Windfire Capital Corp. Closes Private Placement

2000 - 1177 West Hastings Street │Vancouver, BC │V6E 2K3

NEX: WIF.H

WINDFIRE CAPITAL CORP. CLOSES PRIVATE PLACEMENT

August 3, 2018 - Windfire Capital Corp. (WIF.H:NEX) (“Windfire”) announces that further to its

news release dated July 16, 2018 , it has closed the no n-brokered private placement (the

“Offering”) for gross proceeds of $397,500. The closing consisted of 5,300,000 Units at a price of

$0.075 per Unit. Each Unit will consist of one common share and one share purchase warrant,

each share purcha se warrant being exerci sable for a period of one year at a pric e of $0.12 per

share. No finder’s fees were paid in relation to this private placement.

In accordance with applicable Canadian securities laws, a ll securities issued under the Offering

are subject to a four month statutory hold period from the date of issuance. The proceeds of the

Offering will be used for general working capital. To find out more about Windfire, please call

the Company at (604) 669-2191.

Windfire Capital Corp.

“Brian Morrison”

CFO, Director

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.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward -looking statements, which reflect the expectat ions of

management regarding Windfire’s intention to continue to identify potential transactions . Forwa rd-

looking statements consist of statements that are not purely historical, including any statements regarding

beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and

uncertainties that may cause actual res ults, performance or developments to differ materially from those

contained in the statements. No assurance can be given that any of the events anticipated by the forward -

looking statements will occur or, if they do occur, what benefits Windfire will obtai n from them. These

forward-looking statements reflect managements’ current views and are based on certain expectations,

estimates and assumptions w hich may prove to be incorrect. A number of risks and uncertainties could

cause actual results to differ materially from those expressed or implied by the forward-looking statements,

including Windfire’s inability to identify transactions having satisfactory terms or at all. These forward-

looking statements are made as of the date of this news release and Windfire assumes no obligation to update

these forward-looking statements, or to update the reasons why actual results differed from those projected

in the forward-looking statements, except in accordance with applicable securities laws.