EY

Extenway Solutions Inc. ("Extenway") (TSX VENTURE:EY) announced on October 15,
2012 a proposed private placement of Convertible Debentures (the "Debentures")
for a minimum of $ 3 million and a maximum of $ 6 million. Convertible
debentures (the "Debentures") of an aggregate principal amount of $3M (the
"Offering") were issued on November 30, 2012 (the "Closing Date") to investors
pursuant to exemptions under Regulation 45-106 respecting prospectus and
registration exemptions. The Company is in discussions with other potential
investors and may issue additional Debentures, up to the $ 6 million maximum, in
subsequent closings. 


"We are very pleased to have completed the first step of this financing in a
tough market", said John McAllister, President and CEO of Extenway.


The Debentures are unsecured, will mature on August 31, 2017, bear an annual
compounded interest rate of 12% and are convertible into common shares of
Extenway (the "Common Shares") at a conversion price of $0.13 if the conversion
iseffected no later than at 5:00 pm on April 29, 2016or $0.17 if the conversion
is effected thereafter, subject to customary adjustment provisions. The
Debentures and all underlying Common Shares are subject to a four-monthplus
one-day hold period from the Closing Date, expiring on March 31, 2013, pursuant
to securities legislation and the policies of the TSX Venture Exchange. 


The proceeds of the Offering will be used for working capital purposes.

IRR Capital Inc., an exempted market dealer, acted as finder for a portion of
the financing and received a commission of $105,000 and 250,000 sharepurchase
warrants to purchase Common Shares of Extenway at a purchase price of $0.13 per
common share if exercised no later than at 5:00 pm on April 29, 2016or at $0.17
per Common Share if exercised thereafter. The share purchase warrants expire on
the fifth anniversary of the Closing Date. 


One insider participated in the Offeringbysubscribing for Debentures in
theamount of $500,000, representing close to 17% of thetotal amount raised
through the Offering. The Debentures and all underlying Common shares offered in
the Offering have not been nor will they be registered under the United States
Securities Act of 1933, as amended, or state securities laws, and may not be
offered or sold in the United States or to an account for the benefit of US
persons, absent such registration or an exemption from registration.


About Extenway Solutions 

Extenway Solutions (TSX VENTURE:EY) provides technology solutions to the
healthcare sector. Among the services offered by Extenway are interactive
televisions, bedside patient terminals, Internet, entertainment, content
integration, advertising, education, and integrated solutions. Extenway allows
organizations to optimize the way they manage and coordinate interactions in the
areas of communications, information and entertainment. For more information,
visit www.extenway.com or follow us on Twitter @Extenway. 


Disclaimer - Safe Harbour Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking
statements. These forward-looking statements relate to the future financial
conditions, results of operations or business of Extenway. These statements may
be current expectations and estimates about the markets in which Extenway
operates and management's beliefs and assumptions regarding these markets. These
statements are subject to important risks and uncertainties which are difficult
to predict and assumptions which may prove to be inaccurate. The results or
events predicted in forward-looking statements may differ materially from actual
results or events. Extenway disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events, or otherwise. In particular, forward- looking statements do not
reflect the potential impact of any merger, acquisitions or other business
combinations or divestitures that may be announced or completed after such
statements are made.


FOR FURTHER INFORMATION PLEASE CONTACT: 
John McAllister
President and CEO
Extenway Solutions Inc.
514 694-1916


Marie-Helene d'Entremont
Zone franche
514 371-5715, ext. 204
mhdentremont@zonefranche.ca

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