Green Swan Announces Results on Mikayla Survey

Green Swan Capital Corp. ("Green Swan") (TSX VENTURE:GSW) announces it has
received the results of an Aeroquest airborne geophysical survey completed on
its 100% owned Mikayla Property (the "Property").


The Property consists of 4 tenures of roughly 1,144 ha (2,827 acres), in the
Okanagan Valley in southeast British Columbia, roughly 15 km west-southwest of
Peachland and 15 km south of Xstrata Canada's Brenda Mine.  


"We are extremely pleased with these results," said Peter M. Clausi, Green
Swan's CEO. "Our goals were achieved. The numerous anomalies provide real
optimism that Mikayla is highly prospective. Phase 2 should begin as soon as
possible." 


A 1997 Induced Polarization (IP) survey conducted by a prior owner of these
tenures documented a large east-west anomaly, and as a result Green Swan
oriented its flight lines north-south. Green Swan's survey was an AeroTEM IV
time domain electromagnetic and magnetic, helicopter flown survey, completed
over 222.7 line km, with 100 m line spacing. Nominal clearance between terrain
and the geophysical bird was 30 m. 


Total Magnetic Intensity (TMI) results appear to document a subtle irregular
contact, extending from east-southeast to west-northwest, obliquely through the
centre of the Property. In general, low magnetic responses are located south of
this line, with a slightly higher magnetic response located north of this
possible contact. 


In addition, the TMI results document a number of broadly linear anomalies
having relatively sharp margins, which are tentatively interpreted to indicate
faults. One of these sharp, linear gradients lies on trend with the relatively
straight southeast shore of Tsuh Lake and relatively straight orientation of the
creek flowing out to the southwest. A number of such possible northwest -
southeast oriented faults appear to be truncated by a
west-northwest-east-northeast trending fault, which may define the subtle
geological contact. 


This round of exploration also included a ZOFF (electromagnetic) conductivity
survey, the results of which document a prominent anomaly. This anomaly is
interpreted to be a real bedrock source (as supported by the "K" (thicK)
designation assigned by Aeroquest). The anomaly is broadly coincident and
spatially overlaps the southwest flowing portion of Tsuh Creek, immediately
southwest of Tsuh Lake, and extends southwest well beyond a dramatic change in
direction for the watercourse at the approximate centre of the anomaly. The
broad, prominent EM anomaly is well-defined by multiple, broad peaks (also
assigned "K" designations) extending over multiple flight lines. 


This well-developed ZOFF anomaly is oriented at a high angle to both the TMI
results above and the IP anomaly reported in 1997. The anomaly is associated
with generally lower magnetic values within the weakly defined "magnetic high",
tentatively interpreted to suggest destruction (i.e. alteration) of magnetic
minerals (pyrrhotite and/or magnetite). 


Several, additional smaller clusters of anomalies are also evident and are
worthy of follow-up subsequent to compilation of existing surface data (soil
geochemistry, mapping) and limited sub-surface data (i.e. overburden and diamond
drilling). 


The transaction with Interactive Capital Partners Corporation, announced on
January 8, 2013, whereby Mikayla will be the basis for the Interactive Capital
Partners Corporation Qualifying Transaction, continues as planned.


The content of this news release has been reviewed by Rick Walker, B.Sc., M.Sc.,
P. Geo., a Qualified Person for the purposes of NI 43-101, with the ability and
authority to verify the authenticity and validity of the data herein.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Green Swan Capital Corp.
Peter M. Clausi
CEO
1-416-890-1232
pclausi@greenswancapital.com


Green Swan Capital Corp.
855 Brant St
Burlington, ON
L7R 2J6
Green Swan Capital Corp. (TSXV:GSW)
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