Mr. Mark Holmes reports

ZONETAIL ANNOUNCES CLOSING PRIVATE PLACEMENT OF SHARES

Zonetail Inc. has closed the first tranche of non-brokered private placement of up to $500,000 in common shares of the company at a purchase price of two cents per share. The company closed $97,500 of the offering.

The proceeds from the sale of the Zonetail shares for the completion of the company's rent reporting portal, further development projects and sales efforts, as well as general working capital purposes.

A portion of the offering may be allocated to investors relying on the accredited investor or other exemptions available to Zonetail under National Instrument 45-106 (Prospectus Exemptions).

All of the securities issuable in connection with the offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities.

About Zonetail Inc.

Zonetail is a mobile platform and market network. Its mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities and services. Its vision is to build a critical mass of users in the hard-to-reach, high-rise residential vertical, through a unique mobile market network model -- providing vital information, products and services at the tap of a screen. It is the search engine to optimize your home.

We seek Safe Harbor.