Green Swan Options Riverbank and Broke Back

Green Swan Capital Corp. ("Green Swan") (TSX VENTURE:GSW) announces that it has
optioned (the "Transaction") its rights to its Riverbank and Broke Back
properties (the "Properties") in Ontario's Ring of Fire to a private British
Columbia company (the "Optionee"), in a transaction valued at a minimum of
$300,000, with additional consideration to flow to Green Swan in certain
circumstances. The completion of the Transaction is subject to certain
conditions and the approval of the TSX Venture Exchange. 


The Properties 

The Properties are located in the James Bay Lowlands, Ontario in the highly
prospective Ring of Fire. They consist of 69 unpatented claims covering
approximately 14,784 hectares (36,532 acres). Broke Back is located
approximately 10 kilometres north of Noront Resources Ltd.'s "Eagle's Nest", and
is contiguous with some of Noront's claims. Claims belonging to Cliffs Natural
Resources Inc. are located approximately 10 kilometres southeast of Broke Back.
Riverbank is located within a major regional gravity anomaly.


The Green Swan Option 

Green Swan is the optionee of the Properties pursuant to an agreement dated
August 18, 2011, amended December 16, 2011 (the "Green Swan Option"). The title
holder to the Properties is Melkior Resources Inc. Under the Green Swan Option,
Green Swan has the right to earn up to a 70% interest in the Properties. 


Under the existing Green Swan Option, Green Swan can acquire an initial 51%
undivided interest in the Properties by incurring a minimum of $1,600,000 in
work expenditures on the Properties by no later than December 31, 2014.
Following that, should Melkior not elect to form a joint venture on the
Properties, Green Swan will have the option to acquire an additional 19%
interest (for a total 70% undivided interest in the Properties) by incurring an
additional $1,000,000 in work expenditures on the Properties within twenty-four
(24) months.


The Transaction 

The Optionee has agreed to acquire all of Green Swan's interest in the Green
Swan Option, conditional upon the Optionee effecting a private financing of
$500,000 and an initial public offering ("IPO") with gross proceeds of at least
$650,000. The IPO is to be effected by the Optionee at no less than ten cents
per share. 


As consideration for the Transaction, and coincident with the closing of the
IPO, the Optionee will issue to Green Swan three million common shares in the
Optionee's capital, at a price per share equal to the IPO price. This would
value the Green Swan Option at $300,000. The Optionee will further issue to
Green Swan one million common share purchase warrants having a 24 month term and
an exercise price of twenty cents per warrant. 


Green Swan will undertake to complete work expenditures ("Work") on the
Properties of not less than $235,000 prior to December 14, 2012, failing which
the three million shares will be cancelled. 


If Green Swan does complete the Work prior to December 14, 2012, then the
Optionee shall issue to Green Swan additional Optionee common shares, in an
amount equal to (the dollar amount of Work divided by 110% of the Market Price
for Optionee's common shares on December 14, 2012), provided that the
denominator as so calculated may not be less than 11.75 cents. Under this
formula, Green Swan will be issued a maximum further 2,000,000 common shares of
Optionee. 


The Optionee is at arm's length to Green Swan and to Melkior. It is intended
that the Transaction shall require no input or contribution of any kind from
Melkior except for what is already included in the Green Swan Option, and except
for Melkior's consent which has already been received. 


Coincident with the closing of the IPO, Green Swan shall have the right to
appoint three qualified persons to the Optionee's board of directors, which
board shall at that time consist of 7 members. 


"This agreement provides two valuable advantages to Green Swan," said Peter M.
Clausi, Green Swan's Chief Executive Officer. "First, it monetizes the Green
Swan Option to the benefit of Green Swan's shareholders, and second, it allows
management to focus on the growth strategy in British Columbia's Golden Triangle
while maintaining a footprint in the renowned Ring of Fire."


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". GSW has 17,145,417 shares
outstanding.


To receive Green Swan news by email contact shairoz@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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