Mr. Greg Wong reports

RIWI CLOSES SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT TOTALING $2.496 MILLION

Riwi Corp. has closed the second and final tranche of its previously announced non-brokered private placement. In connection with the second tranche, the company issued 4,530,900 units at a price of 30 cents per unit for gross proceeds of $1,359,270. Including the first tranche, the company issued an aggregate of 8,322,220 units for total gross proceeds of $2,496,666.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the company at a price of 50 cents per share for a period of two years from the date of closing. The warrants are subject to an acceleration clause, whereby, if at any time prior to the expiry of the warrants, the closing price of the shares on the TSX Venture Exchange equals or exceeds 75 cents for any 10 consecutive trading days, the company may, at its option, accelerate the expiry date of the warrants to the date that is 30 days after the company provides notice of or issues a news release announcing such acceleration. Any warrants remaining unexercised after the accelerated expiry date will automatically expire and all rights of the holders of such warrants will terminate without compensation.

The offering remains subject to the final acceptance of the TSX Venture Exchange and other customary closing conditions. All securities issued under the offering are subject to a statutory hold period of four months and one day from their date of issue in accordance with applicable securities laws.

The company intends to use the proceeds from the offering for general working capital and corporate purposes, including continued product development and commercialization activities.

Insiders of the company participated in the offering for a total of 614,400 units. Participation by the insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101. The company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the private placement by insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

The company paid finders' fees consisting of cash commissions totalling $57,312 to certain arm's-length finders, representing 6 per cent of the gross proceeds raised from subscribers introduced by such finders, in accordance with the policies of the exchange.

About Riwi Corp.

Riwi is a market research platform and global trend-tracking and prediction technology firm. On a monthly or annual subscription basis, Riwi offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests in all countries.

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