Green Swan Announces Geneva Lake Earthprobe Results

Green Swan Capital Corp. ("Green Swan") (TSX VENTURE:GSW) announces the first
results from two recent downhole geophysical surveys completed at its 100% owned
Geneva Lake Property ("Geneva Lake" or the "Property"). These surveys and the
diamond drill program form Phase 1 of exploration at Geneva Lake. The results
from this survey, explained more technically below, indicate to management that
base metal mineralization is present on the Property and in proximity to the
drill holes, and that further exploration is warranted.


History - Former Producer

The Property consists of four road-accessible claims in the Benny Greenstone
Belt in Hess Township north of Sudbury, Ontario. The former Geneva Lake Mine
(Pb-Zn-Ag) is located on these claims, which mine produced 80,588 tons of ore
with a grade of 3.34% lead and 9.21% zinc from 1941 to 1944 (see OGS report 206,
Geology of the Benny Area). Historic data from that period (which data is not NI
43-101 compliant and cannot be relied upon) suggests that high grade base metal
mineralization (approximately 44% combined Pb + Zn) may be found at the
Property.


A later report on the Geneva Lake Polymetallic Deposit by Constable (1989)
describes the mineralization as a stratabound massive sulfide deposit that,
"...strikes southeasterly, dips south at 45 degrees to 50 degrees and rakes to
the southeast at 45 degrees. The ulfides zone is conformable to the stratigraphy
and on surface has been traced along a 700 foot strike length. Sulfide widths
vary from 2 to 20 feet with an average width of 5 feet." Sulphide
mineralization, having an average combined grade of 13%, was reported to be
generally massive with distinct banding parallel to bedding planes in the host
strata.


On February 4, 2013 Green Swan released the results of its first diamond drill
program at Geneva Lake. The two main goals of this program had been to make an
initial assessment of base metal mineralization remaining underground in
proximity to the historic underground workings, and to help locate such workings
relative to surface. To help achieve those goals, two downhole geophysical
surveys were conducted in the bore holes left by the diamond drill program.


Green Swan's Earthprobe Survey

Green Swan's first downhole survey was an Earthprobe Borehole Resistivity and
Induced Polarization (DCIP) survey, completed on drill-holes DDH-001 to 003 in
early December, 2012. Vertical profiles (VP) and borehole to borehole
tomographic image data were collected.


The Earthprobe survey appears to have documented lithological correlations
between the three holes, together with interpreted correlation of mineralized
intervals between DDH-001 and 003. These results appear to agree with the
limited sub-surface information available for the Geneva Lake Mine in that the
sub-surface workings appear to extend from a point north of DDH-003
west-northwest toward DDH-001. In addition, the mineralization documented in the
drill core is markedly lower than that indicated in some historical sections,
suggesting the holes possibly cored the mineralized halo to higher grade
mineralization.


The results of the Earthprobe survey appear to confirm the description from
Constable's report. Tomographic data are interpreted to show connectivity of
resistive mafic volcanics across the three drill holes. An intermediate to
felsic, intrusive to volcanic sequence in the upper 200 m of DDH-003 appears to
correspond to a dominantly intermediate to felsic volcanic sequence in the upper
120 m of DDH-002. In addition, this unit is interpreted to extend to the upper
100 m in DDH-001.


A chargeability high was identified between 50 and 120 m downhole at a distance
greater than 20 m in DDH-001 and beyond 10 m distant above 280 m depth in
DDH-002. Tomographic imaging between holes DDH-001 and 002 is interpreted to
indicate continuity of this chargeability anomaly, which appears strongest at
DDH-002 and weakens about 25 m away from DDH-001. Imaging between DDH-002 and
003 suggests this chargeability anomaly connects to two small chargeability
highs imaged near the base of DDH-003 at 280 m and between 220 and 240 m depth.
This chargeability anomaly is interpreted to have a lithological control.


Both Vertical profile and Tomographic data are interpreted to indicate the
mineralization identified in DDH-001 extends toward, and may correlate to
intervals in DDH-003. Two mineralized zones intersected in DDH-001, between 80 -
105 m and 120 - 145 m downhole, are interpreted to extend approximately 50 m
towards DDH-003, but do not appear to show any appreciable extent towards
DDH-002. Sphaleritic (ZnS) mineralization identified in the drill core between
95 and 105 m in DDH-001 appears to extend approximately 50 m towards DDH-003. A
second mineralized interval, comprised of Pb (to 2,680 ppm) and Zn (to 9,600
ppm), between 121 and 145 m is interpreted to correspond to a narrow,
intermittent resistivity low/ chargeability high on the tomographic data that
appears to extend toward DDH-003, at a corresponding elevation between 250 and
275 m. This anomaly in DH-003 is strongest within the hole and appears to extend
up to 30 m toward DDH-002.


With respect to future surface and/or downhole geophysics, the Earthprobe report
reads in part, "The size and extent of mineralization zones within the mafic
volcanics can be imaged by the IP (Induced Polarization) method due to a
resistivity contrast between the mineralization and the host rock;
mineralization within the intermediate and felsic units is not reliably imaged
due to a lack of resistivity contrast."


Next Steps at Geneva Lake

Green Swan also conducted a Crone downhole survey, which results are expected to
be delivered to Green Swan in the near future. Management expects that these
results should assist in identifying the presence of base metal mineralization
with greater certainty. Green Swan will then be able to plan the next phase of
exploration.


The content of this news release has been reviewed by Rick Walker, B.Sc., M.Sc.,
P. Geo., a Qualified Person for the purposes of NI 43-101, with the ability and
authority to verify the authenticity and validity of the data herein.


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. Green Swan 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 Green Swan currently foresees.


Discussion of the various factors that may affect future results is contained in
Green Swan's recent filings, available on SEDAR. Green Swan 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Green Swan Capital Corp.
Peter M. Clausi
CEO
1-416-890-1232
[e-mail]