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Thursday, 02/14/2008 8:22:31 AM

Thursday, February 14, 2008 8:22:31 AM

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February 13, 2008

Grandview Gold Inc Encounters Visible Gold at Dixie Lake Projectand Mobilizes to Sanshaw Bonanza in Red Lake Gold District

February 13, 2008, - Toronto, Ontario - Grandview Gold Inc. (TSX Symbol: GVX, OTC-BB Symbol: GVGDF) ("Grandview" or the "Company") is pleased to report that the Company has completed a short drill program at its Dixie Lake property in the 30 million ounce gold Red Lake Mining District of Ontario and encountered visible gold. Dixie Lake assays are pending and the Company has mobilized to the Sanshaw Bonanza Property (“Property”), also in the Red Lake District.

“Ice conditions are ideal for us to begin our Sanshaw program. We completed a short drilling program at our Dixie Lake property while waiting for the ice to thicken at Sanshaw, and the drill and crew have now mobilized to Sanshaw to begin our 2500 metre (8,202 ft) diamond drill program there,” says Grandview President and CEO Paul Sarjeant. “Our geologists continue to log core from the last of two holes drilled at Dixie to better define mineralization in the newly discovered NS Zone, and assays are pending. We did encounter what I would call considerable visible gold in vein structure at depth and we anticipate good results along with an increased understanding of the geology within the NS Zone.” The Company will return to the Dixie Lake property later this field season, to follow-up on results of these holes and continue the 2008 exploration program.

The Sanshaw-Bonanza Property is located southwest of and contiguous with the Goldcorp Inc. (“Goldcorp”)/Premier Gold (“Premier”) JV Rahill-Bonanza property, and south of the Gold Eagle and Broulan Reef gold projects. Goldcorp’s famous 11 million ounce gold Red Lake Mine, the lowest-cost production gold mine in the world, is located five kilometres east of the Property. See Regional Activity Map below or http://www.grandviewgold.com/Gold_Properties/Red_Lake_Gold_District




Drilling is planned to begin targeting the possible extension of a structure identified by Premier and Goldcorp and will progress to other identified structural and geophysical targets. The Property has seen considerable past exploration and, while Grandview geologists have done a thorough compilation of previous activity to better understand geology, control and geometry of mineralization within the Orlac deposit, this 2500 metre program is the first drilling done by the Company.

“These are early days for us at Sanshaw,” says Sarjeant, “but we have high hopes for the Property of course and it feels right for us to be there within a stone’s throw of Goldcorp.” Earlier this month, the Rahill-Bonanza property, contiguous to the northeast with Grandview’s Property, received a 43-101 compliant inferred mineral resource estimate of its Bonanza Deposit, a joint venture between Premier and Goldcorp’s Red Lake Gold Mines.

The Property has been explored and drilled quite extensively around the historic Orlac deposit discovered by Orlac Red Lake Mines Ltd in 1946-47, with excellent gold assays including Hole #NBZ-88-10 drilled by Pure Gold Resources in 1988, which graded 4.53 g/T over 26m with a 5.5m interval grading 13.65 g/T, 3.3m grading 22.22 g/T and 2m grading 34.94 g/T. For a detailed list of significant intercepts from previous drilling and associated exploration results visit the Sanshaw-Bonanza pages of the Grandview website at www.grandviewgold.com.

All significant gold mineralization outlined to date on the Property appears to be directly related to two stages of mineralized quartz veining within conjugate fracture shear-sets within the granodiorite Dome Stock or within its contact zone. The current drill targets can be better defined as more “classic” Red Lake gold hosted quartz vein/shear type deposits.

Previous drilling and geophysical surveying has indicated a potential for additional mineralization along a North-South structural trend, offshore of Whitehorse Island. With continued positive results from the Premier Gold Mines' drill program to the north-east, there is also potential for the south-west continuation of their Rahill-Bonanza zone (CP Zone) onto the Property.

About The Property
Grandview entered into an agreement with EMCO Corporation S.A. (“EMCO”) effective October 30, 2006 for an option to earn an undivided 60 percent interest in the Property by incurring $250,000 (CAD) in resource exploration and development expenditures on or before August 31, 2007, In July of 2007, the Company signed an amendment to its option agreement (the “Agreement”) with EMCO extending the option period by an additional year through to August 31, 2008 and spending $500,000 (CAD) in work commitments.

The Property was first staked by the Sanshaw Mines Syndicate, which later became Sanshaw Mines Ltd. In 1937 Sanshaw drilled 1178 metres, with a 9.1 metre shaft sunk on Whitehorse Island. From 1939 to 1941, MacKenzie Red Lake Gold Mines drilled 17 holes for 353.6 metres.

During World War II work on the Property was suspended until 1946-47 when Orlac Red Lake Mines Ltd deepened the shaft to 139 metres and established levels at 68 and 106 metres (termed the Orlac deposit). During this period, Orlac drilled 701 metres of underground development, 15 surface holes that totaled 1655 metres, and 523 metres in 54 underground drill holes.

In 1948, Cable Mines and Oils Ltd. drilled four surface holes at 1200 metres, followed by 4,207 metres drilled between 1958 and 1965. At this time, Cable Mines and Oils Ltd. issued a statement that read that, above the 375 ft. level, a resource of 175,000 tons averaging 0.20 ounces of gold per ton had been calculated (historical resource as per Ferguson, S.A. 1966, Geology of Dome Township. District of Kenora; Ontario Department of Mines, Geological Report 45). Following this discovery, Cable Mines Oils Ltd. continued drilling sporadically, testing northern extensions to mineralization.

Bonanza Red Lake Explorations Ltd. moved in 1979 and conducted geophysical surveys, followed by a six hole drill program. The best intersection was reported from hole B79-1, which returned 0.159 ounces per ton over 17.02 feet. This was followed by Pure Gold Resources Inc. who in 1987-88, optioned the property, and conducted exploration on behalf of Noramco Mining Corporation. Diamond drilling of 48 holes totaling 6,637 metres, took place along the east side of Whitehorse Island and on the lake just off the northeast side of the island. In 1988 - 89 Noramco completed a further 34 holes for a total of 4785 metres in a follow-up program, & outlined a mineralized zone 3 to 5 metres wide, 150 metres long and 125 metres deep. Grades within the zones ranged from up to 2.1 to 12.7 g/T.

Caution should be used when evaluating these resources as they were calculated prior to NI 43-101 existing and a qualified person has not done work to classify the historical estimate as a current mineral resource.

About the Red Lake Gold District
The Red Lake Gold Mining District in northwestern Ontario is to Canada what the Carlin Gold Trend is to the United States, and what Witwatersrand District is to South Africa - the most prolific gold producing region in the entire country.

Since the mid-1960's The Red Lake District has yielded over 30-million ounces of gold worth over USD$24 billion at today's prices and is home to Goldcorp's Red Lake Mine, one of the richest, lowest cost production mines in the world. The Red Lake Mine produces approximately 600,000 ounces worth USD$480 million annually, with over 11 million ounces (USD $8.8 billion) gold to date.

Despite Red Lake's long history, the most prolific discovery was made just ten years ago. Dickenson Mines Ltd. had been successfully operating the Arthur White Mine in the region since 1948 and was acquired by Goldcorp in 1989. After applying advanced science and contemporary perspective to the former Arthur White Mine site and surrounding area, and implementing an impressive exploration program, Goldcorp made one of the highest grade gold discoveries in the world, averaging 9.08 ounces of gold over 7.5 feet on nine drill holes.

The now high profile Red Lake district has attracted nearly 60 juniors over the past five years and District real estate has elevated to blue chip status.

Grandview has considerable interests in the Red Lake District and on the Red Lake Gold Trend. These three projects, namely Sanshaw-Bonanza, Dixie Lake and Loisan, plus interests in Manitoba's emerging Rice Lake District fit perfectly into the Company's Canadian exploration strategy of applying advanced geology, geophysics and geochemistry to the Red Lake & Rice Lake greenstone belts.

For further information, contact Paul Sarjeant at 416.486.3444 #113 or visit www.grandviewgold.com.

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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