GreenLight Resources Inc.
TSX VENTURE : GR
OTC Bulletin Board : PRZCF
FRANKFURT : PH0

GreenLight Resources Inc.

September 27, 2011 15:39 ET

GreenLight Initial Exploration Program Confirms and Identifies Heavy REE Anomalies

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - GREENLIGHT RESOURCES INC. (TSX VENTURE:GR)(OTCBB:PRZCF)(FRANKFURT:PH0) is pleased to announce the Company has completed its first stage soil sampling and prospecting program over its 100% owned Porcupine Rare Earth Property ("Property") located fifty kilometers west of Newcastle, New Brunswick. The 3,440 acres property hosts two exploration plays. The south claim block contains a REE exploration target while the North claim block contains gold, silver and base metal targets. Various rare earth elements (REE) were previously discovered in soil samples on the property and subsequent geochemical surveys confirmed very high values for REE mineralization including the precence of several important heavy rare metals ("HREE").

Rare Earth Elements - South Claim Block

The results of the soil sampling program have confirmed the presence of anomalous Heavy and Light Rare Earth Elements (LREE) identified in previous exploration programs. Of particular interest are anomalous zones with Heavy and Light Rare Earth elements, and also Caesium, particularly in the south western portion of the grid. This positive correlation indicates a bedrock source for these elements. Other areas have a relatively strong, north west trending, linear Niobium anomaly cutting through Rare Earth elements and Caesium highs. This may be indicative of a mineralized vein -porphyry dike or pegmatite and several such anomalous features like this occur on the grid which may also be indicating the presence of dike/vein swarms. This NW trend is evident on the air photos as late lineations which offset older E-W trending linears that parallel the regional fault trend.

Copper and Base Metals - North Claim Block

Two distinct anomaly types were identified including base metals and Rare earth elements. The most prominent is a Copper, Lead and Zinc east-west trending anomaly in the central portion of the grid with maximum values of 191 ppm Cu, 321 ppm Pb and 764 ppm Zn. This anomaly is 800 meters long and 50 to 100 meters in width and appears to follow the contact between quartzite/phyllite and a strongly foliated granite.

A Rare Earth element anomaly was located on the western portion of the grid with peaks of 1143 ppm LREE and 78 ppm HREE. The anomaly drapes around the nose of a foliated granite intrusion and is open to the west and also correlates to a Caesium s anomaly. Of particular interest are ENE trending anomalous trends for Zr, Nb and Th which have good continuity at 400 meters indicating a mineralized pegmatite or aplite dikes cutting both local granite and metasediments.

The Company plans to complete an IP survey in the next few weeks over the prime target areas of both claim blocks to assist in identifying drill locations. Further work is also planned to expand the sampling survey grid to further delineate the extent of previously identified soil anomalies.

Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.

About GreenLight Resources Inc.:

Lithium and Rare Metals Project - Brazil Lake

GreenLight Resources Inc. is a Canadian exploration company focused on the discovery and development of Lithium and rare metal deposits. The Company is currently focused on the 8,520 acre Brazil Lake property is located approximately 30 kilometres north of Yarmouth, Nova Scotia. Drilling to date has successfully revealed two Lithium bearing pegmatite dikes. In addition to Lithium, the dikes host several other rare metals such as tantalum, niobium, beryllium, tungsten tin and rubidium. Metallurgical bench testing to date has also revealed other potential economic targets, including cosmetic grade mica, silica chloride, aluminum chloride and rubidium enriched potassium feldspar.

Gold Project – Kemptville

The Company acquired a 5,080 acre high grade gold prospect located in one of Nova Scotia's historic gold mining districts. High grade gold was discovered on the property over 100 years ago and was produced primarily in the late 1800's from two underground mines, the Kempt and the Cowan. A recent IP survey conducted by Greenlight identified several anomalies which have been targeted for drilling. This was followed by an SGH (soil-gas-hydrocarbons) soil sampling survey carried out in order to discriminate between potentially auriferous and non auriferous IP highs and to identify the source area of the gold in till anomalies. A diamond drill program recently completed 8 holes and 2,068 meters as of April 26, 2011. Targets include coincident anomalies from the Company's recent IP survey and SGH soil sampling survey, which have been integrated into a 3D model utilized to identify the locations.

Rare Earth Element Project – Porcupine

The Company acquired a 100% undivided interest in the Porcupine-Upper Miramichi Rare Earth Property in New Brunswick. The primary target is the various rare earth elements (REE) that were discovered in soil samples on the property in 2007. Soil assays for REE's include Samarium (Sm), were reported with grades of up to 218 ppm (g/t) and Dysprosium (Dy) with grades of up to 98.6 ppm (g/t), Neodymium (Nd) with grades of up to 1190 ppm (g/t), Ytterbium (Yb) with grades of up to 31.3 ppm (g/t) and Yttrium (Y) with grades of up to 472 ppm (g/t). Reported assays for Heavy REE's include Terbium (Tb) with grades up to 20.3 ppm (g/t) and Ytterbium (Yb) with grades up to 31.3 ppm (g/t) while reported light rare earth metals include Cerium (Ce) with grades up to 459 ppm (g/t) and Lanthanum (La) with grades up to 1,300 ppm (g/t). The Company is currenlty conducting an initial mapping and prospecting program over the property.

Graphite Project - Golden Grove

The Company staked approximately 400 acres over the Golden Grove Graphite deposit located 24 kilometres northeast of Saint John, NB. The area has a history of high grade graphite mining as it was mined in this area between about 1880 and 1910. A Company review of the metallurgical potential of this deposit confirmed its economic potential. Current and planned production of high quality graphite is only a small fraction of the projected requirements of the battery and automotive industries which suggests that the price of high quality graphite will at least maintain its current price of approximately $2,400 per tonne, and possibly approach that of synthetic graphite which currently sells for in excess of $19,000 per tonne. Plans are underway to examine and sample the trenches and rock dumps to obtain samples of the high grade graphite to establish grain morphology. Sampling of the walls will also be undertaken to see if there is lower grade graphite between the high grade zones. Drill core from previous drill programs on the property are accessible and will be re-logged and sampled where necessary. Prospecting and mapping is also planned with a view to developing a larger tonnage deposit.

Silver and base metals – Keymet

GreenLight acquired a 100% interest in the Keymet property located 24 kilometres NNW of Bathurst, New Brunswick. The property covers 6,400 acres and is named after a small past producing mine located on the property which produced a total of 56,000 tons @ 0.25% Cu, 2.44% Pb, 2.59% Zn and 0.99 opt Ag between 1954 and 1956. a shaft was sunk to the 366 meter level with drifts established on the 45, 91, and 137 meter levels. Production ceased in 1956 when a fire destroyed the mine buildings. Based on historic geophysical and geochemical data, there is good evidence that a series of three and possibly four, parallel vein systems occur on the property. Exploration planned for the Keymet claim group will include re-establishment of the geochemical/geophysical grids and locating the historic anomalies on the ground. Confirmation of the soil anomalies with follow up trenching, where applicable and ultimately diamond drilling of the four proposed vein systems will be done during the upcoming exploration program.

On Behalf of the board of directors

Chris Anderson, CEO - President

Forward-looking statements relating to future events or future performance and reflecting GreenLight Resources management's expectations or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GreenLight Resources to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in GreenLight Resources interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although GreenLight Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on 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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