Mr. Hilton Price reports

IFABRIC CORP. ANNOUNCES EXTENSION OF WARRANT EXPIRY

iFabric Corp. has received Toronto Stock Exchange approval for the extension of the time to exercise warrants previously issued on Dec. 13, 2013. A total of 203,625 warrants issued as part of a brokered private placement on Dec. 13, 2013, were due to expire on Dec. 13, 2016, and have been extended to now expire on Dec. 13, 2017. The amendment to the expiry date of these warrants will be effective 10 business days following the date of this news release. Each warrant entitles the holder to acquire one common share of the company at an exercise price of $5.25 per share. All warrantholders are arm's length to the company.

Due to the generally slower economic environment the company currently finds itself in, it would like to be able to offer warrantholders a chance to have an extended time frame to make a decision regarding exercise of the warrants. A longer expiry date will provide the company with the possibility that the warrants may be exercised in the future when, hopefully, there is an opportunity to benefit from the additional funds that may become available.

We seek Safe Harbor.