Winston Capital Group Inc. Announces Termination of Letter of Intent FOR Proposed Qualifying Transaction

WINSTON CAPITAL GROUP INC. ANNOUNCES TERMINATION OF LETTER OF INTENT

FOR PROPOSED QUALIFYING TRANSACTION

Calgary, Alberta – February 11, 2020. Winston Capital Group Inc. ("Winston") (TSX Venture: WNST.P)

announces that the letter of intent entered into with 2695389 Ontario Corp. (" Ontario"), previously

announced on June 24, 2019 , has been terminated by Winston as the parties were unable to close the

transaction by the deadline. Winston continues to pursue opportunities for a potential qualifying transaction.

Winston expects it common shares will resume trading on the TS X Venture Exchange on or about

Thursday, February 13, 2020.

For further information, please contact:

Bruce Bent

President, Chief Executive Officer, and Chief Financial Officer

Winston Capital Group Inc.

Telephone: + 1 (905) 567-3431

Email: [email protected]

Neither 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 news

release.

This news release contains "forward-looking information" within the meaning of applicable securities laws

relating to the resumption of trading on the TSX Venture Exchange and the future business and operations

of Winston. Forward-looking statements are necessarily based upon a number of estimates and assumptions

that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors

which may cause the actual results and future events to differ materially from those expressed or implied

by such forward-looking statements. Any such forward-looking statements may be identified by words such

as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned

not to place undue reliance on forward-looking statements. These forward-looking statements are made as

of the date hereof and Winston disclaims any intent or obligation to update publicly any forward -looking

statements, whether as a result of new information, future events or results or otherwise, except as required

by applicable securities laws. The reader is cautioned not to place undue reliance on any such forward -

looking statements.