Greencastle Announces Acquisition of Common Shares of Future Fuels Inc.

Executive Summary

• Greencastle Resources Ltd. has entered into a share purchase agreement to acquire 500,000 common shares of Future Fuels Inc. (TSXV: FTUR) from an arm's length third party.
• The acquisition is intended for investment purposes to gain exposure to potential commodity-cycle upside within the resource sector.
• The transaction will be completed entirely through the issuance of Greencastle shares, with no cash consideration required.

Key Details

• Target Asset: 500,000 common shares of Future Fuels Inc. (TSXV: FTUR).
• Existing Position: Prior to this acquisition, Greencastle held 480,000 common shares of Future Fuels.
• Consideration: Issuance of 4,600,000 Greencastle common shares from treasury.
• Deemed Value: The Consideration Shares are valued at a deemed price of $0.05 per share, for an aggregate deemed value of $230,000.
• Cash Component: No cash consideration is payable.
• Hold Period: Consideration Shares are subject to a statutory hold period of four months and one day from the date of issuance.
• Closing Conditions: Subject to customary conditions, including corporate approvals and TSX Venture Exchange (TSXV) acceptance for the share issuance.
• Vendor Terms: The vendor is an arm's length third party; no finder's fees or commissions are payable in connection with the acquisition.