GKR Greenock Resources

Greenock Resources Inc. (TSX VENTURE:GKR) ("Greenock") announces that that the
corporation is completing a private placement equity issue for $175,000.
Coincident with this transaction Greenock is also completing a shares for debt
conversion for $437,532. The purpose of these transactions is to strengthen
Greenock's balance sheet and provide capital to advance corporate mineral
development projects. 


The private placement equity issue is priced as a $3,500 unit for 50,000 common
shares and 50,000 warrants. The common shares are priced at $0.07 cents per
share with every 2 warrants convertible into one common share for a 24 month
period at an exercise price of $0.10. 

The shares for debt conversion is priced at $0.07 cents per share. The debt is
primarily unpaid management fees, salaries and professional services that have
accrued but are unpaid since early 2009. All debt owed to current management of
Greenock in the amount of $383,210 is subject to disinterested shareholder
approval at Greenock's upcoming shareholder meeting.


Greenock is holding an Annual and Special meeting on November 9, 2010, 10:30 am
at 80 Richmond Street West, Suite 1101, Toronto ON. Existing shareholders and
potential investors are welcome to attend a presentation on the future of
Greenock Resources Inc. 


ABOUT GREENOCK

Greenock Resources Inc. (formerly Simberi Mining Corporation) is a Canadian
based international mineral development company that focuses on developing a
portfolio of natural resource properties. 


Greenock's main development project is the Kakanda Copper/Cobalt project in the
Democratic Republic of the Congo that is a joint venture with Gecamines, the
Congolese state mining company. This copper/cobalt deposit in the Central
African Copper Belt is adjacent to the Tenke Fungurume project presently being
developed by Freeport McMoRan Gold & Copper Company and Lundin Mining
Corporation.


The Kakanda tailings project has NI 43-101 measured and indicated resources of
18.5 million tonnes with an average grade of 1.25% copper and 0.15% cobalt.
Adjacent hard rock deposits have a historical resource of 18.6 million tonnes
with an average grade of 3.19% copper and 0.19% cobalt.


The company holds a 100% interest in the Needles gold/silver property located in
the Arrowhead mining district Nye County, Nevada. This property is approximately
40 miles southeast of the Barrick - Kinross Round Mountain Gold Mine that has
had historical underground mining for gold and silver in the early 1920's. 


Greenock's holdings in Australia include the nickel and platinum group metal
exploration property Merlot and a shareholding in the uranium exploration
company Raisama listed on the Australian Stock Exchange. Raisama has acquired a
number of high potential exploration projects including Lambina from Greenock
and the Sunday Creek uranium property in Western Australia that is adjacent to
the Kintyre uranium property currently being developed by Cameco.


This press release includes certain "Forward-Looking Statements" within the
meaning of the US Private Securities Reform Act of 1995. Other than statements
of historical fact, all statements are "Forward-Looking Statements" that involve
such various known and unknown risks, uncertainties and other factors. There can
be no assurance that such statements will prove accurate. Results and future
events could differ materially from those anticipated in such statements.
Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements". Michael Newbury, P.Eng., is the qualified person
who has reviewed this material on behalf of the Company. All dollar amounts are
noted in Canadian dollars unless otherwise stated in this release.

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