Windfire Capital Corp.

Windfire Capital Corp.

August 24, 2011 16:25 ET

Windfire Arranges Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2011) - Windfire Capital Corp. (TSX VENTURE:WIF) ("Windfire"), Clive Massey, President of Windfire, announces it has reached an agreement with placees to complete a non-brokered private placement of up to 2,000,000 units (the "Units") at a price of $0.45 per unit, for gross proceeds of up to $900,000 (the "Private Placement"). Each Unit will consist of one common share and one half share purchase warrant, each share purchase warrant being exercisable for a period of two years at a price of $0.60 per share. Finders' fees in accordance with the rules of TSX Venture Exchange will be paid on the Private Placement.

Proceeds from the private placement will be used to fund exploration on the Company's Princeton Gold Project, where a new gold discovery has been made and for general working capital.

All securities issued pursuant to this financing are subject to a four month hold period from the date of issuance. The Private Placement is subject to approval from the TSX Venture Exchange.

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Windfire Capital Corp.

Clive Massey, President and CEO

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. The Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

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

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