Mr. Mark Itwaru reports

PEEKS SOCIAL LTD. COMPLETES PRIVATE PLACEMENT

Peeks Social Ltd. has completed its first tranche of a non-brokered private placement of units to raise gross proceeds of up to $5.4-million. The closing of the first tranche on April 12, 2017, resulted in the issuance of 3,338,498 units for gross proceeds of $3,004,650. Mark Itwaru, the chief executive officer of the company, purchased 555,555 units ($500,000). Each unit was issued at a price of 90 cents per unit and consists of one common share and one common share purchase warrant of the company. Each warrant is exercisable to purchase one additional common share of the company at an exercise price of $1.10 per share for a period of 12 months from the date of issuance. A second closing is expected to be completed by April 28, 2017. The common shares and warrants will be subject to a four-month hold period.

To date, the company has received additional subscription agreements in relation to the second closing for 2,445,109 units ($2,200,600), for the proposed aggregate issuance of 5,783,607 units for gross proceeds of approximately $5.2-million. The company has received conditional acceptance from the TSX Venture Exchange for the private placement. The private placement is subject to the company obtaining final acceptance from the TSX-V upon the filing of required materials in due course.

The private placement proceeds will be used by the company for the marketing and advancement of the Peeks product, as well as for general corporate purposes.

We seek Safe Harbor.