Mr. Jeffrey Ciachurski reports

GREENBRIAR EXECUTES BINDING AGREEMENT TO ACQUIRE THE 1,361 ACRE CORDERO RANCH PROJECT LOCATED IN CEDAR CITY, UTAH

Greenbriar Sustainable Living Inc. has executed a binding agreement to acquire the 1,361-acre Cordero Ranch project located in Cedar City, Utah.

Tommy Sullivan, chairman of Greenbriar's real estate advisory board and an investor in Greenbriar, purchased the Cordero Ranch property in 2002 in Cedar City, Utah, which comprises 1,361 acres. The property was annexed into the city in 2008 in exchange for Mr. Sullivan gifting adjudicated water rights to the city. On Dec. 7, 2009, the city executed a master plan development agreement for Cordero Ranch that is still in full force and effect today, approving and authorizing the construction of 6,726 homes and with the city providing full water, sewer and ancillary services. The 6,726 homes in the master plan comprise 2,034 acres, with 4,501 of these fully approved home sites within a 1,361-acre keystone centre parcel.

The company has engaged Watson Engineering, who will prepare a revised master plan that will augment the original plan above with a new south campus space for SUU (Southern Utah University) and include retail, offices, married student housing and small sustainable entry-level homes (average approximately 1,000 square feet) starting at $300,000. From the community side, Greenbriar's master planning and approval process is supported by Matt Hall, director of international affairs for the LDS, Senator Evan Vickers of Cedar City and Ric Hollman, the former city manager for 16 years of Cedar City. Greenbriar will update everyone when the revised master plan is filed. Once complete, the approval process in Utah is less than six months for full approval of the new plan.

Note that the complex environmental and political issues that Greenbriar is addressing in California and where approval processes can take six years do not exist in southern Utah. The approval process in Utah is an order of magnitude faster (approximately six months).

From the advisory and sales side, Greenbriar partnered with its brokerage partner and close friend Colonel Dan S. Roberts, a highly recognized and respected member of the community. Mr. Roberts's family founded Southern Utah University in 1897, and his family and close friends have served SUU in many executive-level capacities, including the current president. Additionally, Mr. Roberts retired as a colonel serving for 34 years in the Utah National Guard.

Mr. Roberts and the Greenbriar team recently met in person with the leadership of SUU. SUU leadership regularly executes 30-year lease agreements on housing. SUU leadership indicated at Greenbriar's meeting that its intent is to grow the university from 14,700 students to 30,000 students. Housing is the main constraint. Because Greenbriar's property is over two square miles, Greenbriar can offer SUU students a south campus location with specialized activity space, recreational facilities and married student housing. Married student housing is critically important as 30 per cent of the student body is married and this type of housing is in high demand.

This distinctive housing solution is possible because of Mr. Sullivan and his buying of both a significant and substantial piece of real estate 23 years ago and holding this property for what is now the right moment. Greenbriar has a binding agreement with Mr. Sullivan to proceed with this acquisition. Once Greenbriar files the revised master plan and negotiates the lease agreements with SUU, Greenbriar will finalize related cash acquisition details and subject to mutual approvals.

On a separate note and in regard to Sage Ranch in Tehachapi, Calif., Greenbriar and Voya are now finishing the final loan agreement to build Sage Ranch in anticipation of the city filing the revised water report to the court in the offing. Greenbriar is optimistic regarding a positive resolution on Sage Ranch.

About Greenbriar Sustainable Living Inc.

Greenbriar is a developer of sustainable real estate and renewable energy. With long-term, high-impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep-valued sustainable assets directed at accretive shareholder value.

We seek Safe Harbor.