Greenland Resources Inc. (“Greenland Resources” or the “Company”; NEO: MOLY | FSE: M0LY) is pleased to announce that it will be conducting a best efforts non-brokered private placement of up to 3,846,154 units of the Company (the “Units”) at a price of C$0.52 per Unit (the “Offering Price”) for gross proceeds of up to C$2,000,000 (the “Offering”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share”) at a price of C$0.70 per Warrant Share for a period of 24 months from the closing of the Offering