/ CORRECTION - Graymark Healthcare, Inc.

OKLAHOMA CITY, OK -- (Marketwire) -- 01/19/12 -- In the news release, "Graymark Healthcare Partners With Emory University Hospital of Atlanta, Georgia to Deliver Comprehensive Sleep Care," issued Tuesday, January 17, 2012 by Graymark Healthcare, Inc. (NASDAQ: GRMH), we are advised by the company that the headline should now read "Graymark Healthcare Partners With Emory-Adventist Hospital at Smyrna to Deliver Comprehensive Sleep Care." In addition, the original second paragraph has been removed, and Dennis Kileys quote and the Emory-Adventist Hospital at Smyrna boilerplate have been altered. Complete corrected text follows.

Graymark Healthcare Partners With Emory-Adventist Hospital at Smyrna to Deliver Comprehensive Sleep Care

Partnership Marks Graymarks First Entrance Into Georgia Market

OKLAHOMA CITY, OK -- January 17, 2012 -- Graymark Healthcare, Inc. (NASDAQ: GRMH), the nations second largest provider of diagnostic sleep services and an innovator in comprehensive care for obstructive sleep apnea (OSA), has partnered with Emory-Adventist Hospital of Smyrna, Georgia to offer comprehensive sleep medicine services to city residents and surrounding areas.

Graymark replaces the hospitals previous provider and represents the companys first entrance into the state of Georgia. It brings the total number of Graymark sleep laboratories to 101, consisting of 24 standalone or IDTF facilities in large communities and 77 hospital or rural outreach locations.

"Our new partnership with Emory-Adventist Hospital expands our footprint into our tenth state and further supports our replicable model for the diagnosis and treatment of OSA," said Stanton Nelson, CEO of Graymark Healthcare. "We plan to open three to four additional locations in the Atlanta market in 2012, which we expect all together will perform about 1,500 sleep studies before years end."

These sleep medicine programs augment the company-owned, freestanding facilities, and represent Graymarks go-to-market strategy due to the relatively low start-up cost and more rapid deployment, as well as lower ongoing administrative time and expense. Graymarks OSA patients also benefit from the full and immediate resources of a well-established, professionally operated medical facility.

Dennis Kiley, CEO of Emory-Adventist Hospital at Smyrna, commented: "Graymark has proven themselves as a leader in sleep medicine and we look forward to collaborating with them to treat our patients sleep-related health issues."

To find out more or to locate a sleep center near you, visit www.graymarkhealthcare.com.

About Emory-Adventist Hospital at Smyrna

Emory-Adventist Hospital at Smyrna is a non-profit community hospital operated by Adventist Health System as a joint venture with Emory Healthcare.

About Graymark Healthcare

Headquartered in Oklahoma City, Okla., Graymark Healthcare, Inc. (NASDAQ: GRMH) is the nations second largest provider of sleep management solutions. In addition to diagnosing and treating over 80 sleep disorders, the company specializes in comprehensive care for Obstructive Sleep Apnea (OSA). Graymark offers its services through 101 sleep laboratories primarily in the Midwest, including standalone or IDTF facilities, therapy facilities, rural outreach hospital sites and urban hospital management agreements. For more information, visit www.graymarkhealthcare.com.

Important Cautions Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on the Companys current expectations, forecasts and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual outcomes and results to differ materially from the Companys expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the risk that the transaction does not close as planned or at all, the current economic climate and other risks and uncertainties, including those enumerated and described in the Companys filings with the Securities and Exchange Commission, which filings are available on the SECs website at www.sec.gov. Unless otherwise required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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