Greencastle Appoints Laurel Hill and Recommends Shareholders Take No Action

Greencastle Resources Ltd. ("Greencastle" or the "Company") (TSX VENTURE:VGN)
announces that it has retained Laurel Hill Advisory Group, one of Canada's
leading shareholder communications firms, to ensure Greencastle shareholders are
fully advised with proper information in relation to the announcement by Zara
Resources Inc. ("Zara") of its unsolicited offers to acquire all of the
outstanding shares of Greencastle, Visible Gold Mines Inc. and Altai Resources
Inc. in exchange for shares of Zara. 


Greencastle is concerned about misinformation in the marketplace, and advises
our shareholders that they should not take any action concerning the Zara offer
until they have received further communication from the Board of Directors of
Greencastle. The Board of Directors of Greencastle will issue a directors'
circular concerning the offer. The directors' circular will contain important
information including the recommendation of Board of Directors of Greencastle
with respect to the unsolicited offer. Until such time, we encourage
shareholders to take no action.


The Board of Directors of Greencastle have appointed a Special Committee of
independent directors to evaluate the unsolicited bid. The Special Committee
will consider alternatives and make recommendations to the Board of Directors.
It has oversight of the process of reviewing and responding to the unsolicited
bid.


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. 


This news release contains forward-looking statements. These statements are
based on information currently available to the Company and the Company provides
no assurance that actual results will meet management's expectations.
Forward-looking statements include estimates and statements that describe the
Company's future plans, objectives or goals, including words to the effect that
the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan". Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the Company's
mineral properties, and the Company's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Greencastle Resources Ltd.
Investor Relations
[phone] x 226
www.greencastleresources.com


Laurel Hill Advisory Group
1-877-304-0211