VANCOUVER, Feb. 3, 2017 - Fireswirl Technologies Inc. (TSXV: FSW) ("Fireswirl" or the "Company") is pleased to announce that it has entered into a definitive share purchase agreement (the "Agreement") with the sole shareholder (the "Vendor") of AMZON (HK) Limited ("AMZON"), to acquire 60% of the issued and outstanding common shares ("Shares") of AMZON in consideration for an aggregate purchase price (the "Purchase Price") of HK$7.2 million (approximately C$1.2 million). The Purchase Price is payable by the Company in three instalments as follows: (a) HK$4.8 million (approximately C$800,000) in consideration for 40 Shares no later than 14 days after all of the conditions precedent in the Agreement have been fulfilled; (b) HK$1.2 million (approximately C$200,000) in consideration for an additional 10 Shares no later than 30 days after the first payment date; and (c) HK$1.2 million (approximately C$200,000) in consideration for an additional 10 Share no later than 30 days after the second payment date, on the terms and conditions set forth in the Agreement.