Green Swan Capital Corp. announced that Phase 1 diamond drilling has commenced on its Geneva Lake Property (the Property). This phase will consist of roughly 900 metres of drilling, possibly followed by a downhole geophysical survey on some of the holes. The Property consists of four mineral claims on the Benny Greenstone Belt in Hess Township in northern Ontario, north of Sudbury. Highway 144 provides access to the area, with logging roads providing access to the Property. Some of the former Geneva Lake Mine (Pb-Zn-Ag) is located on the Property, from which mine 80,588 tons of ore with a grade of 3.34% lead and 9.21% zinc was produced from 1941 to 1944.

The company also announced that Mr. Richard (Rick) Walker, P.Geo., will immediately join Green Swan as Vice President - Exploration, subject to regulatory approval. Mr. Walker is a professional geoscientist jointly registered in the provinces of British Columbia and Ontario. Over the past twenty years, Rick has worked in many diverse jurisdictions, including Alberta, the Yukon, the Northwest Territories, Nunavut, Alaska, Montana, New Brunswick, Brazil, Peru and Chile. Mr. James Lavigne will remain on Green Swan's Board of Directors, from where Green Swan will continue to benefit from his technical knowledge.