Graniz Mondal Inc. ("Graniz") (NEX:GRA.H) announces the termination of the
option agreement that it entered into with Nightstar Resources Inc.
("Nightstar") on June 30, 2011, as amended on September 27, 2011 and December
14, 2011 (the "Agreement"). Pursuant to the Agreement, Nightstar granted to
Graniz the option (the "Option") to acquire a 60% undivided interest in a
property owned by Nightstar in LaRonge, Saskatchewan.  


Trading of Graniz's common shares was halted at Graniz's request while Graniz
and Nightstar pursued discussions with respect to the Option. Graniz will
contact the NEX and request that this halt be removed so as to permit trading of
Graniz's common shares to recommence. 


Management of Graniz has relaunched its search for an attractive business
opportunity for a business combination, either in the mineral resource
exploration sector or in another appropriate sector of the economy, that would
provide Graniz and its shareholders a chance to participate in growth and
achieve healthy returns.


No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. The foregoing
information may contain forward-looking statements relating to the future
performance of Graniz Mondal Inc. Forward-looking statements, specifically those
concerning future performance, are subject to certain risks and uncertainties,
and actual results may differ materially from Graniz's plans and expectations.
These plans, expectations, risks and uncertainties are detailed herein and from
time to time in the filings made by Graniz with the TSX Venture Exchange/NEX and
securities regulators. Graniz does not assume any obligation to update or revise
its forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.