NHL Players Corson and Green Invest in Kewl.

Business Editors

BARRIE, Ontario--(BUSINESS WIRE)--Nov. 14, 2001

The Kewl Corporation (the "Company") (CDNX:YKL) is pleased to announce that it proposes two separate private placements.

The Company has arranged a private placement of a convertible debenture in the principal amount of $200,000 with Shayne Corson. Corson, No. 27 with the Toronto Maple Leafs, and Darcy Tucker, No. 16 of the same team are both founders, directors and major shareholders of the Company. On top of Corson's current investment, he has committed to the convertible debenture for the Company, which will be due 24 months from closing, with an above market interest rate, payable quarterly. The principal amount of the convertible debenture may be converted, on or before the due date, into units of the Company at a conversion price of $0.25 per unit in the first year, and $0.30 in the second year. Each unit will consist of one common share and one half share purchase warrant. Each whole warrant will entitle the holder to acquire one common share of the Company for two years up to the maturity date at a price of $0.25 if exercised in the first year and $0.30 if exercised in the second year.

Corson was quoted today, "As one of the original founders in Kewl, I have watched the growth of a start-up company to where it is today, and I am thrilled with how our brand is being recognized throughout the NHL players, and most importantly, the fans. We are going for the gold, nationally and internationally."

In addition, and further to the financing announcement released November 6, 2001, Travis Green, No. 39 with the Toronto Maple Leafs, has agreed to a $100,000 private placement at a price of $0.25 per Unit, each Unit consisting of one common share and one warrant ("Warrant"). The Warrants shall expire one year from the date of issuance. Each Warrant entitles the holder to acquire one additional common share at an exercise price of $0.50 per share for the first 6 months and $1.00 per share for the remaining 6 months. Travis was quoted today as saying, "I love the Kewl products. I wear them daily, and the quality is second to none. I think that this company is going to be a huge success." This private placement is a portion of the $1,000,000 in financing disclosed November 6, 2001.

Both transactions are subject to approval from the Canadian Venture Exchange.

KEWL ("cool") is a new hockey company, committed to delivering imaginative apparel influenced by the sport and culture of hockey. Developed by professional hockey players and individuals born and bred on the game, illustrating a specific style, spirit and character inspired by the KEWLest sport in the world.

For more information, please contact: Mark Komonoski, Director - 1-888-677-5677 or [e-mail] www.KEWL99.net

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.