Woodrose Corporation: Special Distribution and Dividend of $0.20

WOODROSE CORPORATION (TSX VENTURE:WRS.H) (the "Corporation") August 12, 2011.
The Corporation is pleased to announce that pursuant to the approval of
shareholders received on July 19, 2011, the stated capital of the common shares
has been reduced from $1,552,671 to $2,772 resulting in a special distribution
of $0.15 per common share.  


The Corporation is also pleased to announce that a one time special dividend of
$0.05 has been declared on the common shares. For Canadian resident shareholders
the special dividend is designated as an "eligible dividend" for purposes of the
enhanced dividend tax credit rules contained in the Income Tax Act (Canada)
("Tax Act") and any corresponding provincial and territorial tax legislation.
The payment of the special dividend to non-resident Canadian shareholders will
be subject to with-holding taxes in accordance with the provisions of the Tax
Act.  


The special payment of $0.15 per share and special dividend of $0.05 per share
will be payable to shareholders of record on August 19, 2011, on or about August
24, 2011. 


Reader Advisory

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, anticipated distributions or dividends to
shareholders. Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no assurance that such
expectations will prove to be correct. Consequently, there is no representation
that the distributions or dividends actually paid to shareholders, if any, will
be the same, in whole or in part, as those set out in the forward-looking
information. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Investors are cautioned not to place undue reliance on
forward-looking information. 


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the securities in any state of
the United States or any other jurisdiction outside of Canada in which such
offer, solicitation or sale would be unlawful. The securities have not been
registered under the U.S. Securities Act of 1933, as amended, or any state
securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the U.S. Securities Act of 1933 and applicable state securities laws.