Gryphon Gold Corporation (TSX:GGN)(OTCBB:GYPH) is pleased to announce that on
site construction work for the Borealis Oxide Heap Leach Operation as of July
18, 2011 is on schedule and below budget. Gryphon anticipates first revenue from
gold sales in October, 2011.


John Key, Chief Executive Officer of Gryphon Gold, commented, "Construction
progress has been impressive. We set a very aggressive schedule that goes from
groundbreaking to production in four months. Our contractors have remained on
schedule and have been able to trim expenses from their original quotes. I have
every confidence that we will be shipping loaded carbon into this strong gold
market on schedule."


As of July 17, 2011, the main areas of advance since the June 6, 2011
groundbreaking are:




--  Pregnant and Barren Ponds earthwork was completed on schedule. Lining of
    both the Pregnant and Barren Ponds was 50% complete as of July 16, 2001.
--  Installation of a 2MW generator set was completed on schedule. Hook-up
    will be completed upon installation of the crushing equipment to be
    complete by month's end.
--  The Carbon Columns are currently one week behind schedule and will be
    delivered to site on July 31, 2011.
--  The 150,000 gallon water head tank is complete. The process water system
    will be commissioned by July 17, 2011.
--  The earthwork for the initial pad construction is near completion and
    lining of the initial feed area will commence this week.
--  The crushing and screening plant is scheduled for arrival to site on
    July 19, 2011. In service date for the screening and crushing plant is
    July 26, 2011.



A construction update with pictures is posted on www.gryphongold.com.

ABOUT GRYPHON GOLD:

Gryphon Gold is a Nevada-focused gold exploration company. The Company's
principal property is its Borealis gold project located in the Walker Lane gold
belt of western Nevada.


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 the Company's
plans to advance its Borealis Oxide Heap Leach Project; the schedule for site
construction work, heap leach pad construction, pad loading, and revenue from
gold sales at the Borealis Oxide Heap Leach Project; assumptions related to the
commercial viability of the Borealis Oxide Heap Leach Project; assumptions
related to gold grade and recoverability, estimates of tonnage and grade,
anticipated release of further updates on the progress at the Borealis project
and other statements relating to plans, estimates, objectives, and timing. 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, the risk that additional financing for
the development of the Borealis Oxide Heap Leach Project may not be available on
terms satisfactory to the Company if at all, risks associated with the start up
of mining operations, and the risks and uncertainties outlined under the section
headings "Forward-Looking Statements" and "Risks Factors and Uncertainties" in
the Company's annual report on Form 10-K, as filed with the SEC on June 28,
2010, under the section heading "Risk Factors" in the Company's most recent
quarterly report on Form 10-Q, as filed with the SEC on February 11 2011, under
the section heading "Risk Factors" I the Company's Form S-1/A, as filed with the
SEC on May 12, 2011 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.


The technical report information in this press release was approved by Mr. Steve
Craig, VP of Exploration of Gryphon Gold Corporation, and is a Qualified Person
as defined by National Instrument 43-101 of the Canadian Securities
Administrators. Mr. Craig has supervised the preparation of the data contained
in the press release.


Cautionary Note to U.S. Investors concerning estimates of Reserves and
Resources: The 2011 Pre-Feasibility Study published on April 25, 2011 uses the
terms "Proven and Probable Reserves" and "Mineral Reserves". We advise U.S.
investors that while these terms are Canadian mining terms as defined in
accordance with Canadian National Instrument 43-101 ("NI 43-101") - Standards of
Disclosure for Mineral Projects and the Canadian Institute of Mining, Metallurgy
and Petroleum ("CIM") - CIM Definition Standards on Mineral Resources and
Mineral Reserves, adopted by the CIM Council, as amended, such definitions
differ from the definitions in U.S. Securities and Exchange Commission ("SEC")
Industry Guide 7. Under SEC Industry Guide 7 standards, a "final" or "bankable"
feasibility study is required to report reserves, the three-year historical
average price is used in any reserve or cash flow analysis to designate reserves
and the primary environmental analysis or report must be filed with the
appropriate governmental authority. U.S. investors are cautioned not to assume
that any part or all of mineral deposits in this category will ever be converted
into SEC Industry Guide 7 reserves. The 2011 Pre-Feasibility Study also uses the
terms "Measured Resources", "Indicated Resources", "Measured & Indicated
Resources" and "Inferred Resources." We advise U.S. investors that while these
terms are defined in and required by Canadian regulations, these terms are not
defined terms under SEC Industry Guide 7 and are normally not permitted to be
used in reports and registration statements filed with the SEC. "Inferred
Resources" have a great amount of uncertainty as to their existence, and great
uncertainty as to their economic and legal feasibility. It cannot be assumed
that all or any part of an inferred mineral resource will ever be upgraded to a
higher category. Under Canadian rules, estimates of inferred mineral resources
may not form the basis of a feasibility study or pre-feasibility study, except
in rare cases. The SEC normally only permits issuers to report mineralization
that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place
tonnage and grade without reference to unit measures. U.S. investors are
cautioned not to assume that any part or all of mineral deposits in these
categories will ever be converted into Guide 7 reserves.