Greencastle Resources Ltd.: Unsolicited Offer by Zara Cease-Traded

Greencastle Resources Ltd. ("Greencastle" or the "Company") (TSX VENTURE:VGN) is
pleased to announce that the Quebec Bureau de Decision et de Revision has issued
a cease-trade order against the unsolicited offer by Zara Resources Inc.
("Zara") to purchase all of the issued and outstanding common shares of
Greencastle, Visible Gold Mines Inc. ("Visible") and Altai Resources Inc.
("Altai").


The decision was in response to an application filed on September 6, 2013, by
Greencastle, Visible and Altai which cited major irregularities and deficiencies
in the unsolicited offer by Zara. Following a hearing held on Wednesday,
September 11, 2013, the Bureau rendered its decision, cease-trading the offer,
on Friday, September 13, 2013. In rendering its decision, the Bureau found,
among other things, that: (i) Zara did not comply with material aspects of
applicable securities laws; (ii) the Zara circular was deficient; and (iii)
shareholders of the three companies could not make an informed decision with
respect to the offer due to the incomplete and erroneous information contained
in the Zara circular.


As a result of the cease-trade order, Zara cannot take-up any shares of
Greencastle, if any, that may have been tendered in connection with Zara's
offer. Shareholders should NOT tender their shares to the offer. The offer has
been cease-traded by regulatory authorities. Those who have tendered shares of
Greencastle to the Zara offer should withdraw their shares.


The Bureau's decision also provides that Zara and its agents stop from
soliciting, or communicating with, in any manner whatsoever, the shareholders of
the Company in connection with the Zara offer, until such time as Zara has
translated its offer documents into French, amended and corrected the offer
documents, and staff of the Autorite des Marches Financiers is satisfied with
the amended and corrected disclosure.


Chris Irwin, Chair of the independent Special Committee of the Company said, "We
are satisfied with the decision of the Bureau in cease-trading Zara's offer. Our
initial review of the offer documents gave the committee grave concerns with
respect to the accuracy of the information contained in the documents and the
bureau's decision confirmed our concerns. In the end, the decision protects our
shareholders against what we thought was a very misleading offer."


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Greencastle Resources Ltd.
Anthony Roodenburg
CEO
(416) 367-4571 x 233
www.greencastleresources.com


Greencastle's Information Agent
Laurel Hill Advisory Group
1-877-452-7184

Greencastle Resources (TSXV:VGN)
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