iFabric Announces Grant of Stock Options

iFabric Corp. (TSX VENTURE:IFA) ("iFabric" or the "Corporation") announces that
it granted options on January 16, 2013, to acquire up to 1,450,000 common shares
of the Corporation to directors and employees of the Corporation at an exercise
price of $0.40 per share. These options were previously outlined in the
Corporation's Filing Statement filed on SEDAR on April 27, 2012, and further
noted in the notes to the audited financial statements filed on SEDAR on January
31, 2013.


Executive directors, Hilton Price and Cortney Aranoff, have been granted 500,000
options each. The options for Mr. Price vest in full immediately and those for
Ms. Aranoff vest over five years, with the first 100,000 vesting immediately and
then 100,000 on each of the subsequent anniversaries of the date of grant.
Independent directors, Jeff Coyne, Mark Greenspan and Jason Garay, have been
granted 100,000 options each which vest in full immediately. Two employees of
iFabric were also granted 75,000 options each and 25,000 of these vest
immediately and 25,000 on each of the subsequent two anniversaries of the date
of grant. All of these option grants are for a five year term.


The granting of these options is subject to the approval of the TSX Venture
Exchange. 


ABOUT iFABRIC

iFabric is a manufacturer, distributor, licensor and licensee of ladies intimate
apparel products and accessories as well proprietary chemical compounds that
render fabrics intelligent, thereby improving the safety and well-being of the
wearer. The Corporation currently has 25.2 million shares issued and
outstanding.


Forward-looking statements provide an opinion as to the effect of certain events
and trends on the business. Certain statements contained in this news release
constitute forward looking statements. The use of any words such as
"anticipate", "continue", "estimate", "expect", "may", "will", "project",
"should", "believe" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are based on
current expectations and various estimates, factors and assumptions and involve
known and unknown risks, uncertainties and other factors. Forward-looking
information includes, but is not limited to, statements with respect to the
development potential of the Company's products. Forward-looking statements are
based on the opinions and estimates of management as of the date such statements
are made. Readers are cautioned not to place undue reliance on these statements
as the Company's actual results, performance, or achievements may differ
materially from any future results, performance or achievements expressed or
implied by such forward-looking statements if known or unknown risks,
uncertainties or other factors affect the Company's business, or if the
Company's estimates or assumptions prove inaccurate. Therefore, the Company
cannot provide any assurance that forward-looking statements will materialize.
The Company assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or any other
reason except as required by applicable securities laws. 


Any financial outlook or future oriented financial information in this news
release, as defined by applicable securities legislation, has been approved by
management of iFabric. Such financial outlook or future oriented financial
information is provided for the purpose of providing information about
management's reasonable expectations as to the anticipated results of its
proposed business activities. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. The forward-looking
statements contained in this press release are made as of the date hereof and
the Company undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
iFabric Corp.
Hilton Price
CFO
[e-mail]
http://www.ifabriccorp.com