Greyfield Releasing Unaudited Financials on July 22

KAMLOOPS, British Columbia--July 21, 2005--Greyfield Capital Inc. (Pink Sheets:GRYF) will be releasing its unaudited financials Friday, July 22. This will be followed up in mid- to late August with the release of the audited financials.

New management of Greyfield is committed to having an open relationship with all of its shareholders.

About Greyfield Capital

Canadian Autorama is the Canadian subsidiary of Greyfield Capital and is a highly profitable, fast-growing premium automobile dealership in Canada. Canadian Autorama has been in operation for the last three years, and has experienced explosive growth and is quickly becoming the largest automobile dealership in central Canada.

CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.