Mr. Mark Pajak reports

WINCHESTER EQUITY CORPORATION ANNOUNCES REPAYMENT OF LOAN AGREEMENT

Winchester Equity Corp.'s secured promissory note with Taxfyle Inc. has been repaid in full.

Background

As previously disclosed, the company provided Taxfyle with a short-term loan facility of $500,000 (U.S.), bearing a flat interest rate of 5 per cent ($25,000 (U.S.)).

The company accordingly confirms that the promissory note has been repaid in full, including all accrued interest.

Regulatory considerations

The promissory note constitutes an arm's-length transactions (as such term is defined in Policy 1.1 of the TSX Venture Exchange). No non-arm's-length parties of the company (as such term is defined in Policy 1.1 of the TSX-V) have any direct or indirect interest in, or relationship with Taxfyle, nor are they insiders of Taxfyle.

We seek Safe Harbor.