Mr. Johnson Joseph reports

PEAK CLOSES $230K PRIVATE PLACEMENT FINANCING

Peak Positioning Technologies Inc. has closed a private placement financing of $230,000.

The financing consisted of the sale of 1,533,333 units at a price of 15 cents per unit for gross proceeds of $230,000. Each unit is composed of one common share and one common share purchase warrant entitling the warrantholder to purchase one common share at a price of 20 cents for a 24-month period. Peak paid a cash commission finder's fee, to eligible persons who helped place the units, equal to 8 per cent of the gross proceeds of the units they helped place. Peak also granted finders' compensation options to the same eligible persons who helped place the units entitling them to purchase a number of Peak common shares equal to 8 per cent of the total number of units they helped place, at the price of 20 cents per common share for a 24-month period following the closing date.

The securities issued pursuant to the financing are subject to a hold period expiring four months and one day from the date of closing.

The company will use the proceeds of the financing to finalize a transaction in which it will acquire the rights to a fintech commercial lending platform and for working capital purposes.

Exercise of warrants

Peak also announced the following exercise of warrant transactions that resulted in total net proceeds of $243,328.75 for the company:

• On March 7, 2017, the company issued 1,475,000 common shares at a price of 2.5 cents per share as a result of the exercise of common share purchase warrants for net proceeds of $36,875.
• On March 16, 2017, the company issued 450,000 common shares at a price of 2.5 cents per share as a result of the exercise of common share purchase warrants for net proceeds of $11,250.
• On March 23, 2017, the company issued 5,448,150 common shares and 380,000 common shares at a price of 2.5 cents and five cents per share, respectively, as a result of the exercise of common share purchase warrants for net proceeds of $155,203.75.
• On March 28, 2017, the company issued one million common shares and 300,000 common shares at a price of 2.5 cents and five cents per share, respectively, as a result of the exercise of common share purchase warrants for net proceeds of $40,000.

About Peak Positioning Technologies Inc.

Peak Positioning Technologies is an information technology portfolio management company whose mission is to assemble, finance and manage a portfolio of high-growth-potential companies and assets in some of the fastest-growing tech sectors in China, including fintech, e-commerce and cloud-computing. Peak provides its shareholders with exceptional growth potential by giving them access to the fastest-growing sectors of the world's fastest-growing economy.

We seek Safe Harbor.