Burlington, Ontario--(Newsfile Corp. - November 28, 2016) - Green Swan Capital Corp. (TSXV: GSW) ("Green Swan") has completed
the previously announced 300 meter diamond drill program on its cobalt / gold property (the "Property") in Sudbury, Ontario. The
program was completed on schedule and to best of Management's knowledge on budget.
The program consisted of five holes aggregating 298 metres, all drilled from the west of Ed's Watering Hole in the south end of
the Property, targeting quartz veins in a structurally controlled corridor. All holes were drilled at a 45 degree angle, except for
Hole 3 which was at a 50 degree angle. The five holes are approximately set out in the map below.
Approximate drill plan
To view an enhanced version of this graphic, please visit:
http://orders.newsfilecorp.com/files/4750/23790_drillplan.jpg
As Green Swan previously reported, Management theorizes that mineralized quartz veins up to 1.2 metres wide occur over a 10 to
20 metre wide pinch and swell zone extending discontinuously up to 50 metres from Ed's Watering Hole northward, within the contact
zone between the Nipissing Gabbro to the west, and Sudbury Breccia and metasediments to the east. The diamond drill program was
designed to further test this theory.
The core from Hole 1, consisting of approximately 65 metres, has already been logged and split. Based on its theory of the
Property, Management expected the first encounter with quartz veining would occur in Hole 1 between 12 and 15 metres, and is
pleased to report that such encounter took place roughly 14 metres in. Visible gold was observed towards the bottom of Hole 1.
Core from Hole 1 is in the lab, and Management expects to receive the assay results from Hole 1 in the second or third week of
December.
Logging of Holes 2 to 5 continues. Their core will be submitted to the lab as soon as possible, and assay results from those
cores will be reported as they become available to Green Swan.
Finally, Green Swan previously reported the assay results from certain surface samples (the "Samples") on November 7, 2016.
Green Swan at that time disclosed that the Samples had been collected by a former consulting geologist who had not fully
communicated his sampling methodology to Green Swan, and as a result Green Swan had not been able to determine what standards if
any were introduced in the testing process. After Green Swan's repeated demands for better information, that former consulting
geologist later advised that Sample Number 60210 was a standard. Green Swan then conducted its own independent investigation to
confirm that Sample Number 60210 was in fact a standard and not a true sample from the Property. Readers are cautioned not to rely
upon the assay results from Sample Number 60210. Green Swan thanks Joerg Kleinboeck, P. Geo, for his professional efforts in
tracking and verifying the data provided by the former consulting geologist.
Mr. Kleinboeck is Green Swan's Consulting Geologist, a Qualified Person (Q.P.) under National Instrument 43-101. He has reviewed
and approved the scientific and technical data presented in this press release. Mr. Kleinboeck has supervised the diamond drill
program, visited the Property on many occasions, examined historic third-party data, visually inspected some of the core from the
program, reviewed results with Management, supervised all core shack activities, and coordinated with AGAT.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian mining company with a proven leadership team, targeting cobalt in Ontario. Green Swan is
well-poised to deliver real value to its shareholders.
Forward Looking Statements
This news release may include statements about expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties. Green Swan cautions that actual performance will be affected by a
number of factors, many of which are beyond its control. Future events and results may vary substantially from what Green
Swan currently foresees. Discussion of the various factors that may affect future results is contained in Green Swan's recent
filings, available on SEDAR. Green Swan assumes no liability for repeating or referring to any facts, statements, releases,
data or reports disseminated by any other issuer. Any reference to any other issuer should be cross-checked for accuracy and
context by the reader. 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.
On Behalf of the Board of Directors
Green Swan Capital Corp.
"Peter M. Clausi"
Peter M. Clausi
President, CEO and Director
For Further Information:
Peter M. Clausi
pclausi@greenswancapital.ca
1-905-681-1925 x2
Neither 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.
