Greenbriar Capital Completes Acquisition of Blue Mountain, Utah Wind Energy Project

Greenbriar Capital Completes Acquisition of Blue Mountain, Utah Wind Energy 
NEWPORT BEACH, CA, Aug. 3, 2013 /CNW/ - Greenbriar Capital Corp. (TSXV: GRB) 
(OTC: GEBRF) is pleased to announce that on August 2nd, 2013, it has completed 
the formal acquisition agreement of the 80 Megawatt Blue Mountain, Utah Wind 
Energy Project, USA ("Blue Mountain"). 
Blue Mountain is a fully contracted 80 MW wind project that has a 20-year 
power purchase agreement with PacifiCorp executed on July 3rd, 2013. The Blue 
Mountain project includes all discretionary permits, eight (8) individual Land 
Leases and Option to Purchase Agreements, a fully executed 20-year 80-MW Power 
Purchase Agreement with PacifiCorp, six (6) years of meteorological data and 
studies, a completed System Impact Study, completed environmental work, the 
receipt of seven (7) supply term sheets from top tier wind turbine vendors and 
a draft financing mandate from a world class financial institution. 
The acquisition of Blue Mountain was completed through Greenbriar Capital 
Corp's wholly owned US subsidiary, Greenbriar Capital Holdco Inc., which 
signed a definitive membership interest purchase agreement with Champlin 
Windpower, LLC of Santa Barbara, California. Michael Cutbirth is the president 
and CEO of Champlin Windpower as well as President and CEO of Champlin / GEI 
Wind Holdings, LLC and has a longstanding relationship with the management of 
Greenbriar. Mr. Cutbirth has been in the wind energy industry for 18 years and 
was a former director of the American Wind Energy Association ("AWEA"). The 
Champlin companies are actively developing a number of new wind energy 
projects in the western U.S. and Hawaii. 
The Acquisition Agreement has immediately granted Greenbriar, a 50% interest. 
The Agreement then allows Greenbriar to perform two (2) milestone tasks, which 
will then increase the ownership interest up to 100%. The initial 50% interest 
was funded to Greenbriar by way of a 3-year loan to prevent share dilution and 
bears interest at 10% per year. 
The next plan of action for Greenbriar is to execute a Turbine Supply 
Agreement and sign the mandate agreement with the financial institution to 
provide up to US $150 million in non-recourse project debt and tax equity. 
Upon the mandate execution, Greenbriar will issue a Request for Proposal for 
an engineering, procurement and construction contractor. Greenbriar expects to 
begin construction as soon as project financing is complete. 
The Blue Mountain Wind Project will create over 100 jobs during construction, 
offer fulltime green collar jobs during its operation, contribute millions of 
dollars in taxes during construction and provide the county government with 
over US $15 million in local property tax over the life of the project. The 
project will further prevent the release of over four (4) million tons of 
greenhouse gases into the atmosphere during the life of the project while 
offering the rate payers of Utah, a steady, secure and reliable source of 
affordable green energy. 
Greenbriar has granted to consultants and employees 200,000 stock options at a 
price of $2.60 per share, with an expiry date of June 10, 2018 and a further 
250,000 stock options at a price of $2.60 per share with an expiry date of 
July 26, 2018. 
Jeff Ciachurski, CEO of Greenbriar states that: "Blue Mountain benefits both 
the citizens of Utah and the Greenbriar shareholders with this milestone 
project. The ratepayers of Utah are provided a long-term fixed price, secure, 
emission free and affordable local energy source while the shareholders of 
Greenbriar will have 180 Megawatts of renewable energy sales agreements now 
under contract with only 11 Million shares outstanding. 
Mr. Cutbirth, CEO of Champlin Windpower states that: "The management of 
Greenbriar has an impressive track record of developing wind energy projects 
over the last several years and creating tremendous value for their 
shareholders in the process. We are excited about the closing of this 
transaction and look forward to working with the Greenbriar team on the Blue 
Mountain and other wind projects and believe there are significant synergies 
to this strategic acquisition." 
About Greenbriar Capital Corp. 
Greenbriar Capital Corp is a leading developer of renewable energy and 
sustainable real estate projects. With long term, high impact, contracted 
renewable energy sales agreements and key project locations led by a 
successful industry recognized operating and development team, Greenbriar 
targets deep value assets directed at accretive shareholder value. 
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director 
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SOURCE  Greenbriar Capital Corp. 
Jeff Ciachurski, CEO Greenbriar Capital Corp. 
Phone: 949.903.5906 
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CO: Greenbriar Capital Corp.
ST: British Columbia
-0- Aug/04/2013 02:36 GMT