KidsFutures Inc.

KidsFutures Inc.

March 12, 2007 16:08 ET

Oakwest Corporation Limited Announces Participation in KidsFutures Inc. Financing

TORONTO, ONTARIO--(CCNMatthews - March 12, 2007) - KidsFutures Inc. (TSX VENTURE:FUT) (the "Company") today announced that Oakwest Corporation Limited ("Oakwest") participated in the recent private placement announced by the Company. Oakwest purchased 13,169,583 units in the financing (the "Units"). Each Unit was issued at $0.12 consisting of one common share in the capital of the Company (the "Common Shares") and one-half warrant (the "Warrants"), each whole Warrant entitling the holder thereof to acquire one Common Share at any time up until eighteen months from the closing date at an exercise price of $0.20. The Common Shares and Warrants comprising the Units are subject to restrictions on resale until at least June 17, 2007 as prescribed under applicable securities laws and the policies of the TSX Venture Exchange.

Prior to the completion of the private placement, Oakwest held 1,882,269 Common Shares of the Company, 307,693 warrants to purchase Common Shares at an exercise price of $0.65 per Common Share and a debenture in the principal amount of $622,000 that was repaid out of the proceeds of this private placement. Oakwest now holds 15,055,852 Common Shares and 6,892,484 common share purchase warrants. In the event that Oakwest exercised all of its warrants, it would hold in the aggregate, 22,140,643 Common Shares representing approximately 22% of the issued and outstanding Common Shares of the Company (assuming no other securities convertible into Common Shares of the Company were converted or exercised). Notwithstanding the foregoing, Oakwest has entered into a standstill agreement with the Company wherein Oakwest has agreed not to exercise any warrants held by it if such exercise would result Oakwest holding more than 20% of the issued and outstanding Common Shares of the Company until receipt of shareholder approval allowing Oakwest to exceed the 20% threshold.

Oakwest purchased the Units for investment purposes and may acquire further securities of the Company depending on market conditions and other relevant factors.

An early warning report in respect of the above noted transaction will be filed on SEDAR. A copy of this report and further information can be obtained from:

KidsFutures Inc.
56 The Esplanade, Suite 220
Toronto, Ontario
M5E 1A7
Attention: Michael Berger General Counsel

About KidsFutures Inc. and Futura Rewards

Operated by Toronto-based KidsFutures Inc., the Futura Rewards Program helps Canadians save money by purchasing a wide variety of consumer products and services from a broad array of some of Canada's best-known retailers, service companies and brands. Members earn rewards that are cash-equivalent and can be directed into any financial product -- mutual funds in a RRSP, Registered Education Savings Plans (RESPs), GICs, etc. -- at any financial institution in Canada. Members can also direct their rewards to registered charities of their choice.

The Futura Rewards Program has in excess of 340,000 members who benefit from numerous opportunities to earn Futura Rewards through a coalition of over 60 Program Partners representing over 100 well-known brands, services and hundreds of individual products. The program is also available in more than 1,100 retail locations and more than 60 grocery locations across Canada. For more information, visit

Forward-Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward looking statements are not historical facts, but reflect KidsFutures' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including any risks and uncertainties described herein, as well as the risks and uncertainties detailed in our final long form prospectus dated November 29, 2005 filed with the regulatory authorities.

TM Trademark of KidsFutures Inc.

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

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