May 1, 2020 – Coquitlam, BC – Greenbriar Capital Corp. (“Greenbriar”) is pleased to announce that it has closed the non-brokered private placement announced by Greenbriar on April 23, 2020. Greenbriar has issued 1,018,593 units (the “Units”) at a price of $0.645 per Unit for gross proceeds of $656,992.50. Each Unit is comprised of one common share and one half of one share purchase warrant. Each whole warrant (a “Warrant”) entitles the holder to acquire one additional share in the capital of Greenbriar at a price of $1.00 until April 21, 2024.

The common shares comprising the Units and any shares issued upon the exercise of any Warrants are subject to a hold period until September 2, 2020. Proceeds from the Private Placement will be used by Greenbriar for working capital purposes.

About Greenbriar Capital Corp:

Greenbriar is a leading developer of sustainable real estate and renewable energy. 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.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jeff Ciachurski”

Jeffrey J. Ciachurski
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 may 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.