Mr. Peter Hinam reports

PARCELPAL ACHIEVES GOLD STATUS AS AMAZON FULFILLMENT PROVIDER AND EXPANDS DELIVERY TERRITORY

ParcelPal Technology Inc. has achieved a key milestone by delivering approximately 500,000 parcels since January. ParcelPal is now among the top-rated and fastest-growing providers for Amazon out of British Columbia, allowing the company to achieve gold status as an Amazon fulfilment provider. The company has met and exceeded expectations by the following key metrics of performance:

• 98.9-per-cent first delivery success rate;
• Less than 1.5-per-cent return on all parcels;
• 1,600 (defects per million opportunities) -- 20 per cent below the baseline standards.

The high quality of service provided to Amazon over the subsequent five months has allowed ParcelPal to aggressively grow its business and revenues that are expected to have grown by 25 per cent to 30 per cent from the company's benchmark Q4 2017 earnings through to Q1 2018 (please see SEDAR for financial statements). The company is now delivering specifically for Amazon in Surrey, South Surrey, Delta, Langley, Vancouver, Burnaby, Coquitlam and New Westminster for Amazon and expects to add additional territories.

"I am extremely proud of the work my team and I have done to achieve such a milestone in such an extremely short period of time. Gold status is an impressive achievement and is only reached by top-performing fulfilment providers. We are continuing to grow our company and exploring other opportunities within Amazon that work within our business model. We are also continuing to explore additional opportunities with other smaller and major e-commerce chains to provide a value-add uberization complement," stated Kelly Abbott, chief executive officer of ParcelPal.

Additionally, ParcelPal wishes to report that the company is in an adequate cash position and will update shareholders accordingly with operational, development and business development as they become material. The company wishes to let shareholders know that the company is working hard to complete year-end financials in a timely manner.

About ParcelPal Technology Inc.

ParcelPal is a technology-driven logistics company that connects consumers to the goods they love. Customers can shop at partner businesses and, through the ParcelPal technology, receive their purchased goods within an hour.

The company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities across Canada.

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