An anonymous director reports

On Sept. 16, 2014, Alterra Power Corp. acquired ownership of 684,000 common shares of Greenbriar Capital Corp. and 684,000 common share purchase warrants of Greenbriar, pursuant to Section 2.14 of National Instrument 45-106 (prospectus and registration exemptions). The common shares and the warrants represent approximately 10.4 per cent of the total number of the then issued and outstanding common shares of Greenbriar on a partially diluted basis. The common shares and the warrants were issued from treasury. The acquisition of units, with each unit composed of one common share and one warrant, was completed at a price of $1.461988 (U.S.) ($1.60 (Canadian)) per unit. The consideration was paid by the extinguishment of a debt of $1-million (U.S.) that Greenbriar owed to Alterra.

The Canadian-dollar translation of U.S.-dollar amounts is provided using Bank of Canada's noon exchange rate on Aug. 12, 2014 (the day immediately prior to the announcement of the private placement), of $1 (U.S.) to $1.0944 (Canadian).

Alterra now owns, directly or indirectly, or exercises control or direction over, a total of 684,000 common shares and 684,000 warrants, representing approximately 10.4 per cent of the total number of the then issued and outstanding common shares on a partially diluted basis.

Alterra may, in the future, acquire ownership and control over additional securities of Greenbriar for investment purposes.