Windfire Announces Termination of Proposed Transaction

NEX X: WIF.H H

WINDFIRE A W ANNOUNC CES TERMIN NATION O OF PROPOSE ED TRANS SACTION

e”) announces that it wi January 2 23, 2017 - W Windfire Capital Corp. (W WIF.H:NEX)

) (“Windfire ill not be proceeding with i its proposed d reverse tak keover trans saction with h DMiner As sset Manage ement Company y Inc. and R Riviera Mina Ltd., that w was to be und dertaken in a accordance w with the term ms of a share p purchase agr reement previously ann nounced on A April 25, 201

16. Windfire e will contin nue to identify and evaluat te potential opportunities to increase shareho older value and will up pdate investors s accordingly

y. Windfire h has requeste ed that the T TSX Venture e Exchange r resume tradi ing in the comm mon shares o of Windfire a as soon as practicable.

To find o out more abo out Windfire e, please con ntact investor relations b by phone at ( (604) 644-679 94.

Windfire e Capital Co orp.

“Clive M Massey”

Presiden nt and CEO

Disclaim mer for Forwa ard-Looking g Informatio on

Certain s statements in n this release e are forward d-looking sta atements, wh hich reflect th he expectatio ons of management regarding Windfire’s s intention to

• continue to
  • identify po otential trans sactions. Forw ward-

looking s statements co onsist of statements that t are not pu urely historic cal, includin ng any statem ments regarding g beliefs, plan ns, expectation ns or intentio ons regarding g the future. Such statements are subj ject to risks and uncertainties s that may ca ause actual r results, perfor rmance or de evelopments t to differ mate erially from those contained in the stateme ents. No assu urance can be e given that a any of the eve ents anticipat ted by the forward-looking st tatements wil ll occur or, if f they do occu ur, what ben nefits Windfir re will obtain n from them. The ese forward-l looking statem ments reflect managements’ current v views and are e based on ce ertain mptions which may prove expectatio ons, estimates and assum e to be incorrect. A num mber of risks s and uncertain nties could ca ause actual r results to dif ffer materiall ly from those expressed or implied b by the forward-lo ooking statem ments, includ ding Windfire e’s inability to identify tr ransactions h having satisfa actory terms or a at all. These fo forward-lookin ng statements s are made as of the date of f this news re elease and Win ndfire assumes n no obligation to update th hese forward-looking statements, or to update the r reasons why a actual results di iffered from those projected in the f forward-lookin ng statements, except in n accordance with applicable e securities law ws.

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