Greencastle Resources Ltd.
TSX VENTURE : VGN

Greencastle Resources Ltd.

January 22, 2007 14:53 ET

Greencastle Retains AGORACOM for Investor Relations

TORONTO, ONTARIO--(CCNMatthews - Jan. 22, 2007) - Greencastle Resources Ltd. (TSX VENTURE:VGN) (http://www.greencastleresources.com) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide investor relations services.

Anthony Roodenburg, Greencastle CEO & Director, stated, "Given our recent upswing in cash flow and positive net earnings, I believe the time has now come to significantly increase our efforts to communicate with existing and potential new shareholders. Greencastle combines the downside protection of cash flow with the potential for rapid value expansion as a result of our mineral exploration activities. Ours is a relatively unique story and with the help of AGORACOM, we should be able to attract a wider audience and shareholder base."

AGORACOM will assist in raising Greencastle awareness amongst retail investors for the purposes of attracting new and prospective shareholders. As an exclusive small-cap content provider to Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet, AGORACOM will provide Tier-1 financial coverage of all meaningful Greencastle press releases.

Please visit the Greencastle IR Hub at http://www.agoracom.com/IR/greencastle. Alternatively, investors are invited to e-mail questions to VGN@agoracom.com,, where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

The agreement has a term of 12 months at a rate of $2,500 per month and will include 200,000 stock options @ $0.30 (vesting quarterly). Greencastle may terminate the agreement after three months.

Greencastle is a resource company with interests in gold exploration on the Battle Mountain Trend in Nevada, U.S.A., and in the Republic of Niger, West Africa. Greencastle has also submitted applications for uranium concessions in Niger, the world's fourth largest uranium producer.

In addition, Greencastle holds a gross overriding royalty on a section in the Primate oil field in Saskatchewan, Canada, where Greencastle made a discovery late in 2003. Currently production comes from eight wells. Greencastle is expected to report a net profit for fiscal 2006.

To find out more about Greencastle Resources Limited (TSX VENTURE:VGN), visit our website at www.greencastleresources.com. To find out more about AGORACOM please visit: http://www.agoracom.com http://www.AgoraIR.com.

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.

Issued and Outstanding: 36,882,005

No Stock Exchange has reviewed nor accepted responsibility for the adequacy or accuracy of this news release.

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