Green Swan Capital Corp. Announces Closing of Financing

Green Swan Capital Corp. (TSX VENTURE:GSW) announces a revision to the closing
of a non-brokered common share financing.


Green Swan Capital Corp. ("GSC") announced today that it has completed the
closing of a private offering of CDN$261,440 by way of two non-brokered private
placements (the "Offerings").


Details of the Offerings are as follows:



i.  a gross aggregate amount of $59,000 by the sale of 590,000 equity units
    (the "Units") of GSC at a price of CDN $0.10 per Unit. Each Unit shall
    consist of one (1) common share of GSC (the "Common Share") and one-half
    (1/2) warrant to purchase an additional Common Share at a price of $0.15
    (the "Warrant") for a period of eighteen (18) months from the date of
    closing (the "Warrant Expiry Date"). In the event that the closing price
    of the Common Shares as quoted by the primary exchange upon which the
    Common Shares trade or are quoted is equal to or greater than $0.30 for
    a period of twenty (20) consecutive trading days, then the Warrant
    Expiry Date shall be the earlier of thirty (30) calendar days after the
    end of such 20-day trading period and the Warrant Expiry Date, without
    further notice or action being required by or of the Corporation, and if
    any Warrants remain unexercised as of the accelerated warrant expiry
    date (the "Accelerated Warrant Expiry Date") such unexercised Warrants
    shall expire and the owner of such expired Warrants shall have no right
    to exercise such expired warrants; and 
    
ii. a gross aggregate amount of $202,440 by the sale of 1,687,000 flow-
    through units of GSC (the "Flow-Through Units") at a price of CDN $0.12
    per Flow-Through Unit. Each Flow-Through Unit consists of one (1) Common
    Share of GSC (the "Flow-Through Common Share") and one-half (1/2)
    warrant to purchase an additional Flow-Through Common Share at a price
    of $0.15 (the "Warrant") for a period of eighteen (18) months from the
    date of the Subscription Agreement (the "Warrant Expiry Date"). In the
    event that the closing price of the Flow-Through Common Shares as quoted
    by the primary exchange upon which the Flow-Through Common Shares trade
    or are quoted is equal to or greater than $0.30 for a period of twenty
    (20) consecutive trading days, then the Warrant Expiry Date shall be the
    earlier of thirty (30) calendar days after the end of such 20-day
    trading period and the Warrant Expiry Date, without further notice or
    action being required by or of the Corporation, and if any Warrants
    remain unexercised as of the accelerated warrant expiry date (the
    "Accelerated Warrant Expiry Date") such unexercised Warrants shall
    expire and the owner of such expired Warrants shall have no right to
    exercise such expired warrants. 



Compensation

Compensation with respect to the Offering was paid to registrants who
participated in the financing. Those registrants were paid a cash commission of
7% and were issued broker warrants equal to 7% of the units they contributed to
the financing. This resulted in cash commissions of $15,151 and 127,890 broker
warrants being issued to participating registrants. The broker warrants have the
same characteristics as the Warrants.


The proceeds of the Offerings will be used to advance the exploration on its
exploration properties and for general working capital purposes.


Forward Looking Statements

This news release contains certain statements that constitute forward-looking
statements as they relate to the Company and its management. Forward-looking
statements are not historical facts but represent management's current
expectations of future events, and can be identified by words such as "believe",
"expects", "will", "intends", "plans", "projects", "anticipates", "estimates",
"continues", and similar expressions. Although mana gement believes that
expectations represented in such forward-looking statements are reasonable,
there can be no assurance that they will prove to be correct.


By their nature, forward-looking statements include assumptions and are subject
to inherent risks and uncertainties that could cause actual future results,
conditions, actions or events to differ materially from those in the
forward-looking statements. If and when forward-looking statements are set out
in this news release, GSC will also set out the material risk factors or
assumptions used to develop the forward-looking statements. Except as expressly
required by applicable securities laws, the Company assumes no obligation to
update or revise any forward-looking statements. The future outcomes that relate
to forward-looking statements may be influenced by many factors, including, but
not limited to: reliance on key personnel; risks of future legal proceedings;
income tax matters; availability and terms of financing; distribution of
securities; effect of market interest rates on price of securities, and
potential dilution.


About Green Swan Capital Corp.

Green Swan Capital Corp. is a Canadian mineral exploration company primarily
engaged in the business of acquiring, exploring and dealing in mineral
properties in Canada.


On Behalf of the Board of Directors 

GREEN SWAN CAPITAL CORP.

Peter M. Clausi President, CEO and Director
Green Swan Capital Corp. (TSXV:GSW)
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