Greencastle Resources Ltd.

Greencastle Resources Ltd.

April 25, 2007 09:07 ET

Greencastle Clarifies Softrock Release Re: Shares; Provides Update

TORONTO, ONTARIO--(CCNMatthews - April 25, 2007) - Greencastle Resources Inc. (TSX VENTURE:VGN) ( issues the following clarification to a press release issued by Softrock Minerals (TSX VENTURE:SFT) and provides an update.

Softrock was issued 2,000,000 common shares of Greencastle in connection with our very successful oil discovery in Saskatchewan in 2003. Softrock has sold 500,000 of these shares and retains 1,500,000 shares for investment purposes. There are no additional Greencastle shares to be issued to Softrock.

Greencastle expects to announce year end December 31, 2006 earnings in the coming days.

A drill program designed and permitted for the Jewel Ridge project is expected to begin in early May. Previously, Greencastle reported hole HRC-11, drilled at minus 45 degrees, to test a northeast-trending structure which returned 2.1 grams per tonne Au over 39.6 metres from 94.5 m to 134.1 m including 2.7 g/t Au over 19.8 m from 94.5 m to 114.3 m at Jewel Ridge. Further details regarding the program will be released in the coming weeks.

Greencastle is a resource company with four gold exploration projects on the Battle Mountain Trend in Nevada, U.S.A., and two gold exploration projects in the Republic of Niger, West Africa.

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.

To find out more about Greencastle Resources Limited (TSX VENTURE:VGN), visit our website at:

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

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