Fireswirl Technologies announces vend of subsidiary

February 22, 2007 - Vancouver BC - Fireswirl Technologies Inc. (TSXV:FSW) ("Fireswirl"), announces the completion of a $4.5 million private placement financing. This is an increase of $1.5 million to the $3 million financing announced January 31, 2007. The financing consisted of 4.5 million units at a price of $1.00 per unit. Each unit entitles the purchaser to one common share and one half warrant. Each full warrant will be exercisable at $1.25 for a period of two years from the date of closing. The warrants include a forced conversion clause that will come into effect if the price of the underlying shares exceeds $1.50 for a period of 30 consecutive trading days. The offering of the units was completed on a non-brokered private placement basis. The aggregate amount of $313,600 will be paid by Fireswirl for finder's fees. The proceeds of the financing will be used for the development of new products and the expansion of Fireswirl's markets, particularly in Asia, and for general corporate purposes. The expiry date of the hold period for the securities being issued is June 23, 2007.

“The demand for the financing was significant and we are extremely pleased to have received such strong support from both existing and new investors,” says Dale Peterson, Fireswirl’s CEO. “Fireswirl operates within high growth sectors where first mover advantage is essential. This new funding will allow us to readily consider new opportunities and expedite the deployment of our current projects.”

About Fireswirl Technologies Inc.

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 those requiring multiple payment interfaces, multi-currency and multi-language capabilities. It can be adapted to any industry seeking high volume or micro-payment solutions involving a wide base of users.

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.

For more information:

Dale Peterson CEO

Fireswirl Technologies Inc.
Phone: 604.685.9555 Ext. 230
Fax: 604.677.6613
Website: www.fireswirl.com
Email: dpeterson@fireswirl.com

Investor Relations:

Keir Reynolds, Ascenta Capital Partners Inc.
Phone: 604.684.4743 Ext 231
Toll free: 1.866.684.4743
Email: keir@ascentacapital.com