General Business Update

February 4, 2008 – Vancouver, British Columbia - Fireswirl Technologies Inc. (TSXV: FSW) “the company” wishes to provide an update on the following:

Business Update

The company expects to implement the following projects in Q1 2008:

In June 2007 the company acquired a 3G Platform enabling interactive video content to be deployed by mobile carriers. The platform was installed with Hutchison Telephone Company (Macau) Limited (HT) and a reseller agreement is in place whereby the company will receive a portion of the HT network revenue based on usage by the end user. In fall 2007 the company commenced development of a gaming suite consisting of baccarat, blackjack, slots, and video poker whereby contestants using their 3G mobile devices can compete for prizes. Beta testing of this 3G content is completed and the company anticipates entering a content reseller agreement with mobile carriers in the networks it is intended to be deployed within.

Throughout 2007 the company added new games and updated its online gaming suite, most recently converting its poker suite to a “flash based client” versus “downloadable windows application client.” The company is expecting to deploy the flash based poker software within eligible partnering programs of popular social networking platforms. The poker suite will initially be on a play for free basis with the company expecting to derive future revenues from advertising.

Fireswirl is at final stages of completing a business to business (B2B) website that caters to an English and Chinese forum of users either operating or wishing to operate in China. Developed from our Shenzhen offices in China, based on the company's first hand experiences, the site will provide business oriented information with links, FAQ's, and the ability for members to catalogue their business. Our initial business case is to derive revenues from its memberships with future expectations to achieve B2B transactional fees between the members.

Investor Relations

The company has elected not to renew their investor relations contract with Ascenta Capital Partners Inc. and has not selected a replacement at this time.

Board Committees

On January 2, 2008 the company announced the addition of Ji Yoon and James Borkowski to the board of directors. The company's board committees are now composed as follows:

Audit Committee
Ji Yoon, Director (Chair)
Steven Hsieh, Director
Dale Peterson, Chief Executive Officer, President, Director

Compensation & Corporate Governance Committee
James Borkowski, Director (Chair)
Steven Hsieh, Director
Ji Yoon, Director

About Fireswirl

Fireswirl Technologies Inc. (TSXV: FSW) is focused on creating transactional revenue by engineering electronic and mobile commerce solutions for content providers. The Company's technology has broad applications for solutions requiring multiple payment interfaces, multi-currency and multi-language capabilities. Our solutions can be adapted to any industry seeking high volume or micro-payment solutions involving a wide base of users through internet or wireless applications.

Forward Looking Statement

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Fireswirl with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to risks associated with foreign countries, changes in laws and regulations, proprietary protection, dependence on market growth, foreign exchange fluctuations, regulatory requirements and dependence on the internet and system infrastructure. These risks, as well as others, could cause actual results and events to vary significantly. Fireswirl does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

Further information can be found on Fireswirl's website: www.fireswirl.com.

Head Office

Dale Peterson, President & CEO
Fireswirl Technologies Inc.
Phone: 604.685.9555 Ext 230
Fax: 604.605.0633
Website: www.fireswirl.com
Email: dpeterson@fireswirl.com