The paper describes a method of relation extraction, which is based on parsing the input text using a combination of a generic HPSG-based grammar and a highly focused domain- and relation-specific lexicon. We also show a method of unsupervised acquisition of such a lexicon from a large unlabeled corpus. Together, the methods introduce a novel approach to the “Open IE” task, which is superior in accuracy and in quality of relation identification to the existing approaches.