Green Swan Updates Exploration Program at Geneva Lake and Deepens Technical Team

Green Swan Capital Corp. ("Green Swan") (TSX VENTURE:GSW) announces that Phase 1
diamond drilling has commenced on its Geneva Lake Property (the "Property").
This phase will consist of roughly 900 metres of drilling, possibly followed by
a downhole geophysical survey on some of the holes.


The Property consists of four mineral claims on the Benny Greenstone Belt in
Hess Township in northern Ontario, north of Sudbury. Highway 144 provides access
to the area, with logging roads providing access to the Property. Some of the
former Geneva Lake Mine (Pb-Zn-Ag) is located on the Property, from which mine
80,588 tons of ore with a grade of 3.34% lead and 9.21% zinc was produced from
1941 to 1944 (see OGS report 206, Geology of the Benny Area).


Green Swan also announces that Mr. Richard (Rick) Walker, P.Geo., will
immediately join Green Swan as Vice President - Exploration, subject to
regulatory approval. Mr. Walker is a professional geoscientist jointly
registered in the provinces of British Columbia and Ontario. Rick received both
his B.Sc. (1986) and M.Sc. (1990) from the University of Calgary and has worked
in the Mineral Exploration Industry since graduating.


Over the past twenty years, Rick has worked in many diverse jurisdictions,
including Alberta, the Yukon, the Northwest Territories, Nunavut, Alaska,
Montana, New Brunswick, Brazil, Peru and Chile. In the course of his career, he
has successfully completed contracts for the Government of the Northwest
Territories (MIDA), the Geological Survey of Canada, as well as for junior to
major mining companies. Most recently, the majority of his work has been
directed toward evaluation of both bulk tonnage porphyry-style mineralization
(copper + molybdenum +/- silver +/- gold +/- tungsten) and low tonnage, high
grade manto and / or vein-type mineralization.


Mr. James Lavigne will remain on Green Swan's Board of Directors, from where
Green Swan will continue to benefit from his technical knowledge.


About Green Swan Capital Corp.

Green Swan is engaged in the exploration and, if warranted, development and
mining of its properties as well as the acquisition, exploration and potential
development of other mineral resource properties. The common shares of Green
Swan are listed on the TSX Venture Exchange under the trading symbol "GSW". Upon
closing of the transactions contemplated above, GSW will have 19,897,417 shares
outstanding.


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
1-416-890-1232
[e-mail]