Mr. Robert Meister reports

CASTLEBAR CAPITAL CORP. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Castlebar Capital Corp. has closed its non-brokered private placement of 1.5 million common shares at a price of 10 cents per common share for gross proceeds of $150,000.

Upon close of the offering, the company has 5,349,908 shares issued and outstanding.

The net proceeds from the offering will be used for general working capital purposes. None of the proceeds from the offering will be used for payments to non-arm's-length parties (as such term is defined by the TSX Venture Exchange under Policy 1.1 (Interpretation)).

All shares issued under the offering will be subject to a four-month hold period under applicable Canadian securities legislation and TSX-V policies. No commission or finders' fees were paid in connection with the offering, and the offering has not resulted in the creation of a control person.

Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

About Castlebar Capital Corp.

Castlebar is a capital pool company in accordance with exchange Policy 2.4, and its principal business is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.

We seek Safe Harbor.