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File: NR181023_Termination Agreement.v1.docx

IRONWOOD CAPITAL CORP. AND NANALYSIS CORP. TERMINATE PROPOSED QUALIFYING TRANSACTION 

Vancouver, British Columbia - October 23, 2018 - Ironwood Capital Corp. (the "Company") (TSXV: IRN.P), a "capital pool
---> company" pursuant to TSX Venture Exchange Policy 2.4 - Capital Pool Companies ("CPC Policy"), announces that it has e
--->ntered into a termination agreement with Nanalysis Corp. whereby the parties have mutually agreed to not proceed with 
--->the previously announce Qualifying Transaction (as defined in the CPC Policy).  As a result, the Company's common shar
--->es will resume trading under the symbol "IRN.P" on October 26, 2018.
Forward Looking Information

Information set forth in this news release contains forward-looking statements. These statements reflect management's 
--->current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company ca
--->utions that all forward looking statements are inherently uncertain and that actual performance may be affected by a n
--->umber of material factors, many of which are beyond the Company's control.  Such factors include, among other things: 
--->risks and uncertainties relating to the Company's ability to identify, evaluate and complete a Qualifying Transaction 
--->and other risks and uncertainties, including those described in the Company's Prospectus dated April 3, 2018 filed wit
--->h the Canadian Securities Administrators and available on www.sedar.com.  Accordingly, actual and future events, condi
--->tions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied 
--->in the forward looking information. Except as required under applicable securities legislation, the Company undertakes
---> no obligation to publicly update or revise forward-looking information.

For further information, please contact:

Paul Andreola
Chief Executive Officer
Ironwood Capital Corp.
(604) 644-0072
 
 
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.