Woodrose Corporation: Special Shareholders Meeting Called for July 19, 2011

WOODROSE CORPORATION (TSX VENTURE:WRS.H) (the "Corporation"). The Corporation is
pleased to announce that it has called an annual and special shareholders
meeting on July 19, 2011 to be held at 10:00 a.m. (Calgary Time) at Suite 300,
714 - 1st Street S.E. Calgary, Alberta T2G 2G8.


At the special meeting, among other matters to be approved by way of ordinary
resolutions, shareholders will be asked to approve the following matters by way
of special resolutions: (i) the sale of substantially all of the Corporation's
remaining assets, being a commercial building; (ii) a reduction in the stated
capital of the common shares from $1,552,671 to $2,772 for the purposes of
distributing approximately $0.15 per share, with such amounts to be determined
by the board of directors in its sole discretion; and (iii) the consolidation of
the outstanding common shares on the basis of a ratio within the range of one
(1) post-consolidation share for up to five (5) outstanding pre-consolidation
shares, with such ratio to be determined by the board of directors in its sole
discretion. If all of the special matters described above are approved by
shareholders, the board of directors anticipates that a one time special
dividend of $0.05 will also be declared on the common shares after the special
meeting. 


The matters to be considered at the special meeting are described in the notice
of meeting and management Information Circular delivered to shareholders and
filed at www.SEDAR.com.


In light of the postal strike, shareholders who hold physical share certificates
("Registered Holders") can either fax an executed proxy to the Corporation's
transfer agent Equity Financial Trust Company, at [phone] or email the
name and address of the Registered Shareholder to:
[e-mail] to request a unique control number. Using the
control number provided by the transfer agent, Registered Holders can file an
executed proxy online at www.voteproxyonline.com. Executed proxies delivered by
fax delivery should include contact information of the Registered Shareholder.


Shareholders who hold their investment through a brokerage house or a depository
company ("Beneficial Shareholders") should contact their brokers directly as
each intermediary has its own form of proxy and return instructions. Beneficial
Shareholders may not use the form of proxy filed on www.SEDAR.com at the special
meeting. 


If Registered Shareholders have not received their shareholder material, they
should contact their brokerage house or depository company and ask to obtain
their voting control number and the steps of how to vote. Brokerage houses and
depository companies will have their own specific procedures on how to vote.
This could include internet voting, completing a form of proxy and faxing it,
directing a broker over the phone with voting instructions or some other method
as described by your brokerage house or depository company. 


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.