Mr. Carey Chow reports

PARKIT ANNOUNCES GRANT OF OPTIONS

Certain directors, officers, employees and consultants of Parkit Enterprise Inc. have been issued an aggregate of 2,228,500 options pursuant to Parkit's option plan, with each such option being exercisable into one common share at an exercise price of 63 cents at any time on or before the 10th anniversary of its issuance. Each of the options vested on grant.

Of the options granted, 1.79 million options were granted to directors and officers of Parkit. Parkit is relying on exemptions from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 and TSX Venture Exchange Policy 5.9 for the issuance of these options, pursuant to Section 5.5(b) (Issuer Not Listed on Specified Markets) and Section 5.7(a) (Fair Market Value Not More Than 25 per cent of Market Capitalization) of MI 61-101, respectively.

About Parkit Enterprise Inc.

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key markets in Canada. In addition, Parkit has parking assets across various markets in the United States. Parkit's common shares are listed on TSX-V (under the symbol PKT).