Mr. Neil Simon reports

RESAAS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Resaas Services Inc. has arranged a non-brokered private placement for gross proceeds of approximately $1-million.

The company will use proceeds of the private placement for expansion, strengthening of the company's balance sheet and general working capital.

The offering is priced at 32 cents per unit. Each unit consists of one share in the company's common stock and one-half warrant. Each warrant is exercisable at 60 cents for one year from the date of the closing of this private placement.

All securities issued pursuant to the private placement will be subject to a standard four-month hold period, in accordance with applicable Canadian securities laws. The completion of this private placement is subject to receiving final acceptance by the TSX Venture Exchange.

About Resaas Services Inc.

Resaas is an award-winning global technology platform for the real estate industry. With over 600,000 real estate agents utilizing Resaas in 160 countries, Resaas enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage Resaas to provide business intelligence to real estate brokerages, franchises and associations.

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