Windfire Arranges Private Placement

Windfire Capital Corp. (TSX VENTURE:WIF) ("Windfire"), Clive Massey, President
of Windfire, announces it has reached an agreement with placees to complete a
non-brokered private placement of up to 2,000,000 units (the "Units") at a price
of $0.45 per unit, for gross proceeds of up to $900,000 (the "Private
Placement"). Each Unit will consist of one common share and one half share
purchase warrant, each share purchase warrant being exercisable for a period of
two years at a price of $0.60 per share. Finders' fees in accordance with the
rules of TSX Venture Exchange will be paid on the Private Placement.


Proceeds from the private placement will be used to fund exploration on the
Company's Princeton Gold Project, where a new gold discovery has been made and
for general working capital.


All securities issued pursuant to this financing are subject to a four month
hold period from the date of issuance. The Private Placement is subject to
approval from the TSX Venture Exchange.


You may also visit the website at www.windfirecapital.com.

Windfire Capital Corp.

Clive Massey, President and CEO

Except for historical information contained herein, this news release contains
forward-looking statements that involve risks and uncertainties. Actual results
may differ materially. The Company will not update these forward-looking
statements to reflect events or circumstances after the date hereof. More
detailed information about potential factors that could affect financial results
is included in the documents filed from time to time with the Canadian
securities regulatory authorities by the Company.

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