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Greencastle Resources Ltd.

Greencastle Resources Ltd. Gold Exploration Battle Mountain Trend, Nevada Oil Royalty = Cash Flow TSX Venture Exchange symbol “VGN”. Greencastle Resources Ltd. 2009 Business Plan. Gold Exploration:

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Greencastle Resources Ltd.

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  1. Greencastle Resources Ltd. Gold Exploration Battle Mountain Trend, Nevada Oil Royalty = Cash Flow TSX Venture Exchange symbol “VGN”

  2. Greencastle Resources Ltd.2009 Business Plan • Gold Exploration: • Strategic asset review to unlock value of Greencastle’s four wholly owned gold projects on the Battle Mtn. Trend, Nevada • Oil Royalty: • Three potential infill locations for 2009 • All exploration and development funded by Enterra Energy TSX: ENT.UN • Greencastle holds a gross overriding royalty on all production • Cash Flows • Positive net earnings in 2006, 2007 and 2008 • Expected positive cash flow in 2009 based on modest oil price recovery assumptions • Business Development: • Possible asset restructuring to unlock value as Greencastle's common shares trade below cash value (as of Feb. 19, 2009) • Continuing to evaluate additional opportunities with an emphasis on gold projects

  3. Greencastle Resources Ltd. • TSX Venture Exchange Symbol “VGN” • Common shares issued • Basic 44,500,000 • Fully Diluted 50,000,000 • Cash and Marketable Securities • Basic $5,500,000 • Fully Diluted $6,300,000 February 2009

  4. Management and Directors Anthony Roodenburg, Director and CEO 18+ yrs corp. development and investment industry Dr. James Pirie, Director and President 40+ yrs global mineral exploration Richard Zakaib, Director and Chairman 20+ yrs global business development Eric Lowy, Director Securities lawyer, Toronto Greencastle Resources Ltd.

  5. Greencastle Resources Ltd. • Four Active Gold Exploration Projects, Nevada • Battle Mountain Trend – Pipeline/Cortez Hills to Eureka, Indian Creek, Coal Canyon, Kobeh, Jewel Ridge • Positive Cash Flow • Oil and gas discoveries in Saskatchewan converted to a royalty • Positive net earnings in 2006, 207, 2009 • Business Development • New projects focusing on gold in 2009

  6. Property LocationsBattle Mountain Trend Nevada Idaho Oregon Utah Indian Creek Cortez Area Coal Canyon Kobeh Jewel Ridge Arizona California

  7. Gold Deposits and Greencastle Projects, Battle Mountain Trend Nevada Cortez Trend Battle Mountain-Eureka Mineral Trend Indian Creek Coal Canyon Kobeh Cortez Trend Jewel Ridge

  8. Location Jewel Ridge Property NevadaAdjoins Barrick Ruby Hill Property where 1 million ounce Au resource commenced production Feb 2007Straddles structural/stratigraphic trend hosting low grade Au-Ag deposits to south and Ag-Au-Pb-Zn deposits to northStaccato adjoins southern property boundary

  9. General GeologyJewel Ridge Property Nevada22 RC holes on 4 target areas40 metres 2.1 g/t Au in Hamburg mine areaDrill program planned for Spring 2007

  10. Greencastle Resources Ltd. • Saskatchewan 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

  11. Primate Oil Wells, Saskatchewan Primate Wells

  12. Greencastle 10 Year Stock Chart • Shares have never been cheaper relative to book value • Trading below cash for the first time in the Company’s history • Stock has a history of dramatic upside spikes on good volume • Gold price and Battle Mtn trend news will be the catalysts for 2009 • Potential for new gold projects

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