Mr. Frank Kordy reports

GUNPOWDER CAPITAL CORP. SELLS ITS EQUITY STAKE IN ADVANTAGEWON OIL CORP.

Gunpowder Capital Corp. has entered into an agreement and has completed the sale of its equity stake in Advantagewon Oil Corp. of which Frank Kordy and Paul Haber currently both serve as directors of Advantagewon.

In total, Gunpowder Capital previously owned three million common shares of Advantagewon. Gunpowder Capital has sold the three million Advantagewon common shares to an existing investor in Gunpowder who is also a consultant to the corporation. Total purchase price for the Advantagewon common shares sale transaction amounted to $450,000. The investor purchased the three million Advantagewon common shares from Gunpowder by transferring 45,000 of their Gunpowder Capital Class A preferred shares into Gunpowder's name. The corporation plans on retiring the 45,000 Class A shares it now holds.

About Gunpowder Capital Corp.

Gunpowder Capital is a merchant bank and advisory services firm based in Toronto, Ont., Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing, and advisory services.

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