Greenock Resources: Corporate Update

Greenock Resources Inc. (TSX VENTURE:GKR) ("Greenock") announces it continues to
evaluate strategic options to advance the Needles gold / silver property in
Nevada. Fieldwork based on the NI 43-101 exploration plan is dependent of
finalizing financing and / or completing joint venture arrangements.


The recent general market weakness in the small cap mineral development sector
has resulted in a number of high quality properties that may become available.
Greenock is reviewing Canadian flow through eligible mineral properties may be
added to the corporate portfolio.


Greenock has received no interest and quit claim fees based on a rationalization
of dormant and expired minority joint venture agreements for properties in
Northern Ontario. The company continues to reduce general and administrative
expenses and evaluate corporate plans.


ABOUT GREENOCK

Greenock Resources Inc. is a Canadian based international mineral development
company that focuses on developing a portfolio of natural resource properties.
Shares outstanding: 33,139,470.


Greenock holds a 100% interest in the Needles gold / silver property located in
the Arrowhead mining district of Nye County, Nevada. The property is
approximately 40 miles southeast of the Barrick - Kinross Round Mountain Gold
Mine. The Needles property has had historical underground mining for gold and
silver in the early 1920s.


This press release includes certain "Forward-Looking Statements" within the
meaning of applicable securities laws. 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". Michael Newbury, P.Eng., is the qualified person who has reviewed
this material on behalf of the Company. All dollar amounts are noted in Canadian
dollars unless otherwise stated in this release.

Greenock Resources (TSXV:GKR)
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