Greencastle Resources Ltd.

Greencastle Resources Ltd.

January 26, 2010 07:00 ET

Greencastle Completes Two Well Drill Program in Southwestern Saskatchewan

TORONTO, ONTARIO--(Marketwire - Jan. 26, 2010) - Greencastle Resources Ltd. ("Greencastle," or the "Company,") (TSX VENTURE:VGN) is pleased to report that the Company has completed a two well drilling program at the Cabri and Boggy Lake projects in Southwestern Saskatchewan.

Both wells have been cased for testing and evaluation of potential horizons. This testing should occur in the next few weeks. 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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