VGN Greencastle Resources Ltd

Greencastle Resources Ltd. (TSX VENTURE:VGN) ("Greencastle" or "the Company") is
pleased to announce the results of the Company's annual meeting of shareholders
held on May 29, 2014.


Mr. Michael Power was elected as a new member of the Greencastle board of
directors replacing Mr. James Borland, who did not stand for re-election. The
Company would like to thank Mr. Borland for his contributions and welcome Mr.
Power to the Company. In addition, the Company is pleased to announce the
re-election of Anthony Roodenburg, James Pirie and Chris Irwin as directors of
the Company.


Mr. Power brings nearly 50 years of extensive experience in the mining industry,
about half of this time with Noranda Mines including Hemlo Gold. He was Vice
President of Corporate Development and a Director of Moydow Mines International
Inc. from 1996 to 2010. He holds a Bachelor of Science degree from the
University of Toronto, is a Professional Engineer and also a Chartered Financial
Analyst. Mr. Power is currently a director of a number of public companies
including Minco Plc, SGX Resources Inc., San Gold Corporation, Conroy Gold and
Natural Resources P.l.c., and Great Lakes Nickel Limited. Shareholders of the
Company also reappointed McCarney Greenwood LLP as auditors of the Company for
the ensuing year.


For additional information, please visit www.greencastleresources.com.

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. 


This news release includes certain "forward-looking statements" within the
meaning of that phrase under Canadian securities laws. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward looking
statements that involve various degrees of risk. Forward-looking statements
reflect management's current views with respect to possible future events and
conditions and, by their nature, are based on management's beliefs and
assumptions and subject to known and unknown risks and uncertainties, both
general and specific to the Company. Although the Company believes the
expectations expressed in such forward-looking statements are reasonable, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in our forward-looking statements.
The following are important factors that could cause the Company's actual
results to differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of commodities, general
market conditions, risks inherent in exploration, risks associated with
development, construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital. Additional
information regarding the material factors and assumptions that were applied in
making these forward looking statements as well as the various risks and
uncertainties we face are described in greater detail in the "Risk Factors"
section of our annual and interim Management's Discussion and Analysis of our
financial results and other continuous disclosure documents and financial
statements we file with the Canadian securities regulatory authorities which are
available at www.sedar.com. The Company undertakes no obligation to update this
forward-looking information except as required by applicable law. The Company
relies on litigation protection for forward looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Greencastle Resources Ltd.
David MacMillan
Investor Relations
(416) 367-4571 ext. 226
dmacmillan@greencastleresources.com
www.greencastleresources.com

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