Greencastle Resources Ltd.

Greencastle is pleased to provide an update on the activities of both Greencastle and its subsidiary Deveron Resources Ltd. Deveron has completed all required work to earn a 100% interest in the Nechako property, subject to a 2% net smelter return royalty payable to the underlying vendor and a 1% net smelter return royalty payable to Greencastle. Assays are pending on rock, soil and silt samples collected late in 2012.