Mr. Gary Yeoman reports

ILOOKABOUT ANNOUNCES RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2019

iLookabout Corp.'s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2019, and 2018, as well as its related management's discussion and analysis (MD&A), are available on SEDAR and on the company's website. Shareholders may request a hard copy of this material by directing their request to the chief financial officer of iLookabout (408, 383 Richmond St., London, Ont., N6A 3C4).

"We remain very focused on our top-line revenue growth and margin expansion, which is reflected in our improvements in revenue and gross margin in the first quarter of 2019. Our clients are continuing to integrate our proprietary applications into their business systems and processes, allowing us to deepen our relationships with them," stated Gary Yeoman, chair and chief executive officer of iLookabout. "With respect to strategic initiatives that we have been pursuing, we have made significant progress in the first quarter of 2019 and are optimistic that we will complete our proposed acquisition of the operating assets of Clarocity Corp. by the end of the second quarter."

Highlights of financial results:

Discussion with respect to the results herein can be found in the company's MD&A.

                                  Three months ended March 31,
(in thousands of dollars)                   2019         2018
                                                             
Revenue                                  $ 2,634      $ 2,392   
Adjusted EBITDA, unaudited (1)               476          326

1. Adjusted EBITDA is an unaudited non-GAAP (generally 
   accepted accounting principles) measure and does not have 
   any standardized meaning prescribed under IFRS 
   (international financial reporting standards) and, 
   therefore, may not be comparable with similar measures 
   employed by other reporting issuers. Management believes 
   that adjusted EBITDA provides meaningful information with 
   respect to the financial performance and value of the 
   company, as items that may obscure the underlying trends 
   in the business performance are excluded. Adjusted EBITDA 
   is defined and calculated by the company as earnings (loss) 
   before interest, taxes, depreciation/amortization of 
   property and equipment, intangible assets and right-of-use 
   assets, share-based compensation expense, and other costs 
   or income that are: (i) non-operating; (ii) non-recurring; 
   and/or (iii) related to strategic initiatives. The company 
   classifies income or costs as non-recurring if income or 
   costs similar in nature are not reasonably expected to 
   occur within the next two years nor have occurred during 
   the prior two years, and such costs are significant.

• Revenue increased from $2.39-million to $2.63-million on a year-over-year basis, primarily due to non-recurring increases in revenue related to data licensing and the delivery of a custom development project in the first quarter of 2019.
• Adjusted EBITDA increased from $326,000 to $476,000 on a year-over-year basis, primarily due to an increase in gross margin.

About iLookabout Corp.

iLookabout is a software, data analytics, data aggregation and visual intelligence company focused on real property. The company primarily serves the property assessment, property taxation, municipal, insurance and appraisal sectors, both public and private, in North America.