Mr. Alen Silverrstieen reports

IMAGINATION PARK CLOSES OVERSUBSCRIBED FINANCING

Imagination Park Entertainment Inc. has completed an oversubscribed non-brokered private placement financing of 25,239,318 units at a price of 12 cents per unit for gross proceeds of $3,028,718. Insiders participated in the financing and represented 44 per cent of the total units or $1,341,406.

Each unit comprises one common share and one non-transferable warrant, with each warrant entitling the holder to purchase one additional common share of the company for a period of up to 36 months at a price of 25 cents. The warrants, if fully exercised by holders thereof, would represent an additional $6,309,830 in proceeds to the company.

Further, the company paid $3,696 as finder's fees.

All securities issued pursuant to the private placement are subject to a four-month hold plus one day expiring on March 6, 2019.

"Since announcing the private placement about three weeks ago, investor response has exceeded our expectations," said Alen Paul Silverrstieen, Imagination Park's president and chief executive officer. "We have recently taken steps to focus the organization on sales and marketing and are working on advancing our 20 customer prospects in our sales funnel. The additional funds from the upsize provide us with at least 12 months of runway along with the pursuit of an intellectual property strategy. We look forward to updating our investors and the broader market as we advance these milestones."

The private placement is intended to provide a sufficient period of time for commercialization of the company's XenoHolographic product suite, one of the world's first platform-agnostic, cloud-based augmented reality enterprise platforms. Use of proceeds from the private placement include hiring additional sales and marketing personnel, securing patents, and pursuing new strategic partnerships and opportunities with leading brands.

About Imagination Park Entertainment Inc.

Imagination Park, through its wholly owned subsidiary XenoHolographic, creates engaging and interactive holographic content delivered by its cloud-based augmented reality enterprise platforms. The company provides augmented reality products for mobile phones and wearable headsets, as well as rapid deployment of AR solutions, without the need for developers, while integrating artificial intelligence (AI) and blockchain.

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