Balancing Gold Production with Sustainable Small - Mine Development and Exploration

Red Lake Gold District, Ontario - Rice Lake Gold District, Manitoba - Giulianita, Peru

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Grandview Gold Inc.

December 12, 2007 - 05:00:03 AM

Grandview's First-Pass Drilling Indicates Discovery of Two New Rice Lake Gold
Zones Four of Seven Preliminary Holes Drilled Returned Promising Gold Values

TORONTO, ONTARIO--(Marketwire - Dec. 12, 2007) - Grandview Gold Inc. (TSX:GVX)
(OTCBB:GVGDF) ("Grandview" or the "Company") is pleased to report that the
Company received favorable first-pass drilling results on its grass-roots
Angelina Gold property (the "Property") in Manitoba's emerging Rice Lake Gold
District and further, that assays indicate the existence of two previously
un-discovered gold zones on the Property.

"We are pleased by the first-pass results from Angelina, but more important
this is our first foray into the Rice Lake belt and an important piece of the
overall story of the Company. Grandview is the only Canadian junior gold
company with high-potential gold properties in two major gold districts
(Carlin Trend, Nevada and Red Lake, Ontario) and one emerging gold district
(Rice Lake, Manitoba) - all at different levels of exploration and all
delivering impressive gold numbers. In the context of gold exploration, Rice
Lake is emerging, as is Angelina. We firmly believe that, by virtue of its
geological similarities to the 30 million ounce Red Lake Gold District and the
return on investment delivered against historic exploration activity, Rice
Lake has better than average potential for delivering major discoveries like
San Gold's 1.4 million ounce Rice Lake Mine," says Grandview President and CEO
Paul Sarjeant.

Table 1. Chronology of Significant Assays for the Property; including
Relevant Historic Holes
DDH# From m (ft) To m (ft) Length m Au g/T (opt) Zone
(ft) (a)
AN-07-01 GVX 76.0 (249.3) 78.0 (255.9) 2.0 (6.6) 0.89 (0.026) Discovery
incl. 77.5 (254.3) 78.0 (255.9) 0.5 (1.6) 2.08 (0.061)

AN-07-02 GVX 112.75 (369.9) 113.25 (371.5) 0.5 (1.6) 1.18 (0.034) South
Shear (1)

AN-07-04 GVX 85.25 (279.7) 86.75 (284.6) 1.5 (4.9) 2.13 (0.062) Discovery

AN-07-06 GVX 50.0 (164.0) 53.0 (173.8) 3.0 (9.8) 0.81 (0.024) Contact
Zone (1)
incl. 50.0 (164.0) 51.5 (168.9) 1.5 (4.9) 1.40 (0.041)

(1) Newly Discovered Gold Zones
(a) Drill hole intercept length should not be assumed to be true

The 2007 drill program for the Property comprised 1193 metres over seven holes
in three targeted areas, namely the Discovery Shear, the Contact Zone and the
Beaver Pond Vein.

Four holes over 743m were drilled to test gold enriched quartz veins in the
'Discovery Shear' area, including the 'Discovery Zone' first staked in 1925.
The eastern edge of the Discovery Shear (Discovery Zone) was drilled by Gossan
Resources ("Gossan") in 2004 with shallow drill holes that returned grades of
3.4 g/T over 1m and 1.9 g/T over 4.2 m. This season Grandview tested the
Discovery Shear along approximately 350m of strike length, west of the
historic Discovery Zone. Three of the four drill holes tested 50 metres below
highly enriched surface samples (15.2 g/T, 16.5 g/T and 10.8 g/T gold)
acquired during spring 2007 prospecting.

The fourth hole tested 50 metres below visible gold discovered by Grandview
geologist in September 2007 prior to mobilizing the drill. Two of the four
holes tested by the Company this season returned notable gold grades in the
primary shear zone. AN-07-01 intersected 0.89 g/T gold over 2m, including a
0.5m interval grading 2.08 g/T gold. AN-07-04 intersected 2.13 g/T gold over
1.5m and AN-07-02 intersected a second, deeper mineralized shear zone (herein
termed 'South Discovery Shear') grading 1.18 g/T gold over 0.5m which visually
appears to be more prospective with depth (thickness, alteration, sulphides
and vein intensity).

Two holes over 301m were drilled by Grandview in the 'Contact Zone' (host of
the Discovery Zone), planned to test a 50+m thick moderately quartz veined
sericite-ankerite alteration zone along the contact between basaltic volcanic
rocks to the north and a large gabbro intrusive body to the south. The Contact
Zone had seen no previous drilling but spring 2007 prospecting had returned
numerous anomalous gold enriched samples. AN-07-06 intersected 0.81 g/T gold
over 3m, including 1.4 g/T gold over 1.5m.

Only one 149m hole was drilled to test a quartz-ankerite vein (Beaver Pond
Vein) that returned a 1.48 g/T gold assay collected by Gossan in 2003, but no
significant assays were returned for this hole.

Company geologists are currently reviewing, compiling and interpreting results
of the 2007 prospecting and drill program for the Property, comparing them
with previous prospecting, mapping, drilling, geophysics and geochemical
results, and will begin developing an exploration program for 2008.
"We are confident about Angelina's future, given the highly enriched gold
samples found during prospecting earlier this season and that, of the 238
samples collected from drilling, approximately 80percent returned assays above
anomalous gold enrichment." concludes Mr. Sarjeant.

Samples were selected, split by diamond saw, sealed, secured and delivered to
the SGS laboratory in Red Lake by Grandview Gold Inc. staff. Sample
preparation (PRP 89) and gold analysis by fire assay atomic absorption
(FAA303) or gravimetric finish (FAG303) are performed in Red Lake. Additional
32 element geochemistry by aqua regia digestion followed by ICP-AES (ICP12B)
is performed by SGS in Toronto. Quality control is maintained by the insertion
of a blank and standard sample every 25 samples. The drilling program was
carried out under the supervision of Paul Sarjeant, B.Sc, P.Geo, President and
CEO of Grandview, who is a "qualified person" as defined by NI 43-101. The
information in this release was reviewed by and prepared under the direction
of Paul Sarjeant.

About the Property

In March, 2007 Grandview acquired 100-per-cent interest in the 11 claim
Property. The results of surface mapping and diamond drilling completed by
Gossan in 2003 and 2004 attracted the Company to the Property which was first
staked in 1925. Several shear zones and high-grade visible gold were
discovered on the Property in 1927 and there has been sporadic exploration
over the years. Recent mapping and compilation data produced by P.
Fulton-Regula for Gossan in 2003 indicated gold results from chip samples over
multiple shear zones including 18.0 g/tonne gold over 3.7 metres, 8.84 g/tonne
gold over 7.92 metres, 9.18 g/tonne gold over 2 metres.

Individual grab samples of vein quartz ranged from 31g/T to 205.7 g/T gold.
Gold mineralization was found along NNW trending shear zones within a
structurally complex assemblage of basalts, metasediment, gabbro and tuffs. In
2004, Gossan drilled 10 shallow diamond drill holes with results including;
Ang-04-01 returned 3.4 g/T gold over 1 metre and Ang-04-05 returned 1.9 g/T
gold over 4.2 metres. For further details regarding the exploration history of
the Property visit the Past Exploration and Drilling Results pages of the
Company website at

The 2007 drilling program for the Property followed-up on prospecting done
earlier this field season as part of the Rice Lake Greenstone Belt
Reconnaissance program. During prospecting, eight surface samples returned
anomalous gold values over an area of approximately 450 metres by 150 metres
(1,476 by 492 feet). Two samples contained VG (visible gold) and assayed 16.6
g/T gold and 15.2 g/T gold. A third sample returned 10.8 g/T gold.

About Rice Lake

Grandview considers Manitoba's emerging Rice Lake Gold District as a potential
new major gold district given its geological similarities to the Red Lake Gold
District. What separates the two Archean greenstone belt districts, other than
the provincial border, is their gold exploration histories. They lie in the
same geological terrain, on the same crustal fault and are structurally very
similar. Like the Red Lake greenstone belt, the Rice Lake greenstone belt is
part of the Superior Province and Uchi Subprovince.

In spite of its similarities to the Red Lake Gold District, the Rice Lake Gold
District remains virtually unexplored, having produced about 10-per-cent of
the gold produced by the Red Lake District. Industry estimates suggest that
Rice Lake exploration activity runs at about 20-per-cent of Red Lake levels,
and expenditures at about one to two-per-cent.

Most mining activity took place prior to WWII and the advent of even
pre-modern exploration techniques. In 2006, San Gold re-opened the San
Antonio/Bissett Mine (1.4 million ounces historic production 1932-68, 1982-83)
as the Rice Lake Gold Project and is currently in production with proven and
probable reserves of 1.2 million ounces gold. A dozen other mines produced an
aggregate of 300,000 ounces from 1922 - 1951. No other producing resource
companies are currently operating in the area.

This document may contain forward looking statements, relating to the
Company's operations or the environment in which it operates, which are based
on Grandview Gold Inc's operations, estimates, forecasts and projections.
These statements are not guarantees of future performance and involve risks
and uncertainties that are difficult to predict, and/or beyond Grandview Gold
Inc's control. A number of important factors could cause actual outcomes and
results to differ materially from those expressed in these forward-looking
statements. Consequently, readers should not place undue reliance on such
forward-looking statements. Grandview Gold Inc. disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

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