Mr. Rich Wheeless reports

PARCELPAL LOGISTICS SUBMITS NUMEROUS WAREHOUSE LOCATIONS FOR IMMEDIATE CONSIDERATION TO ACCELERATE ITS 2024 EXPANSION STRATEGY

Parcelpal Logistics Inc. is following up on its previously announced entry into a letter of intent on Jan. 30, 2024 (relating to the company's intended warehousing expansion plan), to inform shareholders that the company has identified numerous potential warehouses to host the anti-mining machines. The company has and continues to submit these warehouses for consideration by the anti-mining company (which needs to meet certain criteria) that owns and will operate such machinery as part of its eventual definitive agreement and terms related thereto. The company is working diligently to identify the initial warehouse facility for this business purpose, as there are minimum electricity supply needs and geographic considerations concomitant with such site, and remains hopeful that it will be in a position to initiate the first such facility in the next 60 days. The company has identified multiple potential sites and is working through the process to have such a site (or sites) approved as soon as possible. Once such initial site is approved, Parcelpal will work to secure the appropriate agreements and negotiate favourable utility costs to maximize its revenue potential. Thereafter, Parcelpal will be able to initiate and accept the delivery of the hardware for installation at the approved facilities. The goal for the company is, upon consummation, to begin to generate the projected high-margin revenue derived from this partnership.

Chief executive officer Rich Wheeless stated: "This is a deal we are truly excited about because of the high-margin revenue potential and significant cash flow it can generate for the company. While there is never a guarantee of consummation, this business line has the potential to move us forward in a way that can be very beneficial to the company and its shareholders going forward. While we at Parcelpal recognize that the public markets have been difficult for small-cap companies, we also recognize that the company's value and market cap has been under satisfied, and we are looking forward to being able to share news about this business line, as well as or existing business with the shareholders. As we receive our first facility approval and beyond, we will provide additional updates in a renewed effort of inclusion and transparency for the shareholders that have been steadfast in their support. Parcelpal has one goal: success. Our plan is to do better and we will continue to keep working at that."

Parcelpal looks forward to providing further updates in the coming days and weeks and is appreciative of the support of its shareholders.

About Parcelpal Logistics Inc.

Based in Vancouver, B.C., Parcelpal is a company that specializes in last-mile delivery service and logistics solutions. The company is a customer-driven, courier and logistics company connecting people and businesses through its network of couriers. Some of the company's verticals include pharmacy and health, meal kit deliveries, retail, groceries, and more.

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