Greenscape Capital Update

Greenscape Capital Group Inc. (TSX VENTURE:GRN) - 

Announcement Highlights:



--  Capital West Partners seeks to maximize Greenscape's Canopy Airport
    Parking investment
--  Mr. Bradley N. Scharfe, currently a major shareholder and director, is
    appointed Chief Executive Officer
--  Canopy facility, built on time and on budget, exceeding budgeted revenue
    forecasts 



Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE:GRN) is pleased to
provide the following update on operations.


Operational performance at Greenscape's Canopy Airport Parking ("Canopy")
investment, which is a state of the art 4200 stall green parking facility that
services the Denver International Airport, continues to exceed budgeted
revenues. The facility was built on time and on budget in 2010.


The facility funding was arranged by Greenscape during a time of exceptionally
difficult real estate financing markets and as such is heavily leveraged.
Substantial portions of the debt related to the construction of the facility
have been personally guaranteed by insiders of Greenscape and large shareholders
in the company. This leverage allowed the facility construction when relatively
few projects of this size were being built in the sector.


Due to the operational success at the facility combined with this significant
leverage the associated debt servicing costs within Greenscape, the company has
engaged Capital West Partners to provide advice on optimizing the value of this
investment. Options being evaluated include selling the facility and monetizing
the return on this investment earlier than originally targeted. To this, Capital
West Partners has prepared a Confidential Information Memorandum ("CIM") and is
circulating this amongst targeted and select groups of potential purchasers of
the facility including real estate investment groups, pension funds,
infrastructure funds and parking corporations. Initial interest received by
Capital West Partners from prospective purchasers has been strong, driven by
Canopy's potential for strong consistent cash flow over the long term.


During this process, Greenscape management has started to look at various
potential business opportunities to pursue post any proposed sale including, but
not exclusive to, opportunities outside its current core business focus.
Greenscape will update the public on any such developments if they become
material. Greenscape's management team and board have a variety of industry
experience including, but not limited to, the resource sector. The goal of
Greenscape management is to be able to act quickly, re-deploying the potential
profits from a potential sale of Canopy into new opportunities. Any potential
sale of Greenscape's interest in Canopy would be subject to all applicable
regulatory approvals.


In addition to Greenscape's investment in Canopy Airport Parking, the company
owns 12.6% percent of Captherm Systems ("Captherm"), funded by a fully paid for
investment into Captherm of CAD $600,000. Greenscape is working with Captherm to
explore options for Captherm to find alternative sources of future financing
and, in that context, potentially monetizing Greenscape's investment. 


As Greenscape looks at business opportunities outside of its current sector of
focus and as the company pursues the monetization of Canopy, Mr. Bradley N.
Scharfe has been appointed as Chief Executive Officer. Mr. Scharfe is a major
shareholder of the company, has personally guaranteed various corporate loans
received and is one of the founders. Concurrent with this, Mr. Mark Devereux has
resigned as Chief Executive Officer and from the Board of Directors. The company
thanks Mr. Devereux for his leadership and guidance leading up to this
transition phase and wishes him well in all future endeavors. 


About Capital West Partners

Established in 1990, Capital West is an independent corporate finance advisory
firm based in Vancouver, British Columbia. Capital West provides specialized
financial advice and expertise to publicly and privately owned corporations in
North America on mergers, acquisitions, divestitures and other strategic
transactions. Capital West's team of professionals has extensive experience in
executing transactions for North American infrastructure assets. Capital West is
a member of IMAP, an integrated global organization of independent corporate
finance advisory firms comprising 39 firms in 30 countries.


About Greenscape 

Greenscape Capital Group increases environmental sustainability, social
responsibility, and profitability of companies and their operations. Greenscape
is focused on dramatically increasing the profitability of commercial facilities
through enhanced energy efficiency and environmental best practices. When
opportunities arise, Greenscape also invests in other companies that operate in
the environmental space, providing strategic capital and business advisory
services to assist companies in achieving their environmental and corporate
goals. www.greenscapecapital.com 


ON BEHALF OF THE BOARD 

Bradley N. Scharfe, CEO and Director 

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements.
Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such statements are subject to risks and uncertainties
that may cause actual results, performance or developments to differ materially
from those contained in the statements. No assurance can be given that any of
the events anticipated by the forward-looking statements will occur or, if they
do occur, what benefits the Company will obtain from them. In particular, no
assurance can be given that the Canopy Parking Facility will be sold and no
assurance can be given that bids for the lot will meet expected and acceptable
figures for Greenscape Capital.