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As at January 24, 2020

SaskWorks Diversified (Class A - Series A) $21.4205 SaskWorks Resources (Class R - Series A) $11.3676

SaskWorks Diversified (Class A - Series F) $23.5744 SaskWorks Resources (Class R - Series F) $11.9896

WestFire Energy Ltd. Announces $40 Million Bought Deal Financing, Expanded Capital Program and Upward Revisions to 2011 Guidance

February 15, 2011

CALGARY, ALBERTA–(Marketwire – February 15, 2010) –

WestFire Energy Ltd. (“WestFire” or the “Company”) (TSX:WFE) is pleased to announce a $40 million bought deal financing, increased 2011 capital program and upward revisions to its 2011 guidance.

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READ OUR PROSPECTUS > This offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained free of charge from your Investment Advisor or the agent, Industrial Alliance Securities Inc. (www.iasecurities.ca). Investors should read the prospectus and consult an Investment Advisor before making an investment decision.