Mr. Johnson Joseph reports

PEAK SHARES TO RESUME TRADING AND PEAK PROVIDES UPDATED LONGKEY FINANCIAL FIGURES

Peak Positioning Technologies Inc. is providing updated financial information further to its news release dated April 17, 2013. A trading halt on the company's shares had been in effect since the announcement of the company's intentions to acquire its Chinese partner, LongKey Hong Kong Ltd., on April 17, 2013. Peak expects the TSX Venture Exchange will be in a position to reinstate trading in the common shares of company on or about Monday, May 27, 2013.

Further to the news release dated April 17, 2013, the company has received the 2011 and 2012 audited financial statements of LongKey's operating subsidiary, LongKey Wuxi Software Technology Ltd. (LK-Wuxi). It should be noted that LongKey is a holding company, the sole assets of which consist of cash and LK-Wuxi. Peak has requested, and LongKey has initiated, the process to provide Peak with consolidated IFRS compliant financial statements. Meanwhile, Peak has obtained LK-Wuxi's financial statements, which were prepared and audited based on Chinese accounting standards for business enterprises (ASBE). This means that the information contained in these financial statements may differ materially had the statements been prepared and audited under international financial reporting standards.

                          SUMMARY OF KEY FIGURES
                            (in U.S. dollars)

Item               Fiscal year ended Dec. 31,     Fiscal year ended Dec. 31,
                                        2011                           2012

Current assets                      $836,942                     $1,038,160
Total assets                      $5,490,042                     $5,919,174
Current                                                                    
liabilities                         $226,530                       $441,474
Total                                                                      
liabilities                         $307,939                       $508,497
Revenues                          $1,654,942                     $1,771,464
Net income                          $235,022                      ($322,531)

The loss reported in 2012 can be attributed in part to the fact that LK-Wuxi made significant investments during the year, such as the opening of a new office in the city of Taizhou, to prepare for the distribution of the AiNi mobile cloud platform jointly developed with Peak.

The financial highlights provided relate to LK-Wuxi's operations only and do not include any financial data from LongKey itself, LK-Wuxi's parent company and the entity being acquired by Peak.

Notwithstanding the fact that consolidated financial information is not yet available, LongKey is a private holding company that has never carried on any activities, has no current operations and no employees. As at Dec. 31, 2012, and April 30, 2013, LongKey had a cash balance of approximately $8,350 (U.S.). LongKey has no liabilities or financial transactions other than certain intercompany transactions between it and LK-Wuxi. The nature of the financial transactions between LongKey and LK-Wuxi relate to flow-through transactions (money received and disbursed) to facilitate the flow of funds between LK-Wuxi and foreign third parties such as Peak. The proceeds of sales and purchases transactions between LK-Wuxi and these third parties flow-through LongKey Hong Kong with no markups or discounts. The consolidated financial impact of these intercompany transactions is nil on both LongKey's and LK-Wuxi's financial statements. Therefore, although the financial highlights presented above are from LK-Wuxi's audited financial statements, they also provide a fair indication of the expected income statement figures of LongKey's consolidated statements once these statements are produced. Peak will publish highlights of LongKey's IFRS-compliant audited consolidated financial statements in a subsequent news release once available.

In addition to the formal request of all relevant documents from LongKey, such as the aforementioned IFRS-compliant audited consolidated financial statements, to complete its continuing due diligence, Peak has sought the advice of experts in the field foreign entities doing business in China in order to optimize the postacquisition legal and operational structure of its transaction with LongKey. More details on the relevant aspects of the due diligence process, as well as the possible postacquisition legal and operational structure of the entity in China will be release once available.

As the proposed acquisition of LongKey by Peak requires approval of the TSX Venture Exchange, the company intends to continue to follow the guidelines set out by the TSX-V in order to obtain the TSX-V's approval of the proposed transaction.

The terms of the promissory notes for a total amount of $55,000 (Canadian), issued as part of the financing closed on April 30, 2013, and for which 220,000 bonus shares were issued, have also been changed from nine months to 12 months and now have a maturity date of April 30, 2014.

We seek Safe Harbor.