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File: Press Release re. termination of QT (E6787000-2).DOC

Wise Oakwood Ventures Inc. Announces Termination of Proposed Qualifying Transaction

EDMONTON, ALBERTA - (January 28, 2015) - Wise Oakwood Ventures Inc. ("WOW" or the "Corporation") (TSX VENTURE: WOW.P),
---> a capital pool company, had announced on September 26, 2014 that it entered into a non-binding offer letter (the "Off
--->er") dated September 22, 2014 with Phoenix Coal Investments Limited (BVI)., a private company incorporated under the l
--->aws of British Virgin Islands ("Phoenix"), to acquire all of the issued and outstanding common shares of Phoenix (the 
--->"Proposed Qualifying Transaction").  

Effective immediately, Wow and Phoenix have mutually agreed that the Proposed Qualifying Transaction will not proceed.

WOW is a "capital pool company" under the policies of the TSX Venture Exchange ("Exchange") and WOW's board of directo
--->rs will continue to evaluate businesses and assets with a view to completing a qualifying transaction in accordance wi
--->th Exchange Policy 2.4. 

On September 29, 2014, WOW had requested a trading halt from the TSX Venture Exchange pending completion of the Propos
--->ed Qualifying Transaction.  Due to the disengagement of the Offer, trading in the common shares of WOW is anticipated 
--->to recommence once the Exchange has issued its reinstatement bulletin.  



For further information, please contact:
Kevin Russell: President, Chief Executive Officer and Chief Financial Officer of Wise Oakwood Ventures Inc. at:
Telephone: (780) 800-3010

Neither the 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.