Mr. Dan Halvorson reports

ONEROOF ENERGY CLOSES FINANCING AGREEMENTS

OneRoof Energy Group Inc. has closed a series of financing agreements to provide up to approximately $16.7-million (U.S.) in financing. This financing is being provided by Black Coral Capital LLC and affiliates of the Hanwha Group, which are existing investors in OneRoof Energy Group.

As announced in the company's press release dated Oct. 3, 2014, of the approximately $16.7-million (U.S.) of financing, approximately $6.5-million (U.S.) will be provided in the form of a working capital line of credit. The lenders under the working capital facility will be issued 1,107,194 bonus warrants, with each bonus warrant entitling the lenders to purchase one common share of OneRoof Energy Group. The bonus warrants will have an exercise price equal to $1.25. These bonus warrants are non-transferrable and will expire if not exercised on or prior to Dec. 31, 2014. The lenders will receive additional warrants for any future loans made pursuant to the working capital facility subject to TSX Venture Exchange approval and the exercise price for such bonus warrants will be the closing price of OneRoof Energy Group's common shares on the day before the applicable loan.

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