Mr. Jeff Ciachurski of Greenbriar reports

GREENBRIAR CAPITAL CORP. AND ALTERRA POWER CORP. ANNOUNCE ISSUANCE OF SECURITIES TO COMPLETE ACQUISITION

The previously announced acquisition by Greenbriar Capital Corp. of Alterra Power Corp.'s joint venture interests in AG Solar One LLC (AG One) has been completed. As a result, Greenbriar (through its wholly owned subsidiary, Greenbriar Capital Holdco Inc.) now owns 100 per cent of AG One, which is in the process of developing a potential 100-megawatt solar photovoltaic electric generating facility in Puerto Rico.

In order to settle the remaining $1-million (U.S.) (approximately $1,094,400) owed to Alterra in connection with the acquisition, Greenbriar issued to Alterra 684,000 units, with each unit comprising one share and one non-transferable share purchase warrant, at a deemed price of $1.46 (U.S.) ($1.60) per unit. Each warrant will entitle Alterra to purchase one common share of Greenbriar at a price of $2 per share for a period of five years from the date of issuance. The securities issued in connection with the transaction will be issued pursuant to certain prospectus and registration exemptions available under applicable securities legislation and will be subject to a hold period that will expire at midnight on Jan. 12, 2015.

Jeffrey J. Ciachurski, chief executive officer of Greenbriar, commented: "The completion of this transaction represents a continuing consolidation of our assets and activities in Puerto Rico. We've appreciated the participation of Alterra and look forward to having them as a shareholder in our company."

The conversion of Canadian dollars to U.S. dollars used in this press release was based on the Bank of Canada noon rate on Aug. 12, 2014, of $1 (U.S.) to $1.0944.

We seek Safe Harbor.