Mr. Jeff Ciachurski reports

GREENBRIAR CAPITAL CORP COMPLETES PRIVATE PLACEMENT

Greenbriar Capital Corp. has closed the non-brokered private placement announced by the company on Sept. 21, 2018. The company has issued 500,000 units at a price of $1.03 per unit for gross proceeds of $515,000. Each unit comprises one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional share in the capital of the company at a price of $1.50 until Oct. 1, 2020.

A 10-per-cent finder's fee was paid to Ascenta Finance Corp., comprising a cash payment of $33,915 and the issuance of 32,927 options to purchase units of the company at a purchase price of $1.03 per unit until Oct. 1, 2020. Each unit consists of one common share of the company and one-half of one non-transferable common share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share of the company at an exercise price of $1.50 per share until Oct. 1, 2020.

A 7-per-cent finder's fee was also paid to Jian Xu, comprising a cash payment of $5,047 and the issuance of 4,900 finder's units.

The common shares under the units and finder's units, and any shares issued upon the exercise of any warrants, finder's options or finder's warrants, are subject to a hold period expiring at midnight on Feb. 1, 2019. Proceeds from the private placement will be used by the company for working capital purposes.

The company also announces that it has entered into an amending agreement with one of its consultants, Roy Lewis Eiguren LLC, which provides strategic consulting services on behalf of the company in connection with the company's Montalva project in Puerto Rico. The original agreement for professional services has been amended to increase the consultant's monthly fee to $15,000 (U.S.) per month effective Aug. 1, 2018, due to the fact that there are at least four consultants working on the company's Montalva project under Roy Lewis Eiguren LLC. The payments to the consultant will be made by the issuance of shares of the company at a deemed price based on the 10-day average trading price on the last day of each month during which consulting services have been provided. The amended agreement is subject to approval of the Toronto Venture Exchange.

We seek Safe Harbor.