Mr. Harold Hemmerich reports

INTERFIELD GLOBAL SOFTWARE INC. ANNOUNCES COMPLETION OF PRIVATE PLACEMENT FINANCING

Interfield Global Software Inc. has completed its previously announced non-brokered private placement financing. The offering consisted of up to eight million units of the company at a price of 25 cents per unit, for aggregate gross proceeds of up to $2-million, subject to increase at the discretion of the board of directors of the company.

In connection with the completion of the offering, the company issued an aggregate of 3,306,240 units for gross proceeds of $826,560 and paid to qualifying arm's-length parties finders' fees comprising $28,350 in cash and 113,400 finders' warrants.

Each unit consisted of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share in the capital of the company at an exercise price of 40 cents for a period of three years from the respective closing date(s) of the offering.

In connection with the offering, insiders purchased a total of 456,240 units. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the subject matter of the offering does not exceed 25 per cent of the market capitalization of the company as calculated in accordance with MI 61-101.

The gross proceeds from the offering will be used by the company for general corporate and working capital and to retire a small amount of existing shareholder debt (approximately $50,000). The offering remains subject to receipt of all applicable regulatory approvals, including the approval of Cboe Canada.

The offering was completed pursuant to the accredited investor exemption from the prospectus requirements under applicable Canadian securities laws. The unit shares, warrants and warrant shares issuable upon exercise of the warrants will be subject to a statutory four-month-and-one-day hold period from the date of issue in accordance with applicable Canadian securities laws. None of the unit shares, warrants and warrant shares issuable upon exercise of the warrants will be registered under the United States Securities Act of 1933, as amended, or state securities laws and none may be offered or sold in the United States, except under circumstances that do not require registration under the U.S. Securities Act or any applicable state securities laws.

About Interfield Global Software Inc.

Interfield Solutions is a software company that services numerous industrial segments worldwide, including oil and gas, mining, and renewables.

We seek Safe Harbor.