Woodrose Corporation Announces Debt Financing

Woodrose Corporation (TSX VENTURE:WRS.H) ("Woodrose" or the "Company") is
pleased to announce a debt financing to raise gross proceeds of up $450,000 (the
"Debt Financing"). 


Pursuant to loan agreements (the "Loan Agreements") to be entered into between
the Company and certain lenders (the "Lenders") each Lender will agree to loan
the Company up to $75,000, which may be drawn down in advances of a minimum of
$5,000 at a time. The loans will bear interest at a rate of 8% per annum and
will mature on the earlier of: (a) the date the Company completes its previously
announced transaction to acquire 100% of the outstanding shares of Viking Energy
(SC-6 Cadlao) Limited (the "Proposed Transaction"); (b) the date the letter
agreement or any definitive agreement in respect of the Proposed Transaction is
terminated; and (c) June 30, 2014.


Upon completion of the Proposed Transaction, any amounts outstanding under the
Loan Agreements will automatically convert into common shares of the Company at
a conversion price of $0.50 (post-Consolidation) or such other price as the
Company completes its previously announced concurrent financing (the "Concurrent
Financing"). In the event the Proposed Transaction does not complete, the
Company will have the right, at its sole option, to convert any amounts
outstanding under the Loan Agreements into common shares of the Company at a
conversion price equal to the minimum price permitted by the TSX Venture
Exchange. 


As referred to above, the Company has previously announced that, as a condition
to the completion of the Proposed Transaction, it will consolidate all of the
issued and outstanding 8,196,374 common shares into 3,800,000 common shares (the
"Consolidation"). For further details on the Proposed Transaction, the
Consolidation and the Concurrent Financing, please refer to the Company's news
release dated December 11, 2013.


The Company intends to use the proceeds of the Debt Financing for working
capital. All securities issued pursuant to the Debt Financing will be subject to
a statutory hold period of four months and one day. Completion of the Debt
Financing remains subject to the approval of the TSX Venture Exchange.


ON BEHALF OF WOODROSE CORPORATION

Darren Devine, President, CEO and Director

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Cautionary Note Regarding Forward-Looking Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, included
herein including, without limitation, statements about the terms and completion
of the Debt Financing, are forward-looking statements. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements,
or other future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, failure to find suitable lenders
for the Debt Financing, failure to satisfy all conditions precedent to the Debt
Financing, including approval of the TSX Venture Exchange. Forward-looking
statements are made based on management's beliefs, estimates and opinions on the
date that statements are made and the respective companies undertakes no
obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue certainty to
forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Woodrose Corporation
Darren Devine
[phone]