Ms. Traci Costa of Peekaboo Beans reports

PEEKABOO BEANS INC. ANNOUNCES SALE OF COMMON SHARES OF CHINOOK TYEE INDUSTRY LIMITED

Peekaboo Beans Inc. (formally North Group Finance Ltd.) has sold 1,349,950 common shares in the capital of Chinook Tyee Industry Ltd. The disposed shares were sold pursuant to a debt settlement agreement dated Sept. 26, 2016, between 1022119 B.C. Ltd. (102BC) and Peekaboo, whereby Peekaboo transferred the disposed shares and other assets to 102BC in exchange for settling debt in the aggregate amount of $500,000 owed by Peekaboo to 102BC. The sale did not take place on a market.

Prior to the sale, Peekaboo had ownership and control over 1,349,950 common shares in the capital of Chinook, representing 39.6 per cent of the outstanding Chinook shares. Following the sale, Peekaboo does not have ownership or control over any Chinook shares.

The disposed shares were acquired by Peekaboo for investment purposes only and were sold to 102BC to settle certain indebtedness owed by Peekaboo to 102BC. Peekaboo currently does not have any intentions to purchase additional Chinook shares, but such decision is subject to change upon a review by Peekaboo of Chinook as a potential investment opportunity in the future. Peekaboo is issuing this press release pursuant to the requirements of National Instrument 62-103.