Windfire Capital Corp.
TSX VENTURE : WIF

Windfire Capital Corp.

January 15, 2015 15:25 ET

Windfire Provides Update on Rosebud MMPR Application

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 15, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Windfire Capital Corp. (TSX VENTURE:WIF) ("Windfire" or the "Company"), is pleased to announce that further to its news release of July 24, 2014, it has received an update from Rosebud Productions Inc. ("Rosebud") regarding the MMPR application with Health Canada. On January 15, 2015, Rosebud received correspondence from Licence and Permits Division, Office of Controlled Substances, Health Canada that Rosebud is now at the personnel security clearance stage. Once the security clearances are completed, the application will proceed to a pre-licensing inspection to be conducted at Rosebud facility. Further clarification will be required at that time to ensure compliance with all the provisions of the MMPR.

Windfire Webcast: Informational Call for Accredited Investor & Shareholders

Windfire is conducting an informational Webcast for accredited investors and shareholders on January 20, 2015 at 12:30 PM EST detailing the opportunity in medical marijuana and an update on the application submitted to Health Canada for the medical marijuana cultivation license under the Marihuana for Medical Purposes Regulations (MMPR).

To register for the Webcast, please use this link: http://bit.ly/WindfireWebcast

Private Placement

The private placement financing will consists of the issuance of 4,000,000 units at a price of $0.15 per unit ("Unit") (the "Offering"), for minimum gross proceeds of $600,000. Each Unit will consist of one common share in the capital of Windfire and one-half of one share transferable purchase warrant, with each whole warrant entitling the holder thereof to purchase, for a period of 24 months from the date of issuance one additional common share of Windfire at a price of $0.25 per common share. All other terms and conditions of the Offering remain the same as previously disclosed.

About Windfire

Windfire Capital Corp. is publicly traded company under the symbol ("WIF"), and the company is led by a dynamic and highly motivated management team comprised of public market professionals and skilled operational people from the Medical Marijuana industry. Windfire has received conditional approval to list on Canadian Securities Exchange (CSE) as a Life Science issuer and subsequently delist from the TSX.V.

Windfire Capital Corp.

Clive Massey, President and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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.

Cautionary and Forward-Looking Statements:

This news release contains forwardlooking statements and information concerning the expected results of the Offering, Brokered Offering, and change of business transaction; anticipated closing dates of the Offering, Brokered Offering, and change of business transaction. The forwardlooking statements and information are based on certain key expectations and assumptions made by management of Windfire. Since forwardlooking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Readers are cautioned that the foregoing list of factors is not exhaustive. The forwardlooking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forwardlooking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX Venture Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

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