Greyfield Negotiating Acquisition of Mitsubishi Dealership; Releasing Inventory Asset Numbers on Monday

KAMLOOPS, British Columbia--July 22, 2005--Greyfield Capital Inc. (Pink Sheets: GRYF) is today negotiating to acquire an operating Mitsubishi dealership. The Mitsubishi dealership currently markets new and used vehicles and is also certified to perform maintenance work on all Mitsubishi make and models.

When acquired, the dealership will immediately be adding revenue and profits to the company.

Mitsubishi Motors is globally recognized as an innovative leader in the automobile industry. More information about Mitsubishi Motors can be found at http://www.mitsubishicars.com.

Greyfield shall also be releasing its inventory asset numbers on July 25.

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

Greyfield Capital is quoted on NQB Pink Sheets as "GRYF."

About Greyfield Capital

Canadian Autorama is a highly profitable, fast growing premium automobile dealership in Canada. Canadian Autorama has been in operation for the last 3 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.