Green Swan Continues With Acquisition Strategy in Southeastern British Columbia

Green Swan Capital Corp. ("Green Swan") (TSX VENTURE:GSW) today announced it has
agreed to purchase a package of six non-contiguous mining tenures in
southeastern British Columbia. These tenures cover 1722 hectares.


"These tenures fit within Green's Swan's stated strategy of building a portfolio
of high quality Canadian mining assets," said Peter M. Clausi, Green Swan's CEO.
"In addition to its two properties in Ontario's Ring of Fire and fourteen
tenures in northern British Columbia's Golden Triangle, Green Swan on closing
will acquire a significant footprint in southeastern B.C." 


The Agreement 

Subject to a Net Smelter Royalty, Green Swan has purchased a 100% interest in
these tenures from arm's length persons in consideration of the issuance of
300,000 shares (at an agreed price of $0.20 per share), and $18,588 cash. The
Net Smelter Royalty is equal to two point five per cent, half of which may be
purchased at Green Swan's option at any time for $1,000,000, and which is
subject to adjustment in the event of certain corporate activities. The closing
of this acquisition is subject to the approval of the TSX Venture Exchange.


Mikayla

The 519 ha Mikayla property is in the Okanagan Valley, roughly 15 km south of
Xstrata Canada's Brenda Mine. This mine was a low grade open pit in production
from 1970 to 1990, when it produced 278,000 tonnes of copper and 66,000 tonnes
of molybdenum in concentrate form. 


Mikayla is immediately adjacent to Almaden Minerals Ltd.'s Munro Lake property.
Almaden has made public disclosure that a large IP anomaly underlies its Munro
Lake property, on which Almaden has drilled 12 diamond drill holes. Included in
Almaden's results was a 14.8 metre interval in hole 96-3 that averaged 0.10%
molybdenum, 0.05% copper and 15.1 g/t silver. 


Mikayla is 4.5 km north of Crowrea (Molycor Gold Corp. / Goldrea Resources Corp.
joint venture) and approximately 9 km northeast of Empress (Molycor / Goldrea).
Both are molybdenum properties. Molycor announced in 2009 that the Empress
deposit remains open to the northeast.


Tat and Chess

Tat (398 ha) and Chess (285 ha) are located west of Fraser Lake and 8 km north
of Thompson Creek Mining Ltd.'s Endako Mine, British Columbia's only active
molybdenum mine. Tat and Chess are also close to the Kitsault Molybdenum Project
held by Avanti Mining Inc., which was in production until 1982 and which Avanti
is evaluating to re-open.


Champion

The North Thompson River Fault is a brittle fault separating basement exposures
in the Malton Range to the east, from Proterozoic metasediments in the Cariboo
Mountains to the west. The 157 ha Champion property is located south of
Valemount along the Yellowhead Highway, at a location believed to be at a very
pronounced deflection of this North Thompson River Fault.


Punch Bowl

Punch Bowl (118 ha) is located near the Athabasca Pass on the British Columbia
side of the provincial border with Alberta, south of Jasper. Punch Bowl is
proximate to the Chatter Creek Thrust. Brittle quartzites correlated to the
Cambrian Gog Group lie in the hanging wall of this Chatter Creek Thrust. B.C.
MINFILE 083D 038 covers pertinent relevant technical information for Punch Bowl.


McRae

McRae (245 ha) is located within highly deformed (folded and faulted) Lardeau
Group strata, the same stratigraphic succession that hosts the Trout Lake
metallogenic belts to the east and southeast. The northern extent of the Trout
Lake Belt, 19 km east of McRae, hosts numerous occurrences of high grade
silver-bearing, base metal veins. The Teddy Glacier Property (Jazz Resources
Inc.) is located approximately 12 km to the east-northeast of McRae. Five
samples of mineralization collected in 2004 from Teddy Glacier grade from 0.082
to 1.88 oz/ton gold, 7.23 to 22.9 oz/ton silver, 8.86% to 27.5% lead, and 5.11%
to 22.1% zinc.


About Green Swan Capital Corp. 

Green Swan is engaged in the exploration and, if warranted, development and
mining of its properties as well as the acquisition, exploration and potential
development of other mineral resource properties. Green Swan communicates with
its shareholders and the investing public directly and with the assistance of
CHF Investor Relations. The common shares of Green Swan are listed on the TSX
Venture Exchange under the trading symbol "GSW". Pending closing of the
transactions contemplated above, GSW has 16,791,417 shares outstanding. 


To receive Green Swan news by email contact stephanie@chfir.com with "Green Swan
News" in the subject line. 


Forward-Looking Statements 

This news release may include statements about expected future events and/or
financial results that are forward-looking in nature and subject to risks and
uncertainties. Green Swan cautions that actual performance will be affected by a
number of factors, many of which are beyond its control. Future events and
results may vary substantially from what Green Swan currently foresees.
Discussion of the various factors that may affect future results is contained in
Green Swan's recent filings, available on SEDAR. Green Swan assumes no liability
for repeating or referring to any facts, statements, releases, data or reports
disseminated by any other issuer. Any reference to any other issuer should be
cross-checked for accuracy and context by the reader.
Green Swan Capital Corp. (TSXV:GSW)
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