Mr. Jeffrey Ciachurski reports

GREENBRIAR CAPITAL CORP PARTNERS WITH ATHERTON PACIFIC GREEN AND RETAINS CV BROKERAGE INC. AS PROJECT FINANCE ADVISOR FOR 100 MW MONTALVA SOLAR PROJECT

Greenbriar Capital Corp. is partnering with Atherton Pacific Green of Newport Beach, Calif., for engineering, procurement and construction of the 100-megawatt smart grid Montalva photovoltaic solar project located in Puerto Rico. Greenbriar has also retained CV Brokerage Inc. of the Philadelphia area as its financial adviser to arrange project financing for the solar project. Financial close for this project will be subject to the usual and customary due diligence for a solar project of this size as well as third party approvals. CV Brokerage will arrange a conventional project capital structure comprising senior lenders, tax equity investors and appropriate subordinate mezzanine lenders wherever needed. Greenbriar will build and own 100 per cent of the project. The annual production is estimated at 240 million kilowatt-hours per year and about $60-million in annual revenues.

APG will collaborate with Greenbriar by providing industry-leading solar, storage and smart grid technical oversight. In this regard, Jane Wu, chief executive officer of APG with over 20 years of clean tech experience, will be providing technical peer review and expertise necessary for a solar project of this importance and magnitude to reach completion.

Greenbriar Capital has engaged CV Brokerage, a U.S.-registered broker-dealer, as its corporate financial adviser in connection with the placement of units in the common stock of Greenbriar Capital at various prices beginning at $1.50 per unit. Each unit comprises one common share and one-half share purchase warrant entitling each full warrant to be convertible into a common share at $1.75 per share for a period of five years from the date of issuance.

Jeff Ciachurski, chief executive officer of Greenbriar Capital, states: "We are delighted to have APG join the project. Montalva is a fully integrated large-utility-scale (up to 146-megawatt-DC-100-megawatt-AC) solar photovoltaic project with storage and smart grid solution. The size and sheer output of this project will be the largest in the Caribbean, providing the citizens of Puerto Rico with a source of inexpensive, reliable and clean renewable energy for decades to come, offsetting expensive and dirty oil-based generation that has been plaguing the island for over half a century."

Ms. Wu states: "I am thrilled to be collaborating with Greenbriar on this exciting project. With the best solar irradiation on the island and available superior technology, the Montalva project is a showcase for both the people of Puerto Rico and the stakeholders of Greenbriar Capital Corp."

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