Mr. Evan Shaw reports

RENOWORKS SOFTWARE INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF UNITS [AND EARLY WARNING REPORT]

RenoWorks Software Inc. has closed its previously announced non-brokered private placement of 1,982,600 units of RenoWorks at 30 cents per unit for aggregate gross proceeds of $559,500.

Each unit comprises one common share in the capital of RenoWorks and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 50 cents per common share at any time prior to the date that is 18 months following the closing date of the private placement. The common shares and warrants issued in connection with the private placement will be subject to a four-month hold period from the closing date, as prescribed by TSX Venture Exchange and applicable securities laws.

In connection with the private placement, RenoWorks will grant an aggregate of 117,600 units and an aggregate of 117,600 options to purchase shares to the finder, Canaccord Genuity Corp. Each finder's warrant entitles the holder to acquire one common share at an exercise price of 50 cents for a period of 18 months following the closing date of the private placement.

The private placement is still subject to final approval from the TSX Venture Exchange.

We seek Safe Harbor.