Mr. Daryl Katz reports

DAK INVESTMENTS CORP. ACQUIRES SHARES OF BLACKLINE GPS

DAK Investments Corp. has acquired 1.6 million common shares of Blackline GPS Corp., pursuant to the exercise of 1.6 million warrants to purchase common shares at an exercise price of $1.50 per share.

The 1.6 million common shares acquired by DAK pursuant to the exercise of the warrants represent approximately 7.05 per cent of the outstanding common shares, on a non-diluted basis. As a result of the exercise of the warrants and the acquisition of common shares pursuant thereto, DAK has ownership of 6,530,782 common shares (28.77 per cent of the outstanding common shares on a non-diluted basis). After the exercise of the warrants, DAK, including other companies under common control and direction with DAK by virtue of being under the control and direction of Darryl Katz (Katz Group), beneficially owns and controls an aggregate of 6,879,782 common shares (30.31 per cent of the outstanding common shares on a non-diluted basis), an additional 1,304,348 warrants to purchase common shares and 250,000 options to purchase common shares. If the other warrants and options owned or controlled by the Katz Group were exercised in full, the Katz Group (including companies under common control and direction with DAK) would beneficially own and control an aggregate of 8,434,130 common shares (including the 1.6 million common shares acquired pursuant to the exercise of the warrants), representing approximately 34.78 per cent of the then-outstanding common shares (assuming no other common shares, other than the common shares issuable on exercise of the other warrants and options owned by DAK had been issued from the date hereof).

DAK acquired the securities of Blackline referred to herein for investment purposes and may, in the future, increase or decrease its ownership of securities of Blackline, directly or indirectly, from time to time depending upon, among other things, the business and prospects of Blackline and future market conditions.