders always win, but in the past, they left a few crumbs for shrewd investors. Not any more it seems.

I'm hanging on to GGN all the same and good luck to you.

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