Grand Central Silver Mines, Inc. is engaged in the holding, exploration, and disposition of mineral properties that we own or lease. Many of our mineral properties are in established mining districts that have large and profitable mineral production histories, and are believed to contain deposits of gold, copper, lead, zinc, silver, molybdenum, and other metals. The company currently owns, or holds an interest in four significant non contiguous patented mining claim exploration properties in Utah and Idaho, most of which were past producers of gold, silver and other metals (44 patented claims, 482 total acres) and 3,840 acres of unpatented mining claims and 667 acres of Utah State mineral leases. Our corporate strategy is currently focused on the testing and evaluation of the type and amount of potential mineral deposits located on our properties for the purpose of maximizing the value to be realized by the Company and its shareholders upon the disposition or development of such mineral properties.

Since 1984, the Company has been organized as a corporation under the laws of the State of Utah. In March 2009 the company moved its principal offices from Carrollton, Texas to its temporary offices in Hoffman Estates, Illinois.

GCSM is the result of two predecessor companies. The first predecessor company, Winston Research, Inc. ("Winston"), was formed as a Utah corporation on June 21, 1984. The second predecessor company, Diamond Bullion Corporation ("Diamond") was formed on October 15, 1984, also as a Utah corporation. On October 31, 1984, Winston and Diamond merged. As a result of the merger, Winston acquired all of Diamond's assets in exchange for the Winston's common stock and Winston, as the surviving corporation, changed its name to Diamond Bullion Corporation. This new Diamond Bullion Corporation was also organized under the laws of the State of Utah. On December 16, 1985, Diamond Bullion Corporation changed its name to Centurion Mines Corporation. On January 30, 1998, Centurion Mines Corporation changed its name to Grand Central Silver Mines, Inc.