Greencastle Resources Ltd.
TSX VENTURE : VGN

Greencastle Resources Ltd.

February 10, 2010 17:12 ET

Greencastle Begins Testing First Well in Southwestern Saskatchewan

TORONTO, ONTARIO--(Marketwire - Feb. 10, 2010) - Greencastle Resources Ltd. ("Greencastle," or the "Company,")(TSX VENTURE:VGN) reports that the operator, Centaur Resources Ltd., has commenced testing the first of the two wells recently drilled in the Cabri area of Southwestern Saskatchewan.

The operator plans to test several zones in the first well and has advised the Company that, subject to weather, service rig availability and ongoing results from the target stratigraphic horizons, testing may take several weeks to determine if flow rates are economic.

With the completion of this additional work on these first two wells, Greencastle will earn a 50% working interest in six sections (3800 acres).

This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of commodities, general market conditions, risks inherent in exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. The Company relies on litigation protection for forward looking statements.

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.

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