Mr. Steve Levely reports

ACKROO ANNOUNCES COMPLETION OF 2023 NORMAL COURSE ISSUER BID

Ackroo Inc. has completed its 2023 normal course issuer bid (NCIB), which commenced on June 16, 2023. The company has completed buying and cancelling all 6,068,681 shares available through the NCIB, paying an average of 8.692 cents per share for a total of $527,469 invested. The company also paid Canaccord Genuity Corp. $11,150 in fees to carry out the NCIB. The outcome from the NCIB has the total share count of Ackroo reduced by the fully 5 per cent allowed to 115,304,952 shares as of the date of this release.

The company is very satisfied with the average price paid per share and will look to renew the NCIB in June, 2024, when available again through the TSX Venture Exchange.

Share buybacks are an important aspect of how the company plans to provide returns to shareholders. As the company's financial position evolves, the then share price will dictate the company's plans as it relates to future NCIB purchases.

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 their clients. Ackroo is headquartered in Hamilton, Ont., Canada.

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