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Windfire Signs Extension for Definitive Agreement

Mergers & Acquisitions

TSX-V: WIF

October 20, 2014 NR-14-14

Windfire Signs Extension for Definitive Agreement

Windfire Capital Corp. (WIF: TSX-V) ("Windfire" or the "Company"), is pleased to announce that further to its news releases of July 24, 2014, September 11, 2014, and September 24, 2014, that Windfire and Rosebud Productions Inc. ("Rosebud") have agreed to extend the closing date for Windfire's acquisition of the assets and business of Rosebud up to November 30, 2014.

To find out more about Windfire Capital Corp., please contact investor relations at 604-669-2191 or email [email protected].

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.

This news release contains forward‐looking statements and information concerning the expected results of the Offering, Brokered

Cautionary and Forward-Looking Statements:

business transaction. The forward‐looking statements and information are based on certain key expectations and assumptions Offering, and change of business transaction; anticipated closing dates of the Offering, Brokered Offering, and change of made by management of Windfire. Since forward‐looking statements and information address future events and conditions, by exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no their very nature they involve inherent risks and uncertainties. Readers are cautioned that the foregoing list of factors is not undertaking is given to update publicly or revise any forward‐looking 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.

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.

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