Green Swan Announces Financing and Debt Conversion

Green Swan Capital Corp. (TSX VENTURE:GSW) ("Green Swan") announces the
conversion of certain non-arm's length debt to equity, and a contemplated
financing.


Offering

Green Swan is contemplating an offering of up to 3,000,000 Units at a price of
$0.05 per Unit. Each Unit shall consist of one (1) Green Swan common share and
one 12-month common share purchase warrant having an exercise price of $0.075
(seven and a half cents) (the "Warrant"). Closing shall take place as soon as
possible.


Green Swan will pay to any participating registrant a cash commission of 8% of
the gross proceeds of the Offering sourced by such registrant and broker
warrants equal to 8% of the number of Units issued by Green Swan with respect to
the Offering as sourced by such registrant. These broker warrants have the same
characteristics as the Warrants. The use of proceeds is to fund working capital.


Conversion

To preserve Green Swan's cash, certain non-arm's length creditors of Green Swan
have agreed to accept common shares of Green Swan in lieu of cash to settle a
total of $60,000 (sixty thousand dollars) in outstanding liabilities, at a
conversion price of $0.05 per common share, being the same price as the
contemplated financing but does not include the Warrant. These liabilities have
been disclosed in Green Swan's financial statements. The conversion has been
approved by the independent members of Green Swan's board.


The transactions contemplated above are subject to regulatory approval.

About Green Swan Capital Corp.

Green Swan Capital Corp. is a Canadian company engaged in the business of
acquiring, exploring and dealing in mineral properties in Canada. Green Swan,
with fewer than 21,000,000 shares outstanding, is well-poised to deliver real
value through exploration and through corporate M&A activities.


Forward Looking Statements

This news release may include statements about expected future events and/or
financial results that are forward-looking in nature and subject to risks and
uncertainties. GSW cautions that actual performance will be affected by a number
of factors, many of which are beyond its control. Future events and results may
vary substantially from what GSW currently foresees. Discussion of the various
factors that may affect future results is contained in GSW's recent filings,
available on SEDAR. GSW assumes no liability for repeating or referring to any
facts, statements, releases, data or reports disseminated by any other issuer.
Any reference to any other issuer should be cross-checked for accuracy and
context by the reader. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release. 


On Behalf of the Board of Directors

GREEN SWAN CAPITAL CORP.

Peter M. Clausi, President, CEO and Director 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Green Swan Capital Corp.
Peter M. Clausi
President, CEO and Director
905-681-1925
[e-mail]