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File: Greenflag NR140428 CorpDev NBPP FINAL.doc

GREENFLAG VENTURES INC.
#810-675 West Hastings Street
Vancouver, BC, V6B 1N2

*THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES*

GREENFLAG ANNOUNCES CORPORATE UPDATE & PRIVATE PLACEMENT

GREENFLAG VENTURES INC.							TSXV: GFV

April 28, 2014 - Greenflag Ventures Inc. (TSXV: GFV) ("Greenflag" or the "Company") is actively pursuing and evaluatin
--->g new projects as it enters its 2014 fiscal year. In addition to possibly continuing in the mineral exploration busine
--->ss and evaluating other resource opportunities, Greenflag is considering alternative sectors, including but not limite
--->d to agriculture, medical/life science, technology and specialized finance. 

The Company notes the recent business opportunities that have arisen in Canada from the licensed production of marijua
--->na for medicinal purposes. Greenflag will entertain such opportunities, however the current management of the Company 
--->has no experience in this area.

There is no guarantee that Greenflag will enter a new business. The Company will meanwhile continue to advance its Bla
--->ckwater East gold project to the extent possible (see "subsequent financing" below), and to evaluate additional resour
--->ce properties of merit.

Private Placement: The Company is proposing to undertake a non-brokered private placement to raise up to $135,000 in g
--->ross proceeds through the sale of up to 2,700,000 units at $0.05 per unit. 

Each unit will consist of one common share and one non-transferrable share purchase warrant entitling its holder to pu
--->rchase one additional common share for two years following the closing date of the private placement, at a price of $0
--->.075 per share for the first year and $0.10 for the ensuing year. 

Finder's fees may be payable in connection with the private placement as permitted under the policies of the TSX Ventu
--->re Exchange (the "Exchange"). The securities issued by the Company pursuant to the offering will be subject to a four-
--->month hold period as prescribed by the Exchange and applicable securities laws.

The proceeds of the private placement will be used principally to retire an outstanding convertible loan (see news rel
--->ease dated August 30, 2013), and for general corporate purposes. 

Subsequent Financing: The Company will require additional financing to meet its ongoing expenses and exploration commi
--->tments, and the search for and acquisition of a new project will require additional funding.  
On behalf of the Board of Directors,
 GREENFLAG VENTURES INC.

Toma Sojonky, CEO

Email: 	greenflagventures@gmail.com
Tel:    	604-613-6616 Fax: 	604-676-2496

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.