CORONUS SOLAR INC.

Vancouver, B.C. – October 15, 2013 – Jeff Thachuk, President of Coronus Solar Inc. (the “Company”) announced today that, as reported in the Company’s News Release of March 18, 2011, on January 24, 2011, the Company’s previously-owned, wholly-owned subsidiary, Coronus Energy Corp. (“Coronus”), entered into a Vacant Land Purchase Agreement (the “Newberry Springs Agreement”) to acquire a 20 acre parcel of vacant land, situated in Newberry Springs, in the County of San Bernardino, California (the “Newberry Springs Parcel”). The purchase price was USD $45,000. Coronus paid USD $8,000 and the vendor agreed to carry back the balance amount of USD $37,000 for two years at 6.5% per annum interest, with monthly payments of interest only. The transaction closed on March 17, 2011. As reported in the Company’s News Release of May 20, 2013, on May 9, 2013, the parties agreed on a one-year extension to the Note. All other terms of the Note remained the same. The Company reports today, that on September 13, 2013, Coronus transferred ownership of the Newberry Springs Parcel to the Company, to settle USD $8,000 in debt owing to the Company by Coronus. As part of the transaction, the Company assumed the obligations under the Note.

As reported in the Company’s News Release of May 16, 2011, on January 23, 2011, Coronus entered into a Vacant Land Purchase Agreement (the “29-Palms North Agreement”) to acquire a 39.25 acre parcel of vacant land, situated north of 29-Palms, in the County of San Bernardino, California (the “29-Palms Parcel”). The purchase price was USD $40,000. Coronus paid USD $8,000 and the vendor agreed to carry back the balance amount of USD $32,000 for two years at 6.5% per annum interest, with monthly payments of interest only. The transaction closed on May 16, 2011. As reported in the Company’s News Release of May 20, 2013, on May 17, 2013, Coronus paid the balance amount of USD $32,000, retiring the vendor's note. Accordingly, Coronus then owned the parcel unencumbered. The Company reports today, that on September 13, 2013, Coronus transferred ownership of the 29-Palms Parcel to the Company, to settle USD $40,000 in debt owing to the Company by Coronus.

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On behalf of the Board of Directors,

Coronus Solar Inc.

“Jeff Thachuk ”

Jeff Thachuk
President

Forward Looking Statements: Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

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