www.PinnacleDigest.com is a performance-driven online financial magazine with a consistent and disciplined approach to the market. With our growing network of experienced professionals we strive to bring investors the only multi-dimensional online investing magazine. Recent news from Grenville Gold has led to further research by our team in order to determine if we will select them as our next Featured Company. Pinnacle members will be notified if we select them as our next equity target. On Friday the 25th of January we announced our first featured company of 2008. Although the Canadian markets are our focus at Pinnacle Digest they are directly related to the American markets, which is why we research both equally.

Grenville Gold Corporation (TSX-V: GVG) (OTO:PK: GVLGF) experienced an even day in the market Monday coupled by 38,000 shares traded. On February 4th they announced that the TSX Venture Exchange has accepted for filing, a non-brokered private placement of 1,733,333 Units at a price of $0.30 per Unit for total proceeds of $520,000.

We will be reviewing Grenville Gold's development and the private placement's potential ramifications on their future; further information and the entire article will be available on our site as well as an exclusive Chat Board dedicated to their shareholders. All Grenville Gold shareholders are encouraged to share their thoughts on this equity with one of North America's largest online investor communities. We have announced our most recent Featured Company which we only do four times every year. Join our informative and complimentary online financial magazine at www.pinnacledigest.com.

US stocks recorded their largest weekly gain in five years last week after the Fed dropped interest rates once more and energized the economy. On Monday a very different sentiment was present as all stock indices declined after analysts told investors to sell American Express Co. and Wells Fargo & Co. Excluding yesterday, the current rise comes after the Fed cut interest rates twice in 9 days, the first was the largest interest rate cut in 23 years followed by a second cut Wednesday afternoon of 0.50 points. The TSX Composite posted its largest weekly rise in five months and was led by the Royal Bank of Canada and EnCana Crop. On Monday the TSX dropped 60.21 points to close at 13,258.16 after rising 3.3% last week.

The interest rate in the United States has been dropped to 3%. This for the moment is overshadowing the first decrease in jobs since 2003 accompanied by the largest yearly decline in home sales ever recorded. President George Bush recently proposed up to $150 billion in tax rebates and incentives to ward off a recession. His plan in late 2007 to freeze mortgage rates had little to no affect and his most recent tax rebate claims have not had an affect yet. The Fed, the President and now Congress have come together to do whatever they can to avert a full blown recession. The Dow Jones added an amazing 4.4% to its value last week after falling 108.03 points Monday to close at 12,635.16.

The TSX and TSX-Venture exchanges are our focus at Pinnacle Digest. Resource based companies operating in these exchanges are what our research focuses on. Canadian stocks reported their first weekly gain in almost a month as sentiment central banks in the United States will cut borrowing rates to stave off a recession was prominent last week.

Canadian equities have been falling over the past few months as a slumping US economy has been sending shockwaves through the entire market. This sentiment has been slowly changing as soaring commodity prices and a more stable economic US have recently sent Canadian stocks to their first weekly gain of the year. CIBC has sold more that $2.75 billion in discounted stock to cover write down losses attributed to the US subprime meltdown and fears the repercussion from this is not over are prominent.

Canada's biggest fear is that a lack of credit will slow the global economy and thus reduce the demand of materials. At Pinnacle Digest we believe the global demand for many commodities will overpower any economic turmoil in the United States. The TSX index continued its winning ways Thursday after investors bought companies which produce essential such as food and shares that pay dividends. The fluctuation occurring within this index is exceptional and keeping everyone on edge. The fact CitiGroup Inc. recently stated that it will have to write down another $11 billion dollars combined with the mortgage fiasco is still having a tremendous effect on the Canadian markets.

At Pinnacle Digest we feature three companies trading within the mining and oil and gas industries. We invite you to visit our multi-purpose online financial magazine to participate in our community and to educate yourself further on the markets moving this company forward at www.pinnacledigest.com.

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Grenville Gold 1,733,333-Share Private Placement

2008-01-31 16:48 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 18, 2008.

Number of shares: 1,733,333 shares

Purchase price: 30 cents per share

Warrants: 1,733,333 share purchase warrants to purchase 1,733,333 shares

Warrant exercise price: 45 cents for a one-year period

Hidden placees: Four hidden placees participated

Insider: Amrit Paul S. Gill, one million

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