Grandview Gold Inc. Announces Delisting from NEX and Update on Timing of Proposed Share Exchange and Related Transactions

TORONTO, ONTARIO--(Marketwired - July 3, 2015) - Grandview Gold Inc. (Former NEX Symbol: GVX) (OTCBB:GVGDF) ("Grandview" or the "Company") is pleased to announce that its common shares have been delisted from the NEX exchange of the TSX Venture Exchange effective at close of business on July 2, 2015 (the "Delisting").

Further to the Company's press release of March 19, 2015, the Delisting from the NEX exchange is a condition of the share exchange agreement (the "Share Exchange Agreement") entered into between Grandview and My Courier Depot Inc., an Ontario-based courier services company ("MCD") effective March 18, 2015. The Company and MCD entered into the Share Exchange Agreement pursuant to which Grandview will acquire all of the issued and outstanding securities of MCD (the "Share Exchange").

Following the Delisting, the Company expects to complete the Asset Sale (as defined below) on or around July 7, 2015, followed by the Consolidation and Name Change (each as defined below) on or around July 9, 2015. The Share Exchange is expected to be completed on or around July 10, 2015 with the listing of the Company's shares on the CSE to be effective as soon as practicable thereafter.

Upon completion of the Share Exchange, the Company's management will be replaced with management appointed by MCD and the Company shall carry on the business of MCD under the new name of "PUDO Inc.". MCD's business provides in-store over the counter pick-up services to courier companies and consumers. MCD's services are made available in convenience stores, gas stations, and other variety stores that are typically open on a "24 hours" basis, allowing registered courier companies and consumers to use these stores as pick-up locations for parcels and letters that require identification and/or signatures to release.

Share Exchange

Pursuant to the Share Exchange Agreement, the Company will acquire all of the issued and outstanding shares of MCD ("MCD Shares") on the basis of 8,333.33 Post-Consolidation Grandview Shares (as defined below) of the Company for every one (1) MCD Share. In addition to the Delisting, the Share Exchange Agreement also contains the following conditions: