Invictus Financial Inc. Refiles its 2011 Q4 MD&A and 2012 Q3 MD&A

TORONTO, ONTARIO--(Marketwired - May 6, 2013) - Invictus Financial Inc. (the "Company") reports that as a result of a review by the British Columbia Securities Commission, we are issuing the following press release to clarify our disclosure.

The Company has re-filed its management's discussion and analysis for the year ended December 31, 2011. A description of the material revisions are as follows:

• Additional disclosure within the selected annual information and the summary of quarterly results, regarding the accounting principles used to prepare the financial statements.
• Additional disclosure regarding factors causing significant variations, including the sale of the media business assets and the sale of Stockgroup Media Inc.
• Additional disclosure within the related party transactions regarding the names of the directors and amounts owing to each of them.
• Additional disclosure regarding the audit committee and the corporate governance disclosure.

In addition, the Company has re-filed its management's discussion and analysis for the nine month period ended September 30, 2012. A description of the material revisions are as follows:

• Additional disclosure within the summary of quarterly results indicating the accounting principle used to prepare the financial statements.
• Additional disclosure regarding factors causing significant variations, including the sale of the media business assets and the sale of Stockgroup Media Inc.
• Additional disclosure within the related party transactions regarding the names of the directors and amounts owing to each of them.