Greenlight Oversubscribes $550,000 Financing

(via Thenewswire.ca)

VANCOUVER, British Columbia - March 27, 2012 - GREENLIGHT RESOURCES
INC. (TSXV.GR), is pleased to announce that it has closed its
non-brokered private placement financing announced on March 22, 2012
and submitted final documentation to the TSX Venture Exchange. The
private placement consists of 6,000,000 units at a price of $0.10 per
unit in the capital stock for total gross proceeds of $600,000. Each
unit will consist of one common share and one share purchase warrant.
Each share purchase warrant will entitle the holder thereof to
purchase one additional share of the Company at a price of $0.15 per
share for a period of two years from the closing date of the private
placement. Closing of this placement is conditional upon approval of
the TSX Venture Exchange.

About GreenLight Resources Inc.:

GreenLight Resources Inc. is a Canadian exploration company focused on
the discovery and development of mineral deposits in Atlantic Canada
which is a sovereign risk free domain. The Company has a diversified
property portfolio and is aggressively advancing several projects
including graphite, manganese, REE's, rare metals and precious metals.
The Company also has created two joint venture partnerships on its
Keymet gold,silver and base metal property and on its Porcupine rare
earth element and base metal property. These partnerships have
facilitated rapid exploration of the Company's expanding property
portfolio.

On Behalf of the board of directors

"Chris Anderson"

Christopher R Anderson,

CEO - President 604 488-3900

Read about GreenLight Resources Inc.:
http://greenlightresources.com/corporate-overview/

Read Disclaimer: http://greenlightresources.com/legal-disclaimer/

Facebook: http://facebook.com/GreenLightResources | Twitter:
@GreenLightRes | Myspace: http://myspace.com/518719311

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