Greenlight Mobilizes Field Crews to commence exploration on remaining Lithium bearing Pegmatite field

VANCOUVER, Jan. 13 /PRNewswire/ - GREENLIGHT RESOURCES INC. (TSXV.GR), announces that the prospecting team has once again been mobilized to the Brazil Lake Lithium Property. The exploration program for 2011 will consist of mapping and a prospecting program, on the unexplored ground staked in early march 2010. This area is approximately 7 km by 2 km and surrounds the company's recently drilled Lithium bearing pegmatites. Pegmaties do occur in swarms and this area is covered in pegmatite float showing it is worthy of a detailed exploration program. Approximately 80 km of grid with 100 meter line spacing will be established. Areas that show the presence of lithium pegmatite float will be soil sampled using SGH (soil-gas-hydrocarbons) sampling protocols established by Activation Labs based in Aurora Ontario. Areas where pegmatites were previously identified such as at Deerfield, Church Road, Bloomfield, Gardiners Mills and North Brazil Lake will also be tested using the SGH technique. Test sampling over the known lithium bearing pegmatite dikes will provide the comparative background for this work. Any anomalous situations identified by this survey will be followed up with excavator trenching in a effort to identify drill targets.

The Company further announces that the repairs at the assay lab have been completed. A majority of the assay results from the 2800m structural testing drill program completed last fall, on the lithium bearing pegmatites at Brazil Lake, have now been received and are being interpreted. When the remaining assay's are received, they will be mapped and processed as well. Results will be released upon completion.

The Company also announces that it has closed the first tranche of its non-brokered private placement consisting of 2,200,000 units in the capital stock for total gross proceeds of $396,000 announced on December 15, 2010.  The Company has closed a total of 1,517,500 units of common shares for total gross proceeds of $273,150.  The second tranche of the offering has been submitted for TSX approval and is expected to close in the near term.  Each unit consists of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase one additional share of the Company at a price of $0.25 per share for a period of one year from the closing date of the private placement.  The shares are subject to a four month hold period. 

About GreenLight Resources Inc.:

GreenLight Resources Inc. is focused on exploration in eastern Canada.

Lithium and Rare Metals Project

The Company's Brazil Lake Lithium property is a hard rock lithium project, this pegmatite field under the companie's control is 8,520 acres in size. It is located approximately 30 kilometres north of Yarmouth, Nova Scotia. The company has yet to explore this pegmatite field but plans to do so early in 2011. To date the company has had success focusing on a small portion of the pegmatite field. Exploration and drilling has successfully revealed two Lithium bearing pegmatite dikes.  In addition to Lithium, the dikes host several other rare metals such as tantalum, niobium, beryllium, tungsten tin and rubidium. Metallurgical bench testing to date has also revealed other potential economic targets, including cosmetic grade mica, silica chloride, aluminum chloride and rubidium enriched potassium feldspar. 

Rare Earth Element Project

On October 15th 2010, the Company announced the signing of a letter of intent to earn up to a 100% undivided interest in the Porcupine-Upper Miramichi Rare Earth Property in New Brunswick.  The primary target is the various rare earth elements (REE) that were discovered in soil samples on the property in 2007.  Soil assays for REE's include Samarium (Sm), with reported with grades of up to 218 ppm (g/t) and Dysprosium (Dy) with grades of up to 98.6 ppm (g/t), Neodymium  (Nd) with grades of up to 1190 ppm (g/t), Ytterbium  (Yb) with grades of up to 31.3 ppm (g/t) and  Yttrium (Y) with grades of up to 472 ppm (g/t).  Reported assays for Heavy REE's include Terbium (Tb) with grades up to 20.3 ppm (g/t) and Ytterbium (Yb) with grades up to 31.3 ppm (g/t) while reported light rare earth metals include Cerium (Ce) with grades up to 459 ppm (g/t) and Lanthanum (La) with grades up to 1,300 ppm (g/t).

Gold Project - Kemptville

On November 5, 2010, the Company, announced a letter of intent to acquire a high grade gold prospect located in one of Nova Scotia's historic gold mining districts.  The Property is comprised of 127 claims (40 acres each) for a total of 5,080 acres.  High grade gold was discovered on the property over 100 years ago and was produced primarily in the late 1800's from two underground mines, the Kempt and the Cowan.  Modern exploration techniques were used to  identify a target area between the two former producers featuring numerous high grade angular float boulders, several of which have assayed over 300 g/t (grams per tonne) (about 9 ounces/ton) Au.  Recent bulk till sampling over an area approximately three square kilometres has identified a very large "gold in till" anomaly measuring approximately 800 meters in width and extending 2,000 meters down ice.  It is centered in an area between the two former mines, coincident with the area of high grade float.  The analysis revealed gold grain counts up to about 1,000 grains in a standard 10 kilogram basal till sample.  Analysis of the morphology of the gold grains indicates that they have travelled only about 100 meters from source.  This technique played an important part in identifying some of the zones in the very large Rainey River gold property in Ontario. However, float samples are selective by nature and are unlikely to represent average grades on the property.  The company has recently completed a IP Survey over the property, as well as a soil sampling program using SGH (soil-gas-hydrocarbons) sampling protocols established by Activation Labs based in Aurora Ontario. The company is currently interpreting the data from these programs and digitizing previous work to assist in identifying drill targets. 

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

"Ron Bourgeois"

Ron Bourgeois, President

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Tel: (604) 488-3900,   email: [email protected]

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.

Forward-looking statements relating to future events or future performance and reflecting Green Light Resources management's expectations or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Green Light Resources to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Green Light Resources interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Green Light Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.

SOURCE Greenlight Resources Inc.