Windfire Capital Corp.

July 05, 2011 15:02 ET

Windfire Commences Soil Sampling Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2011) - Windfire Capital Corp. (TSX VENTURE:WIF) (the "Company"), wishes to announce that it has commenced its 2011 exploration program at its Princeton Gold Project 25 kilometres south of the town of Princeton, British Columbia. The 12,620 hectare property is being explored for polymetallic gold quartz veins. Preliminary prospecting by the property vendor was successful in locating angular quartz float along a 2.5 kilometre trend on the central portion of the property that returned gold values from 10.3 ppb Au to 25.34 grams per tonne gold. Windfire has commenced a grid soil geochemistry sampling program over the 2.5 kilometre trend to locate the source of the angular quartz float and trace the suspected vein structures along strike in advance of excavator trenching and or drilling.

Windfire is earning a 100% interest, subject to a 3% Net Smelter Return (NSR) royalty by making cash payments totalling, $90,000, issuing a total of 1,050,000 shares and completing a total of $1,025,000 in exploration expenditures over the next three years. Windfire has the option to purchase up to 2/3 of the NSR for $1,000,000 for each third, which would leave the vendor with a 1% NSR.

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 accepts responsibility for the adequacy or accuracy of this release.

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