Mr. Kris Kottmeier reports

GREENFLAG PROVIDES A CORPORATE UPDATE TO SHAREHOLDERS

Greenflag Ventures Inc. has provided a corporate update to its shareholders.

Like many companies principally in the mineral exploration business, the ability for Greenflag to raise working capital has been difficult for an unusually extended period. For many months, management has been reviewing opportunities in a wide variety of sectors, including, but not limited to, the mineral exploration business. Through careful consideration, the company's board of directors has decided the mineral exploration business is not currently the most viable sector through which to maximize shareholder value.

In an effort to move the company forward and to once again provide liquidity to shareholders, Greenflag has plans to establish itself as a finance-based company focused on buying and selling public entities, and to provide consultancy services to existing public entities in the areas of restructuring, finance and business development.

The company is currently in negotiations with a separate, existing public entity to execute a corporate takeover through which it will be able to pursue this new business focus. Greenflag looks forward to providing further news to shareholders in the weeks to come.