Greencastle Resources Ltd. Gold Exploration Oil Royalty Cash Flow Battle Mountain Trend, Nevada Republic of Niger, West Africa

Greencastle Resources Ltd. ► Corporate Mission Statement  Greencastle management has proven access to high quality projects in some of the world’s most prolific gold producing regions and a wealth of experience in exploration, field operations, finance and administration.  Our mission is to build value for our shareholders through project identification, acquisition and continued exploration both as principal and through joint ventures.

Greencastle Resources Ltd. ► TSX Venture Exchange Symbol “VGN” ► Common shares issued ► Basic 36,557,005 ► Fully Diluted 43,117,005 ► Cash and Marketable Securities ► Basic $1,500,000 ► Fully Diluted $2,800,000 Jan. 2007

Greencastle Resources Ltd. ► Management and Directors  Anthony Roodenburg, Director and CEO  18+ yrs corp. development and investment industry  Dr. James Pirie, Director and President  35+ yrs global mineral exploration  Dr. Anthony Taylor, Reno, Director  40+ yrs global mineral exploration  Hon. Nick Taylor, Calgary, Director  50+ yrs global mineral and oil & gas exploration  Richard Zakaib, Toronto, Director  20+ yrs global business development

Greencastle Resources Ltd. Six Active Gold Exploration Projects  Battle Mountain Trend – Pipeline/Cortez Hills to Eureka, Nevada: ► Indian Creek, Coal Canyon, Kobeh, Jewel Ridge  Niger, West Africa: ► Namaga, Koyria, optioned to Orezone ► Cash Flow  Oil and gas discoveries in Saskatchewan converted to a royalty  New gas discovery currently shut in (carried)  Cash flow expected to exceed $1,300,000 / yr. in 2006  Eight producing wells (five added in 2006)  New wells being added in 2007 ► Uranium applications submitted in Niger

Greencastle Resources Ltd. Property Locations Battle Mountain Trend Nevada Indian Creek Kobeh Coal Canyon Jewel Ridge Oregon Idaho Utah Arizona California Cortez Area

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

Greencastle Resources Ltd. Location Jewel Ridge Property Nevada Adjoins Barrick Ruby Hill Property where 1 million ounce Au resource is being evaluated for production Straddles structural/stratigraphic trend hosting low grade Au-Ag deposits to south and Ag-Au-Pb-Zn deposits to north Staccato adjoins southern property boundary

Greencastle Resources Ltd. General Geology Jewel Ridge Property Nevada 22 RC holes on 4 target areas 40 metres 2.1 g/t Au in Hamburg mine area

Greencastle Resources Ltd. Coal Canyon Geology Coal Canyon Geology

Greencastle Resources Ltd. Section Looking Northwest Coal Canyon

Greencastle Resources Ltd. Kobeh Property Geophysical Interpretation 2004 program – 4 RC holes for 3,000 feet tested geophysical and Au geochem targets

Greencastle Resources Ltd. Gold Exploration in Niger

Greencastle Resources Ltd. Greencastle Permits - Niger ► High priority, drill-ready gold targets in Birimian greenstone belts with gold deposits nearby ► Targets identified from major exploration programs in 1990’s ► Exploration largely curtailed in 1998 due to fall in gold price ► Optioned to Orezone Resources Inc. ► Exploration Program drilling by Orezone on Namaga and Koyria permits ► Several fences of drilling will test the best soil and termite anomalies in each of the selected anomalous areas ► Encouraging 2006 drill results at Namaga including 22m of 2.4 g/t and 10m of 4.9 g/t gold

Greencastle Resources Ltd. Gold Deposits in West African Craton

Greencastle Resources Ltd. ► Gold In Niger  Samira Hill deposit - 10 mm tons at 2.2 g/t Au mining commenced in 2004 – 618,000 oz Au to be mined over 6 years (Etruscan & SEMAFO)  Koma Bangou gold deposit – 9.4 million tons at 1 g/t Au  Numerous small artisanal mining operations

Greencastle Resources Ltd. Geology and Greencastle Permits - Niger

Greencastle Resources Ltd. Namaga Concession, Niger  1,148 square km – includes former Ashanti concession  Ashanti collected some 50,000 samples of soil and termite mounds – identified number of extensive Au anomalies  Trenching on Block 3 Targets (1.2 g/t Au over 38 m and 1.17 g/t Au over 26 m in 1998)  Block 10 Area (numerous values up to 4.5 g/t Au over 2 m) – artisanal mining nearby  Encouraging 2006 drill results at Namaga including 22m of 2.4 g/t and 10m of 4.9 g/t gold

Greencastle Resources Ltd. ► Koyria Concession, Niger  1,045 square km  Ashanti outlined large Au geochem anomaly at Allareni - grades of 1 to 75 g/t Au in quartz float  Imperial Metals/Sumitomo drilling at M’banga (1.64 g/t Au over 65 m, 4.3 g/t Au over 23 m in 1996 in 1996)  Low grade resource outlined on MKS by JICA – 16.8 million tons at 0.66 g/t Au  4 km Au geochem anomaly at GG prospect from JICA survey  1 km Au geochem anomaly cluster at KLD aligns with M’Banga deposit to northeast

Greencastle Resources Ltd. ► Uranium in N ig er  Niger is #4 producer of Uranium  Over 7.8 million pounds uranium in 2004  Two mines currently in production near Arlit – one open pit, one underground owned and operated by consortium led by Cogema  Applications for three concessions awaiting final approvals

Greencastle Resources Ltd. Geology of Niger

Greencastle Resources Ltd. ► Saskatchewan Oil and Gas   Royalty Agreements in place   Greencastle oil discovery at Primate (2003/4)   Currently 8 producing wells operated by Trigger   Gas discovery on Primate North shut in by Sphere   Royalty income commenced in Q   Royalty income expected to exceed $1,300,000 in 2006   New wells added / production expected to increase throughout 2007

Greencastle Resources Ltd. Primate Wells Primate Oil Wells, Saskatchewan

Greencastle Resources Ltd. Greencastle Resources Ltd Business Plan ► Gold Exploration:  Drilling at Jewel Ridge, Battle Mtn. Trend, Nevada  Drilling in Niger by Orezone on Namaga and Koyria ► Oil Royalty:  New wells to be added in 2007  Production expected to continue to increase through 2007 ► Business Development:  Uranium concessions under application in Niger  Continuing to evaluate additional opportunities ► Positive net earnings in 2006 and expected for 2007