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Silver Wolf Exploration Ltd. 
Listed Company 

GRAY ROCK RESOURCES LTD. ("GRK")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: July 21, 2009
TSX Venture Tier 2 Company

TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:

Private Placement:

# of Warrants: 635,000
Original Expiry Date of Warrants: July 30, 2009
New Expiry Date of Warrants: July 30, 2010
Exercise Price of Warrants: $0.13

These warrants were issued pursuant to a private placement of 1,635,000 shares with 1,635,000 share purchase warrants attached, which was accepted for filing by the Exchange effective July 30, 2007.

TSX-X
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