Received by email:

File: GRB - September 29, 2016.pdf



                                                     TELEPHONE:949.903.5906
Vancouver,BritishColumbia                             FACSIMILE:604.608.9572



                        NEWS RELEASE
September 29, 2016                               Toronto Venture Exchange Symbol: "GRB"
                                                      IssuedandOutstanding:13,824,227

              Greenbriar Capital Corp - Contracts and Business Update

September 29, 2016 - Vancouver, British Columbia. Greenbriar Capital Corp. (the
"Company") is pleased to update its shareholders with the current status of its contracts
and land banking activities. Greenbriar has only 13,824,227 common shares outstanding,
yet holds over $2 Billion dollars in power contracts.

Greenbriar's main contract is a thirty-five (35) year, one hundred (100) Megawatt solar
energy contract which permits the Company to sell 100 Megawatts of solar generated
electrical capacity to the Puerto Rico Energy Power Authority. Annual production of the
plant is based on the US Department of Energy National Renewable Energy Laboratory
solar radiation studies which gives our Montalva site the capacity to produce 237,000,000
kilowatt hours per year of electrical energy from our 100 Megawatt contract. The
contract price is public information and starts at $0.15 per kilowatt hour and escalates at
2% per year, with a weighted average price of $0.21 per kilowatt hour. In addition, the
Company retains the Renewable Energy Certificates which are contracted for in Puerto
Rico at an average price of $0.03 per kilowatt hour flat rate. Annual Production when
built is USD $58,880,000 per year for 35 years to total $1.99 Billion USD. Additionally,
the US Government provides a 30% US Federal Tax credit on the entire capital cost of
the project which can be fully monetized through a wide range of US based tax motivated
investors. In essence, the US Government pays for 30% of the capital costs of all solar
projects.     With only 13.8 Million shares outstanding, our 100 Megawatt contract
provides each share of the company with $144 of revenue over the life of the contract, or
$4.12 per year per single share.

The company will finance the project with project level financing and not through
dilution of the company's shares. The company's management includes three individuals
who have personally built and financed over $2.5 Billion of profitable operating solar,
wind and geothermal projects during the past 15 years.

Our 80 megawatt wind energy project in Utah was in mediation where the company was
awarded the project plus USD $4.4 million in cash of damages from the Utility. The
mediation was non-binding and the company is close to filing its claim with the Utah
Public Service Commission for adjudication. The contract is worth $300 million over 20
years.
                                              2
The company owns 688 building lots spread over 161 acres in Tehachapi, California.
Greenbriar has approached several government agencies and there is a need for housing
for the two major military installations located nearby including the 1.1 Million acre,
China Lake Naval Weapons Center and the famous Edwards Air Force Base. The
Department of Defense is recently out of the housing business and is relying on private
developers to construct suitable housing. Tehachapi is considered a safe and attractive
city compared to other cities and towns in the region.

About Greenbriar Capital Corp.

Greenbriar Capital Corp. is a leading developer of renewable energy and sustainable real
estate projects. With long-term, high impact, contracted sales agreements in key project
locations and led by a successful industry-recognized operating and development team,
Greenbriar targets deep valued assets directed at accretive shareholder value.


ONBEHALFOFTHEBOARDOFDIRECTORS
"SIGNED"
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director


The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or
adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release. This press release m a y contain forward-looking statements. All statements,
other than statements of historical fact, constitute "forward-looking statements" and include any
information that addresses activities, events or developments that the Company believes, expects or
anticipates will or may occur in the future including the Company's strategy, plans or future financial or
operating performance and other statements that express management's expectations or estimates of
future performance.

Forward-looking statements are generally identifiable by the use of the words "may", "will", "should",
"continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the
negative of these words or other variations on these words or comparable terminology. These
statements, however, are subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the Company to be materially
different from those expressed, implied by or projected in the forward-looking information or statements.
I mportant factors that could cause actual results to differ from these forward-looking statements include
but are not limited to: risks related to the development and potential development of the Company's
projects, conclusions of economic evaluations, changes in project parameters as plans continue to be
refined, the availability of tax incentives in connection with the development of renewable
energy projects and the sale of electrical energy, as well as those factors discussed in the sections
relating to risk factors discussed in the Company's continuous disclosure filings on SEDAR.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Accordingly,
the reader should not place any undue reliance on forward-looking information or statements. Except as
required by law, the Company does not intend to revise or update these forward-looking statements
after the date of this document or to revise them to reflect the occurrence of future unanticipated events.