Mr. Steve Levely reports

ACKROO ANNOUNCES NORMAL COURSE ISSUER BID

Ackroo Inc. has filed a notice of intention to make a normal course issuer bid (NCIB) with the TSX Venture Exchange, which will allow the company to purchase outstanding common shares of the company. The implementation of the NCIB remains subject to the approval of the TSX-V.

The company plans to implement the NCIB because it believes that, from time to time, the market price of the shares may not fully reflect the underlying value of the company's business and its future prospects. Accordingly, the company believes that having the ability to purchase the shares will be in the best interest of the company and represents an opportunity to enhance shareholder value.

Under the NCIB, if approved by the TSX-V, the company may acquire up to an aggregate of 6,068,681 shares over the 12-month period commencing on June 16, 2023, and ending on June 15, 2024, representing 5 per cent of the outstanding share capital of the company as of June 12, 2023. Additionally, under the NCIB, the company may not acquire more than 2 per cent of the issued and outstanding shares in any 30-day period.

Purchases subject to the NCIB will be carried out pursuant to open-market transactions through the facilities of the TSX-V and alternative trading systems or by such other means as may be permitted under applicable securities laws during the term of the NCIB at the prevailing market price of the shares at the time of purchase. All shares purchased by the company under the NCIB will be returned to treasury and cancelled. The actual number of shares that may be purchased pursuant to the NCIB and the timing of any purchases will be determined by management and the board of directors of the company. The NCIB will be conducted through Canaccord Genuity Corp., a member of the TSX-V, and made in accordance with the policies of the TSX-V.

The financing for any purchases pursuant to the NCIB will be from the working capital of the company. To the company's knowledge, none of the officers, or other insiders of the company, or any associates of such persons, or any associate of affiliates of the company, has any present intention to sell any shares to the company pursuant to the NCIB. The company has not previously purchased for cancellation any of its outstanding shares.

A copy of the company's notice with respect to the NCIB filed with the TSX-V may be obtained, by any shareholder without charge, by contacting Steve Levely, chief executive officer, by e-mail at slevely@ackroo.com.

About Ackroo Inc.

Through vendor and industry consolidation, Ackroo provides marketing, payment and point-of-sale solutions for merchants of all sizes. Ackroo's self-serve, data-driven, cloud-based marketing platform helps merchants in store and on-line process and manage loyalty, gift card and promotional transactions at the point of sale. Ackroo's payment services provide merchants with low-cost payment processing options through some of the world's largest payment technology and service providers. Ackroo's hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries, including used-automotive dealers. All solutions are focused on helping to consolidate, simplify, and improve the merchant marketing, payments and point-of-sale ecosystem for clients. Ackroo is headquartered in Hamilton, Ont., Canada.

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