Graniz Announces Proposed Private Placement

MONTREAL, QUEBEC, Mar 31 (MARKET WIRE) --
Graniz Mondal Inc. ("Graniz" or the "Corporation") today announced a
proposed private placement, shares for debt financing.

Shares for debt Financing

Graniz announces a proposed non-brokered private placement of 564,754
common shares at an issue price of $0.10 per share. The Board of
Directors has approved the issuance of common shares to some of its
creditors. Details of the placement are described below:

Creditors Amount Shares

Richard-Marc Lacasse, President $40,000.00 400,000

Bernard Henault, Treasurer $5,697.50 56,975

Michel Lusignan, Secretary $10,777.97 107,779

The proposed private placement will help the Corporation maintaining
adequate cash flow and is subject to a 4 month holding period. Completion
of the private placement is subject to the approval of the TSX Venture
Exchange.

On behalf of the Board

Richard-Marc Lacasse

This news release contains certain forward-looking statements, including
management's assessment of future plans and operations, and capital
expenditures and the timing thereof, that involve substantial known and
unknown risks and uncertainties, certain of which are beyond the
Corporation's control. The Corporation's actual results, performance or
achievements could differ materially from those expressed in, or implied
by, these forward-looking statements and, accordingly, no assurances can
be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what
benefits, including the amount of proceeds, that the Corporation will
derive therefrom. All subsequent forward-looking statements, whether
written or oral, attributable to the Corporation or persons acting on its
behalf are expressly qualified in their entirety by these cautionary
statements. Furthermore, the forward-looking statements contained in this
news release are made as at the date of this news release and the
Corporation does not undertake any obligation to update publicly or to
revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by applicable securities laws.

TSX Venture Exchange Inc. has neither
approved nor disapproved the contents of this press release.

Contacts:
Graniz Mondal Inc.
Richard-Marc Lacasse
President
418-564-8834

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