Greencastle Resources Ltd. Gold Exploration Battle Mountain Trend, Nevada Oil Royalty = Cash Flow...

Greencastle Resources Greencastle Resources Ltd.Ltd.

Gold Exploration Gold Exploration Battle Mountain Trend, Battle Mountain Trend,

Nevada Nevada Oil Royalty = Cash FlowOil Royalty = Cash Flow

TSX Venture Exchange symbol TSX Venture Exchange symbol “VGN”“VGN”

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.2009 Business Plan2009 Business Plan

► Gold Exploration:Gold Exploration: Strategic asset review to unlock value of Greencastle’s four wholly owned Strategic asset review to unlock value of Greencastle’s four wholly owned

gold projects on the Battle Mtn. Trend, Nevadagold projects on the Battle Mtn. Trend, Nevada

► Oil Royalty:Oil Royalty: Three potential infill locations for 2009Three potential infill locations for 2009 All exploration and development funded by Enterra Energy TSX: ENT.UNAll exploration and development funded by Enterra Energy TSX: ENT.UN Greencastle holds a gross overriding royalty on all productionGreencastle holds a gross overriding royalty on all production

► Cash FlowsCash Flows Positive net earnings in 2006, 2007 and 2008Positive net earnings in 2006, 2007 and 2008 Expected positive cash flow in 2009 based on modest oil price recovery Expected positive cash flow in 2009 based on modest oil price recovery

assumptionsassumptions

► Business Development:Business Development: Possible asset restructuring to unlock value as Greencastle's common Possible asset restructuring to unlock value as Greencastle's common

shares trade below cash value (as of Feb. 19, 2009)shares trade below cash value (as of Feb. 19, 2009) Continuing to evaluate additional opportunities with an emphasis on gold Continuing to evaluate additional opportunities with an emphasis on gold

projectsprojects


Greencastle Resources Ltd.Greencastle Resources Ltd.

► TSX Venture Exchange Symbol “VGN”TSX Venture Exchange Symbol “VGN”

► Common shares issuedCommon shares issued►Basic 44,500,000 Basic 44,500,000 ►Fully Diluted Fully Diluted 50,000,00050,000,000

► Cash and Marketable SecuritiesCash and Marketable Securities►Basic $5,500,000Basic $5,500,000►Fully Diluted $6,300,000Fully Diluted $6,300,000

February 2009February 2009



► Management and DirectorsManagement and Directors

Anthony Roodenburg, Director and CEOAnthony Roodenburg, Director and CEO 18+ yrs corp. development and investment 18+ yrs corp. development and investment

industryindustry

Dr. James Pirie, Director and PresidentDr. James Pirie, Director and President 40+ yrs global mineral exploration40+ yrs global mineral exploration

Richard Zakaib, Director and ChairmanRichard Zakaib, Director and Chairman 20+ yrs global business development20+ yrs global business development

Eric Lowy, DirectorEric Lowy, Director Securities lawyer, TorontoSecurities lawyer, Toronto



► Four Active Gold Exploration Projects, NevadaFour Active Gold Exploration Projects, Nevada Battle Mountain Trend – Pipeline/Cortez Hills to Battle Mountain Trend – Pipeline/Cortez Hills to

Eureka, Eureka, Indian Creek, Coal Canyon, Kobeh, Indian Creek, Coal Canyon, Kobeh, Jewel RidgeJewel Ridge

► Positive Cash FlowPositive Cash Flow Oil and gas discoveries in Saskatchewan converted Oil and gas discoveries in Saskatchewan converted

to a royaltyto a royalty Positive net earnings in 2006, 207, 2009Positive net earnings in 2006, 207, 2009

► Business DevelopmentBusiness Development New projects focusing on gold in 2009New projects focusing on gold in 2009


Property Property LocationsLocations

Battle Battle Mountain Mountain

TrendTrend Nevada Nevada

Indian Creek

KobehCoal Canyon

Jewel Ridge

Oregon Idaho

Utah

Arizona

California

Cortez Area


Co

rtez

Tren

d

Co

rtez

Tren

d

Battle M

ountain-Eureka

Mineral Trend

Indian Creek

Kobeh

Coal Canyon

Jewel Ridge

Gold Deposits and Gold Deposits and Greencastle Projects, Greencastle Projects,

Battle Mountain Battle Mountain Trend NevadaTrend Nevada


Location Location Jewel Ridge PropertyJewel Ridge Property

Nevada Nevada

Adjoins Barrick Ruby Hill Adjoins Barrick Ruby Hill Property where 1 million Property where 1 million

ounce Au resource ounce Au resource commenced production commenced production

Feb 2007Feb 2007

Straddles Straddles structural/stratigraphic structural/stratigraphic trend hosting low grade trend hosting low grade Au-Ag deposits to south Au-Ag deposits to south

and and Ag-Au-Pb-Zn deposits to Ag-Au-Pb-Zn deposits to

northnorth

Staccato adjoins southern Staccato adjoins southern property boundaryproperty boundary


General GeologyGeneral GeologyJewel Ridge Jewel Ridge

PropertyProperty Nevada Nevada

22 RC holes on 4 target 22 RC holes on 4 target areasareas

40 metres 2.1 g/t Au in 40 metres 2.1 g/t Au in Hamburg mine areaHamburg mine area

Drill program planned Drill program planned for Spring 2007for Spring 2007



►Saskatchewan Oil and GasSaskatchewan Oil and Gas

Royalty Agreements in place Greencastle oil discovery at Primate (2003/4) Currently 11 producing wells operated by Enterra TSX:

ENT.UN Gas discovery on Primate North by Sphere Royalty income commenced in Q2 2005 Royalty income expected to approach $3,000,000 in 2008 Three infill wells proposed for 2009 Greencastle 100% carried


Primate Wells

Primate Oil Wells, Primate Oil Wells, SaskatchewanSaskatchewan


Greencastle 10 Year Stock ChartGreencastle 10 Year Stock Chart

Shares have never been cheaper relative to book valueShares have never been cheaper relative to book value Trading below cash for the first time in the Company’s historyTrading below cash for the first time in the Company’s history Stock has a history of dramatic upside spikes on good volumeStock has a history of dramatic upside spikes on good volume Gold price and Battle Mtn trend news will be the catalysts for 2009Gold price and Battle Mtn trend news will be the catalysts for 2009 Potential for new gold projectsPotential for new gold projects

Greencastle Resources Ltd. Gold Exploration Battle Mountain Trend, Nevada Oil Royalty = Cash Flow...

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