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Greenland Resources Initiates Phase II In-Fill Drilling Program at Storø Gold Project

Greenland Resources Inc. is pleased to announce that as stated in the January 14, 2015 press release, the Phase II in-fill drilling program is set to commence at the Storø Gold Project, Nuuk, Greenland. The main target for the in-fill drilling will be to test the gold distribution of an untested zone within the Main Zone gold mineralization.

Ruben Shiffman, Chairman, said, "Storø is a shallow high grade gold project in a stable jurisdiction. We see value in continuing to define the extent of the mineralization, despite the challenging market conditions."

In Phase I drilling, the Company extended the Main Zone mineralization beyond the limits defined by historical drilling. The Company will now focus in the near term development of a maiden resource estimate taking into account historical holes drilled by previous owners as well as recent holes drilled by the Company.

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