Greenock Resources: Share Consolidation

Greenock Resources Inc. (TSX VENTURE:GKR) ("Greenock") announces it will be
proceeding with a 30 to 1 share consolidation in order to allow future financing
and acquisitions to be completed at a share price in excess of $0.05 per share
as required by TSXV policy. The share consolidation was approved by shareholders
at the Annual General and Special Meeting of December 11, 2013. To complete
these steps in a cost effective manner, Greenock is moving to the NEX exchange
to reduce administrative expenses charged by the TMX Group. Apart for reduced
administrative costs on NEX, Greenock has maintained all its TSXV Tier 2 listing
requirements.


Greenock continues to move forward with the company's mineral exploration and
development mandate including finalizing a joint venture with Precious Metal
Investment Ltd. ("PMI") of NSW Australia, as announced on November 15, 2013, for
the Needles gold and silver property in Nevada. As part of this transaction, PMI
is to receive 1,000,000 shares of Greenock which on a consolidated basis will
now be 33,334 shares.


Greenock announces the technical studies for the Kakanda project in the
Democratic Republic of Congo may be difficult to monetize in the near term as
Eurasian Natural Resources Corporation PLC of London UK has indicated that it
will not be proceeding with any transactions or activity with Kakanda at this
time. The Kakanda title history and technical studies owned by the Greenock
subsidiary PTM Minerals (Cayman) Ltd. are believed to have significant longer
term value for any company that moves forward to develop Kakanda. The original
total cost of the Kakanda technical studies dating back to 1997 have been
approximately US $15 million.


ABOUT GREENOCK

Greenock Resources Inc. is a Canadian based international mineral development
company that focuses on developing a portfolio of natural resource properties.


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 1920's.


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.


Neither the 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: 
Greenock Resources Inc.
James S. Hershaw
CFO & Vice President, Corporate Development
(416) 603.7200
(416) 603.9200 (FAX)
jshershaw@greenockresources.com


Greenock Resources Inc.
80 Richmond Street West, Suite 1101
Toronto, Ontario, M5H2A4
www.greenockresources.com

Greenock Resources (TSXV:GKR)
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