Fireswirl Technologies Inc.

Fireswirl Technologies Inc.

February 19, 2008 14:23 ET

Fireswirl Technologies Inc.: Stock Option Grant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2008) - Fireswirl Technologies Inc. ("the company") (TSX VENTURE:FSW) announces it is granting, in aggregate, 840,000 new options with an exercise price of $0.30 to various directors, officers, consultants and employees pursuant to the company's stock option plan increasing its outstanding options to 1,915,000 (7.6% of the company's issued shares). The company is also amending the exercise price of 200,000 options to $0.30 which were previously granted to 9 employees of the company, none of which is an officer or a director. The granting and re-pricing of the options is subject to regulatory approvals.

About Fireswirl

Fireswirl Technologies Inc. (TSX VENTURE:FSW) is focused on creating transactional revenue by engineering electronic and mobile commerce solutions for content providers. The company's technology has broad applications for solutions requiring multiple payment interfaces, multi-currency and multi-language capabilities. Our solutions can be adapted to any industry seeking high volume or micro-payment solutions involving a wide base of users through internet or wireless applications.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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