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Gryphon Gold Corporation Announces Second Quarter Fiscal Year 2013 Financial Results Conference Call

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CARSON CITY, NEVADA--(Marketwire - Oct. 31, 2012) - Gryphon Gold Corp. (TSX:GGN)(OTCQB:GYPH), a gold exploration, development and production company focused on its Borealis Oxide Heap Leach Project in Nevada (the "Borealis Property"), announced today that it will release its second quarter fiscal year 2013 financial results after the close of financial markets on Wednesday, November 14, 2012.

A conference call and webcast will be held at 1:00 p.m. Eastern Time on Thursday, November 15, 2012, in which management will review its results and progress in advancing the Borealis Property, followed by a question and answer session. The conference call can be accessed by dialing (201) 689-8560. The listen-only audio webcast can be monitored at www.gryphongold.com.

A telephonic replay will be available from 4:00 p.m. Eastern Time the day of the teleconference until Thursday, November 22, 2012. To listen to a replay of the call, dial (858) 384-5517 and enter replay pin number 401262. Alternatively, the archive of the webcast will be available on the Company's website at www.gryphongold.com. A transcript will also be posted to the Company's website, once available.

ABOUT GRYPHON GOLD:

Gryphon Gold produces gold from its Borealis Property, which is located in Nevada's Walker Lane Gold Belt. The Company is expanding its production capacity and advancing the development of the oxide heap leachable gold and silver historically identified that includes both pre-processed and unprocessed ore. Gryphon Gold also plans to further expand and develop the significant sulphide resource available through exploration, metallurgical design and sulphide project permitting and development. The Borealis Property contains unpatented mining claims (including claims leased to the Company's wholly owned subsidiary) of approximately 20 acres each, totaling about 15,020 acres, which has successful past production.

Gryphon Gold routinely posts news and other important information on its website: www.gryphongold.com

FOR FURTHER INFORMATION PLEASE CONTACT:
Gryphon Gold Corporation
James T. O'Neil Jr.
CEO and Interim CFO
(775) 883-1456
joneil@gryphongold.com
www.gryphongold.com


Kei Advisors LLC
Deborah K. Pawlowski
Investor Relations
(716) 843-3908
dpawlowski@keiadvisors.com

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