EY

Extenway Solutions Inc. ("Extenway")(TSX VENTURE:EY) is pleased to announce that
it completed on October 19, 2011 a first closing in connection with its
previously announced private placement (the "Offering"). 


The Offering was comprised of 19,230,770 common shares (the "Common Shares") of
Extenway at a price of $0.13 per share for gross proceeds of $2,500,000. 


The proceeds of the Offering will be used to the pay the transaction costs and
for working capital purposes. 


IBS Capital, s.e.n.c., a Montreal-based Exempt Market Dealer, is entitled to a
finder's fee in connection with the Offering, which finder's fee is equal to
$175,000 (plus applicable taxes). 


All Common Shares issued to subscribers under the Offering are subject to a
four-month and one (1) day hold period until February 20, 2012, pursuant to
securities legislation and the policies of the TSX Venture Exchange. The Common
Shares issued pursuant to the Offering have not been nor will they be registered
under the United States Securities Act of 1933, as amended, or state securities
laws, and may not be offered or sold in the United States or to an account for
the benefit of US persons, absent such registration or an exemption from
registration. 


Two insiders participated in the Offering subscribing for 1,700,031 Common
Shares in consideration for a purchase price of $221,004.03, which subscription
represents 8.84% of the Offering. 


About Extenway Solutions Inc. 

Extenway Solutions Inc. (TSX VENTURE:EY)(www.extenway.com) provides IT,
communications, entertainment and education solutions to the healthcare sector.
Extenway terminals offer a wide range of integrated content and services,
including television, Internet, Microsoft Office, and video conferencing. The
terminals also offer the possibility of managing patient appointments and
regulating a patient's bedroom environment. Extenway allows healthcare
organizations to optimize the way they manage and coordinate interactions
between patients, medical staff and those working in administration. The company
is based in Baie D'Urfe in the Montreal region of Canada. For more information,
visit www.extenway.com.


Disclaimer - Safe Harbour Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking
statements. These forward-looking statements relate to the future financial
conditions, results of operations or business of Extenway. These statements may
be current expectations and estimates about the markets in which Extenway
operates and management's beliefs and assumptions regarding these markets. These
statements are subject to important risks and uncertainties which are difficult
to predict and assumptions which may prove to be inaccurate. The results or
events predicted in forward-looking statements may differ materially from actual
results or events. Extenway disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events, or otherwise. In particular, forward-looking statements do not
reflect the potential impact of any merger, acquisitions or other business
combinations or divestitures that may be announced or completed after such
statements are made.

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