Mr. Gary Yeoman reports

ILOOKABOUT EXECUTES ASSET PURCHASE AGREEMENT WITH APEX SOFTWARE

Further to the news release issued Aug. 28, 2020, with respect to iLookabout Corp.'s proposed transaction with Starcap Marketing LLC (doing business as Apex Software), iLookabout has entered into an asset purchase agreement with Apex for the acquisition by iLookabout of all the operating assets of Apex. Consideration for the transaction will be in the form of $4.8-million (U.S.) cash due on closing of the transaction, $400,000 (U.S.) due on the first anniversary of the closing as an indemnity holdback and $400,000 (U.S.) of iLookabout stock to be calculated using a defined value of 15 cents (subject to any required pricing adjustments). As at the date hereof, the current working capital position of Apex (including outstanding liabilities of approximately $10,000 (U.S.)) is approximately $780,000 (U.S.). Historically, Apex has generated revenue of approximately $3.3-million (U.S.) and net income of approximately $830,000 (U.S.).

"This is another important step in iLookabout executing on its growth strategy and focus on expanding its market share in the U.S. property tax assessment market," said Gary Yeoman, chief executive officer of iLookabout. "The acquisition of Apex will allow iLookabout to promote our mobile applications, cross-sell iLookabout solutions into its 2,200-plus client base and repurpose Apex's sketching capabilities and databases into adjacent industries, which iLookabout has a strong presence in, such as mortgage lending and insurance."

"Solidifying our great relationship with ILA will unlock the future value of Apex. The Apex team is excited to join forces to be able to expand its product capabilities and move into other industries that were always on our road map, but were limited by resources," said Randall Garrett, chief executive officer of Apex, "By integrating our platforms and leveraging ILA's machine-learning expertise, we will be able to capitalize on a gap that exists in the market."

The transaction is subject to a number of closing conditions, including, but not limited to closing of the offering (defined herein), regulatory approvals and the satisfactory completion of due diligence by iLookabout. The closing of the transaction is expected to occur on or about Sept. 21, 2020, or such other date as may be agreed to by iLookabout and Apex.

In connection with the transaction, the company intends to complete a non-brokered private placement of up to 53,333,333 units of the company at a price of 15 cents per unit for aggregate gross proceeds of up to $8-million. Each unit shall consist of one common share of the company and one-half common share purchase warrant. Each full warrant shall entitle the holder thereof to acquire one common share of the company at a price of 25 cents for a period of 12 months following the closing of the offering. The net proceeds of the offering shall be used by the company to finance the cash consideration with respect to the transaction and other related costs with respect to the transaction. The company intends to rely on the "part and parcel exception" in respect of up to $7-million (equivalent of approximately $5.2-million (U.S.)) of the net proceeds of the offering to be used in connection with the cash consideration of the acquisition of Apex. Additional money raised under the offering, if any, is not expected to qualify under the "part and parcel exception" and are subject to the TSX Venture Exchange's discretion. The offering is expected to close on or about Sept. 21, 2020, and remains subject to the approval of the TSX Venture Exchange (including in respect of the pricing of the offering under the "part and parcel exception").

About iLookabout Corp.

iLookabout is a transformational data analytics organization that provides transparency to the valuation of real estate assets. The company is a real estate valuation platform with technologies that leverage the power of data designed to address today's dynamic real estate valuation market. Its proprietary innovative platform provides software and data licences and technology managed services to the real estate industry, serving primarily the property lending and property tax sectors, both public and private, in the United States and Canada. Accurate data and property valuations form the basis for iLookabout's clients to value assets, finance loans, securitize portfolios, and to analyze and update property tax assessments. As a fully integrated valuation technology company, it is setting new standards in real estate valuation quality and reliability. iLookabout is a brand built on innovation, execution, accuracy, industry expertise and forward-looking products and services.

About Apex Software

Apex provides real property sketching solutions leveraging its industry-leading proprietary software, database and professional services, which includes developing real estate sketching and modeling software, providing real estate sketch aggregation, sketch conversion, sketch verification, sketch modification, sketch analysis, and software maintenance services on a global basis to the property assessment, appraisal and insurance industries within North America.

We seek Safe Harbor.