Green Swan Capital Corp. Announces Status of Qualifying Transaction

OTTAWA, ONTARIO, Jul 10 (MARKET WIRE) --
GREEN SWAN CAPITAL CORP. (TSX VENTURE: GSW.P) ("Green Swan" or the
"Company"), listed on the TSX Venture Exchange Inc. (the "TSXV") under
the trading symbol "GSW.P", has previously disclosed the refundable
deposit in the amount of $25,000, and a loan in the principal amount of
$225,000 (collectively, the "Loan") provided to SportsClick Inc.
("SportsClick") pursuant to an agreement in principle by which
SportsClick would purchase all of the issued and outstanding shares of
Green Swan (the "Proposed Transaction").

The Board of Green Swan has recently learned that BMO Bank of Montreal
has issued a notice of intent under the Bankruptcy and Insolvency Act to
enforce its security on the property of SportsClick. This notice and any
proceedings that follow may put Green Swan's Loan at risk.

The Board of Green Swan is actively investigating its options and the
prospects of the Proposed Transaction and is engaged in ongoing
discussions with SportsClick on these matters.

Information About Green Swan Capital Corp.

Green Swan is a capital pool company which was listed on the TSXV on
October 7, 2008, following the completion of its initial public offering
of $400,000, including $104,000 raised from founders, Benoit Robitaille
(Chief Executive Officer and Director), Chris Skaarup (Director), Morgan
Cowl (Director), Dan Hilton (Chief Financial Officer and Director), Sean
Caulfeild (Corporate Secretary and Director) and Stephan May (Director).
Copies of Green Swan's documents may be obtained electronically from the
SEDAR system at www.sedar.com.

Green Swan is listed on the TSX Venture Exchange under the symbol "GSW.P".

Except for the historical and present factual information contained
herein, the matters set forth in this news release, including words such
as "expects", "projects", "plans", "anticipates" and similar expressions,
are forward-looking information that represents management of Green
Swan's internal projections, expectations or beliefs concerning, among
other things, future operating results and various components thereof or
the economic performance of Green Swan. The projections, estimates and
beliefs contained in such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause Green Swan's
actual performance and financial results in future periods to differ
materially from any projections of future performance or results
expressed or implied by such forward-looking statements. These risks and
uncertainties include, among other things, those described in Green
Swan's filings with the Canadian securities authorities. Accordingly,
holders of Green Swan shares and potential investors are cautioned that
events or circumstances could cause results to differ materially from
those predicted. Green Swan disclaims any responsibility to update these
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.

Completion of the transaction is subject to a number of conditions,
including but not limited to, Exchange acceptance and if applicable
pursuant to Exchange Requirements, majority of the minority shareholder
approval. Where applicable, the transaction cannot close until the
required shareholder approval is obtained. There can be no assurance that
the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management
information circular or filing statement to be prepared in connection
with the transaction, any information released or received with respect
to the transaction may not be accurate or complete and should not be
relied upon. Trading in the securities of a capital pool company should
be considered highly speculative.

The TSX Venture Exchange Inc. has
in no way passed upon the merits of the proposed transaction and has
neither approved nor disapproved the contents of this press release.

Contacts:
Green Swan Capital Corp.
Ben Robitaille
CEO
(613) 254-5656
ben@greenswancapital.com
www.Greenswancapital.com

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