Jemi Fibre Corp. Updates Financing

Vancouver, British Columbia--(Newsfile Corp. - May 23, 2014) - Jemi Fibre Corp. (TSXV: JFI) ("Jemi Fibre" or the "Company") is pleased to announce that it has re-priced the Company's financing, which was previously announced on February 13, 2014. In connection with this financing, the Company is undertaking a non-brokered private placement (the "Offering") to sell up to 16,000,000 units (the "Units") at a price of $0.1875 per Unit for aggregate proceeds of up to $3,000,000.

Each Unit consists of one common share of the Company and one full share purchase warrant. Each warrant will entitle the purchaser to purchase an additional common share at a price of $0.25 per share for a period of five years following the closing of the offering. The net proceeds of the Offering will be used to meet a condition of the closing of the acquisitions, which were previously announced on February 13, 2014 (the "Acquisitions"), and for general working capital purposes.

It is anticipated that Insiders, as that term is defined under the policies of the TSX Venture Exchange (the "Exchange"), will subscribe for Units in the Offering.

The securities issued under the Offering will be subject to a four month hold period from the date of closing of the Offering.

Concurrent with the closing of the Offering, the Company intends to exchange up to $225,000 of debt owed to certain management of the Company into common shares of the Company at a price of $0.1875 per share.

The Offering and the shares for debt exchange are subject to the approval of the Exchange. The Exchange has granted conditional approval of the Acquisitions.

Upon completion of the Acquisitions, the Offering and the shares for debt exchange, the Company anticipates that it will have 47,995,304 common shares issued and outstanding.

The company is proceeding to attend to the closing of the above noted transactions.

ON BEHALF OF THE BOARD OF DIRECTORS
JEMI FIBRE CORP.

"Michael Ainsworth"
______________________
Michael Ainsworth
CEO and President

For further information, please contact:

Brent Lokash, EVP
Tel: 1 604 862-5190
Email: brent.lokash@jemifibre.com

Special Note Regarding Forward-Looking Statements

Certain statements included herein constitute forward-looking statements. The words "expect", "intend", "anticipate", "propose" and "may" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding future financings, and the development and operation of Jemi Fibre's business. Forward-looking statements are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management teams of Strata, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks and accordingly may not occur as described herein or at all. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.

Neither the 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 news release.