Mr. Paul Dickson reports

NEWNOTE ANNOUNCES PRIVATE PLACEMENT

Newnote Financial Corp.'s previously announced private placement has been oversubscribed. Pursuant to a price protection reserved on Dec. 5, 2014, the company has expanded the maximum offering from up to two million units at 15 cents per unit to 4.5 million units at 15 cents per unit, and has delayed the closing previously announced on Nov. 24, 2014, and Dec. 1, 2014. The closing will take place on Dec. 18, 2014, with a second tranche anticipated to close shortly thereafter. Each unit comprises one common share in the capital of the company and one common share purchase warrant, where each whole warrant entitles the holder to purchase one additional common share at an exercise price of 20 cents per warrant share until 4 p.m. on the first business day after the date that is one year from the closing date of the offering of the units, subject to accelerated expiry where, if at any time after the closing date of the offering of the units, the closing sales price of the common shares (or the closing bid if no sales were reported on a trading date) as quoted on the Canadian Securities Exchange (or such other stock exchange, quotation system or market on which the common shares are listed and where a majority of the trading volume of the common shares occurs) is 30 cents or higher for a period of 10 consecutive trading days, then the company may within five days of such event, provide notice by way of news release to the holder of the warrants of the early expiry of the warrants and thereafter the warrants shall expire on the date that is 30 days from the date that such notice is given. The company will pay a finder's fee in connection with the issuance of some of the units equivalent to up to 10 per cent, payable in cash and up to 8 per cent in finder warrants, each exercisable to purchase one additional common share at a price of 20 cents per share for 24 months. All securities issued under the private placement will be subject to a four-month hold period.

We seek Safe Harbor.