VGN Greencastle Resources Ltd

Greencastle Resources Ltd. ("Greencastle" or the "Company") (TSX VENTURE:VGN)
acknowledges the announcement made on August 19, 2013 by Zara Resources Inc.
("Zara") of its intention to make an unsolicited offer to purchase 100% of the
issued share capital of Greencastle, Visible Gold Mines Inc. and Altai Resources
Inc.


As of the date of this news release, the Company has had no discussions with
Zara and the Company has not received any communications with any details or
other information regarding the intended Zara offer. As a result, the Company is
currently reviewing and evaluating the announcement with its financial and legal
advisors. A special committee of the Board of Directors of the Company will be
appointed to assist the Board in considering the announcement as well as any
formal offer actually made in order to maximize value for the benefit of
Greencastle's shareholders and other stakeholders. 


The Company recommends that shareholders defer taking any action in respect of
the possible Zara offer until shareholders have received further communication
from the Board of Directors of the Company. In the event that an actual offer is
made, the Board of Directors of Greencastle will issue a directors' circular
concerning the actual offer. The directors' circular will contain important
information including the determination of the Board of Directors of Greencastle
with respect to a recommendation to Greencastle shareholders.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Greencastle Resources Ltd.
Investor Relations
(416) 367-4571 x 233
www.greencastleresources.com

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