Extenway Solutions Inc. ("Extenway") (TSX VENTURE:EY) is pleased to announce that it has completed yesterday a first closing in connection with its previously announced private placement (the "Offering").

The Offering was comprised of 19,230,801 common shares (the "Common Shares") of Extenway at a price of $0.13 per share for gross proceeds of $2,500,004.

The proceeds of the Offering will be used to the pay the transaction costs and for working capital purposes.

IBS Capital, s.e.n.c., a Montreal-based Exempt Market Dealer, is entitled to a finder's fee in connection with the Offering, which finder's fee is equal to $175,000 (plus applicable taxes).

All Common Shares issued to subscribers under the Offering are subject to a four-month and one (1) day hold period until February 20, 2012, pursuant to securities legislation and the policies of the TSX Venture Exchange. The Common Shares issued pursuant to 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.

One insider participated in the Offering subscribing for 1,507,724 Common Shares in consideration for a purchase price of $196,004.12, which subscription represents 7.84% of the Offering.

About Extenway Solutions Inc.

Extenway Solutions Inc. (TSX VENTURE:EY) (www.extenway.com) provides IT, communications, entertainment and education solutions to the healthcare sector. Extenway terminals offer a wide range of integrated content and services, including television, Internet, Microsoft Office, and video conferencing. The terminals also offer the possibility of managing patient appointments and regulating a patient's bedroom environment. Extenway allows healthcare organizations to optimize the way they manage and coordinate interactions between patients, medical staff and those working in administration. The company is based in Baie D'Urfe in the Montreal region of Canada. For more information, visit www.extenway.com.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Alexandra Graveline Zone franche 514-371-5715, ext. 203agraveline@zonefranche.ca David Brown Chief Financial Officer Extenway Solutions Inc. 514-694-1916 514-694-4280 (FAX)