Redishred Capital Corp. (“Redishred”) Announces Extension of Line Of Credit and Lawsuit Update

Three-Year Line of Credit Extension

Redishred Capital Corp. ("Redishred") (TSX-V: KUT) is pleased to announce that it has signed an amendment to its existing line of credit facility extending the facility's term from November 27, 2014 to November 27, 2017. The interest rate remains at 10% per annum, paid semi-annually and the facility remains at $6,034,000.

Lawsuit Update

On September 4th, 2013, the Court granted Proshred Franchising Corp's ("PFC") motion and dismissed all claims against PFC. As disclosed in our June 30, 2013 Financial Statements and MD&A, one franchisee remained in a legal complaint filed in June of 2010 against Redishred's subsidiary PFC. PFC moved to dismiss the litigant's claims in the first quarter of 2012.

Services

Redishred Capital Corp. is the owner of the PROSHRED(R) trademarks and intellectual property in the United States. PROSHRED(R) shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. PROSHRED(R) is a pioneer in the mobile document destruction and recycling industry and has the ISO 9001:2008 certification. It is PROSHRED(R)'s vision to be the 'system of choice' and provide shredding and recycling services on a global basis. Redishred Capital Corp. grants PROSHRED(R) franchise businesses in the United States and by way of license arrangement in the Middle East. Redishred Capital Corp. also operates four corporate shredding businesses directly. The Company's plan is to grow its business by way of both franchising and the acquisition and operation of document destruction businesses that generate stable and recurring cash flow through a scheduled client base, continuous paper recycling and concurrent unscheduled shredding service.

FOR FURTHER INFORMATION PLEASE CONTACT:

Redishred Capital Corp. (TSX.V - KUT)

Jeffrey Hasham, MBA, CA

Chief Executive Officer

[e-mail]

www.redishred.com

Phone: [phone] Fax: [phone]

or,

Redishred Capital Corp. (TSX.V - KUT)

Kasia Pawluk, CA

Chief Financial Officer

[e-mail]

www.redishred.com

Phone: [phone] Fax: [phone]

Note: Neither 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.