Mr. Timothy Beale reports

IRON CREEK COMPLETES $5,587,420 PRIVATE PLACEMENT

Iron Creek Capital Corp. has completed its previously announced non-brokered private placement financing by raising $5,587,420 from the issuance of 26,606,762 units at the postconsolidation price of 21 cents. The placement was oversubscribed by more than $587,000.

Each unit consisted of one postconsolidation common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one additional share for a period of five years at 31 cents in the first three years and 42 cents in the last two years. After the expiry of the four-month restricted resale period on Aug. 17, 2014, the company will accelerate the warrant expiry date if the closing market price of the shares on the TSX Venture Exchange for a period of 20 consecutive trading days is 45 cents or greater during the first three years of the warrants or 60 cents or greater during the last two years of the warrants by issuing a news release and giving written notice of acceleration to the warrantholders within two trading days of the acceleration triggering event. The new warrant expiry date shall be 21 trading days after the date of the acceleration triggering event.

Finders' fees were paid on a portion of the placement. The finders' fees consisted of 927,014 units (6 per cent of the units sold to investors introduced by finders) and non-transferable broker warrants to purchase 927,014 shares (6 per cent of such units sold to investors). The broker warrants have the same terms as the warrants.

The shares and any shares issued on the exercise of the warrants or broker warrants are subject to a restricted resale period under Canadian securities law and, for investors that are insiders, TSX Venture Exchange policy until Aug. 18, 2014.

Of the total units issued, insiders of the company purchased a total of 4,067,143 units, which constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 and TSX-V Policy 5.9. The company's board of directors has determined that exemptions from the formal valuation and minority approval requirements under the policies are available.

Iron Creek intends to use the new funds raised to pursue a number of business opportunities that have been identified, as well as for general corporate purposes.

We seek Safe Harbor.