Greencastle Announces Grant of Stock Options

TORONTO, ONTARIO, Jul 09 (MARKET WIRE) --
Greencastle Resources Ltd. ("Greencastle," or the "Company,") (TSX
VENTURE: VGN) announces that options to purchase up to 1,000,000 common
shares of the Company have been granted to directors, officers and
consultants of the Company. The options are exercisable at $0.105 and are
exercisable until July 9, 2014.

The options are subject to regulatory approval.

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.

Contacts:
Greencastle Resources Ltd.
Anthony Roodenburg
CEO
(416) 367-4571

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