William B. Goodhard Joins Gryphon Gold's Board of Directors

William B. Goodhard Joins Gryphon Gold's Board of Directors 
Respected Industry Veteran Brings More Than 35 Years Experience in
Gold Mining to Gryphon's Board 
CARSON CITY, NEVADA -- (Marketwire) -- 11/19/12 -- Gryphon Gold
Corporation (the "Company" or "Gryphon Gold") (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 the appointment of William B. Goodhard as an
independent director to the Company's Board, effective November 16,
Marvin K. Kaiser, Chairman of the Board of Gryphon Gold, commented,
"We are very pleased that Bill is joining our Board of Directors. His
knowledge in all aspects and phases of a project, from exploration
through production, will make him an invaluable member of the Gryphon
Gold team. He also has extensive experience in project expansion and
extension, as well as project finance, which made him an ideal
selection and will prove crucial, given the scope and goals we have
for our Borealis Property."  
Mr. Goodhard has more than 35 years experience as a Chief Geologist,
General Manager and Project Manager, and most recently served as Vice
President of Health and Safety at Kinross Gold Corporation. In
addition, he has held a number of senior-level positions at Round
Mountain Gold Corp., Echo Bay Mines Ltd., Sunnyside Gold Corporation
and Standard Metals Corporation and has served on the Executive Board
of the Nevada Mining Association from 2006 to 2011, including
Chairman from 2009 to 2010, the Alaska Council of Producers from 1996
to 1997 and the Colorado Mining Association Board from 1998 to 2010.  
During his career, Mr. Goodhard has been an integral team-member of
successful projects in Alaska, Colorado and Nevada, and has designed
and implemented multi-step programs to extend a mine life and
increase positive cash flow, promoted environmental and safety
programs and implemented innovative cost reduction initiatives. He
holds a Bachelor of Science degree in Geological Engineering from the
Colorado School of Mines. 
"I am impressed with the progress Gryphon Gold has made in such a
short time frame. The Company has many exciting initiatives currently
underway and I look forward to sharing my experiences and
contributing to the future direction and growth of Gryphon Gold as we
work to maximize the potential of the Borealis Property," stated
William B. Goodhard. 
Mr. Goodhard succeeds Dr. Donald W. Gentry, who passed away in July
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.  
Safe Harbor Statement 
This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of United States and
Canadian securities laws, which may include, but are not limited to,
statements relating to expansion of production capacity, development
of resources and plans to advance the development of the Borealis
Property. Such forward-looking statements and forward-looking
information reflect our current views with respect to future events
and are subject to certain risks, uncertainties and assumptions,
including risks associated with mining operations, risks associated
with the oxide heap, risks associated with exploration, metallurgical
design and project permitting and development and the risks and
uncertainties outlined under the section headings "Forward-Looking
Statements" and "Risks Factors and Uncertainties" in the Annual and
Quarterly Reports, as filed with the SEC and Canadian securities
administrators and in the Company's other reports, documents, and
registration statements filed with the SEC (available at www.sec.gov)
and with Canadian securities administrators (available at
www.sedar.com). Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those anticipated, believed,
estimated or expected. The Company does not undertake to update
forward-looking statements or forward-looking information, except as
may be required by law. Full financial statements and securities
filings are available on the Company's website: www.gryphongold.com
and www.sec.gov or www.sedar.com.
Gryphon Gold Corporation
James T. O'Neil Jr.
CEO and Interim CFO
Kei Advisors LLC
Deborah K. Pawlowski
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