Greencastle Options Seagrave Gold Exploration Property in Red Lake, Ontario – Nov. 5, 2020

Greencastle Resources Ltd. (“Greencastle” or ‘the Company”)
(TSXV: “VGN”) today announced the Company has entered into an option agreement to earn an undivided
100% interest in the Seagrave property. The property consists of 131 claim units in the Birch-Uchi
Greenstone Belt, Red Lake Mining District in northwestern Ontario and is approximately 12 kilometers
south of the Springpole Gold Deposit of First Mining Gold Corp. (4.67 Moz Au Indicated and 0.23 Moz Au
Anthony Roodenburg, Greencastle CEO, commented, “We are very pleased with the progress being made
by Golden Lake on our Jewel Ridge prperty in Nevada and position in Deveron Corp. (TSXV: “FARM”),
where we own more than 10,000,000 common shares, has been perfoming very well. We are bullish on
the gold price and It is not often you get an opportunity to acquire a strategic, unexplored block of claims
in the Red Lake District, one of the largest and highest grade gold producing areas in Canada.”

The terms of the agreement call for Greencastle to pay Gravel Ridge Resources Ltd. (50%) and 1544230
Ontario Inc. (50%) a total of $95,000 cash, issue a total of 600,000 shares of Greencastle, and complete a
total of $350,000 in Exploration Expenditures to earn a 100% interest in the Property, subject to a 1.5%
Net Smelter Return Royalty. Greencastle retains the option to purchase sole rights to 0.5% of the 1.5%
Net Smelter Return Royalty from the vendors for a payment of $500,000.

About Greencastle

In addition to this acquisition, Greencastle is advancing two gold projects on the prolific Battle Mountain
gold trend in Nevada, U.S.A. The 2020 field program is continuing at the Jewel Ridge property, currently
under option to Golden Lake Exploration Inc. (CSE: “GLM”). Greencastle is also a founding shareholder
and owns 10,700,000 common shares of Deveron Corp. (TSXV: “FARM”). Deveron is a Canadian
technology company that is revolutionizing precision agriculture in North America.
For additional information, please visit or contact Anthony Roodenburg, CEO, 416-
367-4571 ext. 222.
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.
Cautionary Note Regarding

Forward-looking Statements

This news release contains forward-looking statements. These statements are based on information currently
available to the Company and the Company provides no assurance that actual results will meet management’s
expectations. Forward-looking statements include estimates and statements that describe the Company’s future
plans, objectives or goals, including words to the effect that the Company or management expects a stated condition
or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”,
“expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation
and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could
differ materially from those currently anticipated in such statements for many reasons such as: changes in general
economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking
statements. These and other factors should be considered carefully and readers should not place undue reliance on
the Company’s forward-looking statements. The Company does not undertake to update any forward-looking
statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable
securities laws.

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