Woodrose Corporation: Declaration of Special Dividend

WOODROSE CORPORATION (TSX VENTURE:WRS.H) (the "Corporation") announces that the
board of directors has approved the payment of a one time special dividend of
$0.45 per common share. The special dividend will be payable to shareholders of
record as of the close of business on November 2, 2010. Distribution of the
special dividend to shareholders will be on or about November 9, 2010.


Upon payment of the special dividend, the Corporation's remaining assets will
consist of: (i) land and a building; (ii) general working capital, in addition
to rental income from two commercial leases in the building; (iii) a hold back
in the amount of $250,000 being held by an escrow agent appointed by the
Corporation and Middleby Corporation ("Middleby"), which amount shall be
released to the Corporation on or about July 14, 2011, provided that the
representations and warranties of the Corporation specified in the Purchase and
Sale Agreement with Middleby are materially accurate; and (iv) entitlements to
receive royalty payments based on the gross revenues realized by Middleby from
the "Perfect Pop" technology, as described in the Corporation's press release
dated May 20, 2010.


This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Corporation. Investors are cautioned that these forward looking
statements are neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially from those
expected. These forward-looking statements are made as of the date hereof and,
except as required under applicable securities legislation, the Corporation does
not assume any obligation to update or revise them to reflect new events or
circumstances.