Mr. Steve Levely reports

ACKROO ACQUIRES D1 MOBILE'S APPETITEATRADEMARK MOBILE PAYMENT, LOYALTY AND ENGAGEMENT PLATFORM

Ackroo Inc. and D1 Mobile have reached an agreement for Ackroo to acquire the assets of D1 Mobile that pertain to mobile payment and loyalty. Under the terms of the acquisition, Ackroo will acquire (1) D1 Mobile's Appetite mobile pay and loyalty platform and (2) D1 Mobile's customer base of 281 locations. In consideration for these assets, Ackroo will issue 500,000 common shares and will pay a performance-based cash bonus to D1 Mobile during the first 24 months following the acquisition.

"The acquisition of D1 Mobile's Appetite platform and customer base is an exciting advancement for Ackroo," commented Steve Levely, chief executive officer of Ackroo. "As the company continues to pursue consolidation in a crowded gift card and rewards landscape, opportunities to acquire businesses or assets like the D1 Mobile Appetite platform and their merchants help position Ackroo for even greater success and scale. Strategically, the company plans to further develop the mobile aspect of its offering as the demand for our products to evolve in this direction grows daily. Daniel and the team at D1 Mobile have done an amazing job developing their technology and growing a customer base that we strongly believe will facilitate Ackroo's next phase of growth. We look forward to working with the D1 Mobile team and the great brands they have supported."

Daniel Ezer, president and founder of D1 Mobile, stated: "We are excited about the opportunity to combine our Appetite platform with Ackroo's existing infrastructure. We are confident that our existing client base will gain tremendous value from the breadth of additional services that Ackroo offers. Likewise Ackroo's current customer base will benefit from the new mobile infrastructure that Appetit brings. We are excited to join Ackroo's very competent management team and believe the acquisition will prove to be a win for all parties involved."

The acquisition, and the share issuance contemplated therein, remain subject to the final approval of the TSX Venture Exchange. All shares issued in connection with the acquisition will be subject to a statutory hold period expiring four months and one day after issuance.

We seek Safe Harbor.