Mr. Toma Sojonky reports

GREENFLAG ANNOUNCES CORPORATE UPDATE & PRIVATE PLACEMENT

Greenflag Ventures Inc. is actively pursuing and evaluating new projects as it enters its 2014 fiscal year. In addition to possibly continuing in the mineral exploration business and evaluating other resource opportunities, Greenflag is considering alternative sectors, including, but not limited to, agriculture, medical/life science, technology and specialized finance.

The company notes the recent business opportunities that have arisen in Canada from the licensed production of marijuana for medicinal purposes. Greenflag will entertain such opportunities; however, the current management of the company has no experience in this area.

There is no guarantee that Greenflag will enter a new business. The company will meanwhile continue to advance its Blackwater East gold project to the extent possible (see subsequent financing as follows) and to evaluate additional resource properties of merit.

Private placement

The company is proposing to undertake a non-brokered private placement to raise up to $135,000 in gross proceeds through the sale of up to 2.7 million units at five cents per unit.

Each unit will consist of one common share and one non-transferrable share purchase warrant entitling its holder to purchase one additional common share for two years following the closing date of the private placement, at a price of 7.5 cents per share for the first year and 10 cents per share for the ensuing year.

Finders' fees may be payable in connection with the private placement as permitted under the policies of the TSX Venture Exchange. The securities issued by the company pursuant to the offering will be subject to a four-month hold period as prescribed by the exchange and applicable securities laws.

The proceeds of the private placement will be used principally to retire an outstanding convertible loan (see news release dated Aug. 30, 2013), and for general corporate purposes.

Subsequent financing

The company will require additional financing to meet its continuing expenses and exploration commitments, and the search for and acquisition of a new project will require additional financing.