Greencastle Resources Ltd.

Greencastle Resources Ltd.

October 24, 2013 14:48 ET

Greencastle Shareholders Approve All Matters at Special Meeting

TORONTO, ONTARIO--(Marketwired - Oct. 24, 2013) - Greencastle Resources Ltd. (TSX VENTURE:VGN) ("Greencastle" or the "Company") is pleased to report that at the special meeting of holders of common shares of the Company held on October 23, 2013, the shareholders overwhelmingly approved a resolution adopting the shareholder rights plan of the Company and a special resolution reducing the stated capital attributable to the common shares of the Company and associated special distribution, permitting the board of directors of the Company to pay a distribution to shareholders in the form of a return of capital at such future date and amount as the board may deem advisable.

Shareholder votes cast at the meeting were at unusually high levels and both resolutions were strongly supported with 90% of votes cast in favour.

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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