Mr. George Fleming reports

VIDWRX INC. ANNOUNCES COMPLETION OF PROSPECTUS SHARE ISSUANCES

In connection with the filing of a final short-form prospectus by the company on Feb. 19, 2016, VidWRX Inc. has completed the conversion of 10.15 million special warrants and 699,500 agents' special warrants, previously distributed by the company in private placements completed on Nov. 16, 2015, and Dec. 22, 2015.

As a result of the conversion of the special warrants, the company issued 12,687,500 common shares and 10.15 million common share purchase warrants. Each warrant entitles the holder to acquire one additional common share of the company, with 3.75 million of the warrants exercisable at a price of 10 cents until Nov. 16, 2020, and 6.4 million of the warrants exercisable at a price of seven cents until Dec. 22, 2019. As a result of the conversion of the agents' special warrants, the company issued 699,500 non-transferable agents' warrants, each of which entitles the holder to acquire one unit of the company, with 187,500 being exercisable at a price of eight cents per agent's unit until Nov. 16, 2019, and 512,000 being exercisable at a price of five cents per agent's unit until Dec. 22, 2019. Each agents' unit consists of one common share of the company and one common share purchase warrant, with a full warrant entitling the holder to acquire a further common share of the company for a period of 48 months following the issuance of the agents' special warrants, with 187,500 warrants exercisable at a price of 14.5 cents, and 512,000 warrants exercisable at a price of seven cents.

The company also announces that it has issued 740,000 common shares to Euro Pacific Canada Inc. as a corporate finance fee in connection with the filing of the prospectus, and 1,964,114 common shares to certain arm's-length creditors in settlement of outstanding indebtedness of the company. The prospectus qualified both share issuances.

The company will also issue a total of 533,900 common shares in lieu of cash compensation to certain consultants of the company for work completed in January, 2016. The shares are being issued at a deemed price of five cents per share, being the closing share price of the company's shares on Jan. 29, 2016. The shares are subject to a four-month-and-one-day hold period as required by Canadian securities laws. The compensation arrangement for the issuance of shares in lieu of cash was approved by the company's shareholders on Sept. 4, 2015.

We seek Safe Harbor.