Mr. George Fleming reports

VIDWRX INC. AMENDS TERMS TO PRIVATE PLACEMENT

Further to its news release dated Dec. 7, 2015, VidWRX Inc. is amending the terms of its previously announced non-brokered private placement offering of up to 4,375,000 special warrants at a price of eight cents per special warrant for gross proceeds of up to $350,000. The amended offering will be a non-brokered private placement offering of 6.4 million special warrants at a price of five cents per special warrants for gross proceeds of $320,000.

Each special warrant entitles the holder thereof to acquire at any time after closing, for no additional consideration, one unit of VidWRX, with each unit comprising one common share of VidWRX and one common share purchase warrant of VidWRX. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of seven cents per common share for a period of 48 months following the closing date. If the company fails to qualify the common shares and warrants issuable on conversion of the special warrants, by Jan. 21, 2016, certain holders of special warrants will be entitled to receive 1.25 common shares (instead of one common share) and one warrant, on the conversion of the special warrants.

In connection with the amended offering, the company will pay an 8-per-cent cash commission and issue finder special warrants in amount equal to 8 per cent of the total number of special warrants subscribed for by person introduced to the company by a finder. Each finder special warrant entitles the holder thereof to acquire at any time after the closing date, for no additional consideration, a broker's warrant. Each broker's warrant entitles the holder to acquire one unit at an exercise price of five cents per unit, with each unit on the same terms as the amended offering units.

The company plans to use the net proceeds from the offering for working capital and general corporate purposes. The offering will close upon receipt of TSX Venture Exchange approval, and all securities issued pursuant to the offering are subject to a four-month-and-one-day hold period as required by Canadian securities laws.

In addition, the company announces that it will modify certain terms of the special warrants issued on Oct. 7, 2015, and Nov. 16, 2015. Subject to receipt of all required approvals, the underlying warrants that will become issuable upon conversion of the 7.2 million Series 1 special warrants and the 3.75 million Series 2 special warrants issued by the company on Oct. 7, 2015, and Nov. 16, 2015, respectively, will be modified such that the warrants will expire 60 months following the Series 1 closing date or the Series 2 closing date, as applicable, and the exercise price of the warrants issued pursuant to the Series 1 offering will be modified to 12 cents (from 14.5 cents), and the exercise price of the warrants issued pursuant to the Series 2 offering will be modified to 10 cents (from 14.5 cents).

We seek Safe Harbor.