GREENCASTLE Resources Ltd. Toronto
ON. TSX.V : VGN, is a diversified resource exploration company with interests in mineral exploration and oil and gas exploration and development.

Greencastle receives monthly cash flow from a royalty on the Primate oil field in Saskatchewan where the Company made a discovery late in 2003 and subsequently sold the development rights and retains a 15% sliding scale gross overriding royalty.

On the strength of this royalty Greencastle has reported positive cash flow for the past 10 quarters as of the end of Q1, 2008.

In June 12, 2008, the Company applied for an oil and gas exploration permit in the St. Lawrence Lowlands of Quebec.

The permit covers approximately 6,000 hectares in the Longueil area, east of Montreal, to the southwest along the trend from the recent gas discovery in the Utica shale by Forest Oil Corporation (NYSE: FST).

GREENCASTLE is also an active gold exploration company with four projects on the prolific Battle Mtn. trend in Nevada and one in the Republic of Niger, West Africa that is currently under option to Orezone Resources Inc. Greencastle's gold exploration assets are all owned 100% or under option to third parties and have total annual carrying costs of less than $100,000.

All underlying work commitments have been met and there are no future work requirements allowing the Company time to determine how best to leverage these assets.

Nevada gold properties

Greencastle's Nevada gold properties are located on the Battle Mountain - Eureka mineral trend of Carlin-type gold deposits in Nevada.

One of the most prolific gold trends in the world, this highly productive regional trend hosts multi-million ounce gold deposits such as Placer’s Pipeline deposit and its recent nearby discovery at Cortez Hills.

Saskatchewan oil and gas properties

The Saskatchewan oil and gas properties consist of one heavy oil prospect and two off-setting gas prospects in West Central Saskatchewan. The targets are close to existing production and infrastructure.

In late 2003 and early 2004 Greencastle conducted exploration drilling on two of the prospects. One was determined to be dry and has been written off the other became the Primate heavy oil discovery well.

In December of 2004, Greencastle entered into a Seismic Option Agreement with Trigger Resources Ltd. ("Trigger") to continue development of the Primate field. Under the terms of the Agreement, Trigger can earn 100% of Greencastle's interest by drilling and casing a test well in any land spacing unit, subject to Greencastle retaining a sliding scale royalty on any production.

In addition, Greencastle entered into a Farmout Agreement with Sphere Energy Corp.

("Sphere") whereby Sphere agreed to drill a test well on the North Primate property

Sphere can earn 100% of Greencastle's interest, subject to Greencastle retaining a sliding scale royalty on any production.

Both Primate and North Primate have been successful development projects and they now contribute a substantial amount of cash flow for Greencastle. Please see the company's financial statements and Management Discussion and Analysis for more detailed information.

Vistior Capital Ltd

Through a series of public transactions, Greencastle has acquired 362,000 common shares of Vistior Capital Ltd. TSX.V : VCL.P; representing 12% of the basic issued and outstanding common shares of Vistior.

These transactions were made for investment purposes, and Greencastle may increase or decrease its investment in Vistior, depending on market conditions or any other relevant factor through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise. http://www.vistiorcapital.com/