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GreenLight Completes 43-101 on Heavy REE, Base Metal Property New Brunswick Canada
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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/09/11 -- GREENLIGHT RESOURCES INC. (TSX VENTURE:GR)(OTCBB:PRZCF)(FRANKFURT:PH0) is pleased to announce that it has completed a National Instrument 43-101 compliant technical report on its 100% owned Porcupine property which is available on the Company's website at www.greenlightresources.com.

The Report, prepared for the Company by Ralph Stea, Ph.D., P.Geo. of Halifax, NS provides the first comprehensive description of the geology and compilation of available information pertaining to the economic potential on the 3,440 acre property located in Northumberland County, New Brunswick.

Chris Anderson, President, states, "After expending approximately $140,000 in initial exploration, this comprehensive report confirms the project's merits. With detailed recommendations to expend a additional $230,000 in phase one for further exploration on this project we are optimistic that GreenLight will attract its first joint venture partner. This is our initial step in leveraging GreenLight's ability to find and advance properties of merit in Atlantic Canada. GreenLight is taking this approach in order to enhance shareholder value and assist in offsetting the expense of building and expanding an early stage exploration team to continue exploring Atlantic Canada. Challenging times require creative solutions and this is one approach we are taking, while advancing our main assets through the drilling stage in attempts to building a resource.

GreenLight commissioned the 43-101 report to assess the significance of Heavy REE (rare earth element) soil anomalies and the potential for Heavy REE mineralization in the area based on these soil anomalies. The report also addresses previous geochemical surveys and prospecting to help define potential sources of base metal mineralization using historical data and an understanding of the glacial history and surface processes of the area.

Highlights of the NI 43-101 compliant report are;


-- The Porcupine Property includes the Tozer float occurrence found in
1961which produced assays of 0.24% Cu, 10.15% Pb, 7.6% Zn and 1.9 oz/t
Ag. Strong Cu-Pb-Zn soil geochemical anomalies and coincident
geophysical anomalies have been reported in ensuing exploration in the
vicinity of the sulfide float. However, up to this point in the
exploration history of this property no definitive bedrock source has
been discovered to account for ore-grade mineralized boulders.

-- GreenLight's interest in the property was triggered by significant rare
earth element anomalies in soils (greater than 1000 ppm total rare earth
elements -TREE) that were collected on the property. The company
conducted extensive exploration in 2011 including prospecting, IP
surveys and a 971 sample soil geochemical survey. The main feature to
emerge from the soil sampling survey near the Tozer occurrence are
strong, coincident east-west trending Cu, Pb, Zn anomalies (greater than
300ppm Pb, greater than 700ppm Zn) and spatially distinct, REE anomalies
(greater than 1300 TREE). The REE anomalies are not directly associated
with nearby foliated granite, but are found in a north-trending zone,
open to the south, between two resistivity highs that could represent a
fault.

-- Prospecting in 2011 uncovered many base metal enriched mineralized
boulders in the vicinity of the Tozer occurrence but not in adjacent
areas.

-- On the southern part of the property REE values form an east-west
trending coherent anomalous area on the till-covered slopes of the
southern part of the gird with TREE values up to greater than 800 ppm.
This westward trending attenuated anomaly appears to have an aspect of
glacial dispersal, parallel to eastward ice flow trends. Two other
anomalous areas are found in low ground coincident with historical
finds. Several significant element groupings in the soil geochemical
data set are apparent. REE are grouped with granophile elements U, Ti,
Be, and Mg and base metals form another group with Fe and Cr. These
groupings suggest primary bedrock control of element associations and
mechanical dispersion rather than chemical redistribution processes in
the secondary environment.

-- It is clear from the voluminous exploration data collected, the rock
types and the style of mineralization that a Bathurst-type massive
volcanic hosted sulphide model is a possible scenario. REE soil
anomalies appear to have a different genesis and host rock association.
Finding REE bedrock sources or mineralogical evidence for REE anomalies
in till/soil is essential to move this property forward. The author
proposes a two phase exploration program with an initial phase of
bedrock mapping, reconnaissance till sampling and prospecting, soil and
IP surveys, and trenching followed by diamond drilling.


Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.

On Behalf of the board of directors

Christopher R. Anderson, CEO - President

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Contacts:
GreenLight Resources Inc.
John Curle
Investor Relations
[e-mail]
http://greenlightresources.com/