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File: GRB - January 18, 2017.pdf



                                                                               
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                      NEWS RELEASE


January 18, 2017                                 Toronto Venture Exchange Symbol: "GRB"
                                                      IssuedandOutstanding:13,824,227



         Greenbriar Capital Files US $150 Million DOE Loan Guarantee

January 18, 2017 - Vancouver, British Columbia. Greenbriar Capital Corp. (the
"Company" or "Greenbriar") is pleased to announce filing with the US Department of
Energy ("DOE"), a loan guarantee application for US $150 Million, pursuant to Solicitation
No. DE-SOL-0007154, dated July 3, 2014 and amended November 29, 2016. Greenbriar
has met all mandatory requirements for filing as specified in the Solicitation including all
the materials and attachments. Our Part I submission Application Fee of US $50,000 was
wired per the instructions on 01/16/2017.

We intend to submit our complete Part II submission on or before the due date for the Part
II reviews as set forth in Section IV.A of the Solicitation as amended. Based on the
Application process described in the Solicitation, we are prepared to close the financing on
or about December 15, 2017 and begin construction on the 100 MW Montalva Solar project
with a contract value of US $1.9 Billion over 35 years.

The DOE Loan Guarantee program is funded with US $40 Billion for credit support to
eligible renewable energy and clean energy projects utilizing state of the art technology.
The program provides a US Federal Guarantee on all project debt obligations, drastically
lowering financing costs to US Treasury yield rates, plus a small spread of between 100 to
140 basis points. The program further lowers closing and legal costs.

Greenbriar closed the second and final tranche of a non-brokered private placement
financing of convertible debentures (the "Debentures") that was announced on October 11,
2016. The gross proceeds to the Company from this second tranche was $150,000. As
disclosed in the Company's earlier news release, the Debentures have a maturity date of 3
years from the date of issue (the "Maturity Date"), bear interest at a rate of 8.0% per
annum payable semi-annually and will be convertible into units of the Company at the
holder's option at a conversion price of $1.00 per unit at any time prior to
                                                      2


the Maturity Date. Each Unit is comprised of one common share of the Company and one-
half of one common share purchase warrant, each whole warrant entitling the holder to
purchase one common share of the Company at a price of $1.50 per share for a period of
three years from the date of issuance of the Debenture. A Finder's fee of 5% payable in
cash ($3,750) and 5% payable by the issuance of warrants (3,750) was paid to PI Financial
Corp.

The Debentures, any shares issued upon the conversion of the Debentures into Units, and
any shares issued upon the exercise of any Warrants comprising the Units are subject to a
hold period expiring at midnight on May 13, 2017.

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.