Greenock Resources: Australian Assets

Greenock Resources Inc. (TSX VENTURE:GKR) ("Greenock") announces it has entered
into an agreement to sell 100% of its wholly owned subsidiary, Renaissance
Corporation Pty Ltd., for $218,565.49.


Greenock has entered into this transaction with Mr. Mike Newbury, an officer and
director of Greenock, and Porphyry Inc., a private company controlled by Mr.
Newbury. The purchase price includes the settlement of previous loans made to
Greenock by the purchasers and a cash payment. Mr. Newbury abstained from voting
on this transaction at the Greenock level.


This transaction remains subject to the approval of the TSX Venture Exchange.

This press release includes certain "Forward-Looking Statements" within the
meaning of the US Private Securities Reform Act of 1995. Other than statements
of historical fact, all statements are "Forward-Looking Statements" that involve
such various known and unknown risks, uncertainties and other factors. There can
be no assurance that such statements will prove accurate. Results and future
events could differ materially from those anticipated in such statements.
Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements". All dollar amounts are noted in Canadian dollars
unless otherwise stated in this release.

Greenock Resources (TSXV:GKR)
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