Mr. Jeff Ciachurski reports

GREENBRIAR ANNOUNCES PLANNING COMMISSION MEETING TO APPROVE THE PRECISE DEVELOPMENT PLAN FOR SAGE RANCH WILL BE SCHEDULED FOR NOVEMBER 13, 2023

Greenbriar Capital Corp.'s world-class recession-proof, 995-home Sage Ranch entry-level sustainable living subdivision in California is scheduled for a Nov. 13, 2023, planning commission meeting to vote on approving the Sage Ranch precise development plan (PDP).

The PDP process was an intense two-year effort of comprehensive collaboration between the City of Tehachapi staff and the Greenbriar engineering and architectural teams to memorialize through detailed and specific engineering, the layout of the home architecture, exterior design options and colours, roads, sewer, water, grading, improvements, parks, curbs, sidewalks, common areas, clubhouse, and all additional ancillary aspects of Sage Ranch. The city set a very high bar for exceptional standards and careful analysis to ensure a world-class outcome.

Jeff Ciachurski, chief executive officer of Greenbriar, says: "The effort provided by both Greenbriar and the City of Tehachapi left no stone unturned to make sure the development is top of its class, innovative and groundbreaking to match the demands of a new sustainable world. Throughout the process we tailored our work product for a final submission that would leave a legacy and provide no doubt that only a top-quality product will be provided. The city made all parties aware of the significant impact Sage Ranch will have on the exceptional quality of life in the region and the tremendous economic impact to the city and surrounding area."

Sage Ranch will provide hundreds of construction jobs for at least six years, over $5-million in annual property taxes when fully built, $20-million in total city, infrastructure and governmental fees paid, $1.5-million per month of added retail spending in the local economy when fully built, over $26-million in local real estate commissions paid, and the addition of off-site infrastructure improvements.

From an environmental standpoint, Sage Ranch will be a low-carbon showcase. Nowhere in the subdivision will any resident be more than a short three-block walk to either elementary, middle or high schools, making driving to school completely unneeded. Match this with solar roofs, smart meters, optional battery storage and electric vehicle charging, smart appliances, and energy-efficient building techniques, Sage Ranch amounts to an exceptional model of environmental planning and carbon reduction. In due course, Greenbriar will assist the city in reaping the benefits of this environmental stewardship. Greenbriar Capital will be making an application to the Toronto Venture Exchange to change its name to Greenbriar Sustainable Living Inc. to better reflect the company's unique pathway into recession-proof sustainable homes and renewable energy. For Greenbriar shareholders, Sage Ranch will bring in a levelized revenue stream of $80-million per year for six years.

In future developments, Tommy Sullivan, Greenbriar's chairman of its real estate advisory board, is bringing an opportunity for the company to joint venture into his 1,361-acre, 3,500-home sustainable subdivision in the fastest-growing region in Utah. This new project will give Greenbriar a 20-year runway of building several hundred entry-level homes per year, and further provides Greenbriar the status of regional builder and developer, specializing in recession-proof sustainable housing. Greenbriar and Voya have just re-executed the $40-million (U.S.) Sage Ranch financing agreement.

Both the Sage Ranch and the Utah projects are recession proof and entry level, which implies that even with higher interest rates, homeowners will have mortgage payments equal or much less than paying rent for an equivalent new residence. Government assistance will be available to certain buyers.

The price range in Utah will start at $199,000 for a 650-square-foot home, allowing veterans and seniors the lowest-cost and recession-proof new housing in the entire United States. Thirty per cent of Americans cannot afford a home due to high interest rates. Greenbriar uniquely satisfies this problem with comfortably small and sustainable homes in this highly affordable but classy building platform.

About Greenbriar Capital Corp.

Greenbriar is a leading developer of recession-proof sustainable real estate and renewable energy. With long-term, high-impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep-valued assets directed at accretive shareholder value.

We seek Safe Harbor.