Websmart.com Communications Inc.
Suite 410 - 777 Dunsmuir St.
Vancouver, BC V7Y 1G5

NEWS RELEASE

June 1, 2004

VANCOUVER, BRITISH COLUMBIA - Websmart.com Communications Inc. (TSX Venture: WSM) and Grayd Resource Corporation (TSX Venture: GYD) are pleased to announce that the companies have signed an option agreement whereby Websmart can earn up to a 61% interest in Grayd's 3,750-hectare Seel porphyry copper-gold project located 100 km south of Houston BC.

Under the terms of the agreement, Websmart can earn a 61% interest in the Seel property by incurring $1,000,000 in exploration expenditures before December 31, 2006. Websmart is committed to incur $400,000 of this amount by December 31, 2004. Once Websmart is vested, Grayd has 60 days to elect to earn back 10% of the interest by incurring the next $250,000 in exploration expenditures (effectively forming a 51% Websmart - 49% Grayd Joint Venture). During the earn-in period Grayd will act as operator. The agreement is subject to regulatory approval

The Seel Property covers a 7 km by 2 km zone with coincident soil, rock and geophysical anomalies of a type commonly associated with large porphyry mineral systems. The anomalous zone includes an area where a previous operator drilled several shallow holes (typically 18 -20 m) into a mineralized breccia body associated with an intrusion. Highlights included 18m grading 1.59% Cu and 640 ppb Au and 0.9m grading 8.3% Cu, 9.5 g/t Au, and 120 g/t Ag. Highly altered and mineralized intrusive and sedimentary rocks are observed throughout the 7 km belt. A rock sample collected last summer by Grayd 1.5 km west of the previous drilling assayed 0.64% copper and 1.62 g/t gold. This sample was of float, but is assumed to have come from a proximal source. A strong IP geophysical anomaly remains mostly untested.

ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, President

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