Marchwell Ventures Ltd. (TSX VENTURE:MVE.H) (the "Corporation") - Further to the
Corporation's press release dated February 15, 2012 which announced the terms of
settlement of the consulting services agreement (the "Consulting Services
Agreement") between the Corporation and Ionic Management Corp. ("Ionic"), the
Corporation reports that it has issued 373,333 units of the Corporation to
Ionic, as described in the referenced press releases above and that the debt is
fully extinguished. All securities issued pursuant to the settlement of the
Consulting Services Agreement will be subject to a statutory hold period
expiring on July 3, 2012.
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