Mr. Kevin Russell reports

WISE OAKWOOD VENTURES INC. ANNOUNCES TERMINATION OF PROPOSED QUALIFYING TRANSACTION

Wise Oakwood Ventures Inc. (Wow) had entered into a non-binding offer letter dated Sept. 22, 2014, with Phoenix Coal Investments Ltd. (BVI), a private company incorporated under the laws of British Virgin Islands, to acquire all of the issued and outstanding common shares of Phoenix.

Effective immediately, Wow and Phoenix have mutually agreed that the proposed qualifying transaction will not proceed.

Wow is a capital pool company under the policies of the TSX Venture Exchange, and Wow's board of directors will continue to evaluate businesses and assets with a view to completing a qualifying transaction in accordance with exchange Policy 2.4.

On Sept. 29, 2014, Wow requested a trading halt from the TSX Venture Exchange pending completion of the proposed qualifying transaction. Due to the disengagement of the offer, trading in the common shares of Wow is anticipated to recommence once the exchange has issued its reinstatement bulletin.