Spacefy Announces Marketplace Milestone

Toronto, Ontario--(Newsfile Corp. - January 18, 2019) - Spacefy Inc. (CSE: SPFY) ("Spacefy" or the "Company"), the sharing-economy marketplace for inspiring and non-traditional space rentals, today announced that over 3,000 spaces have been listed on the Spacefy platform as of December 31, 2018.

"This is an exciting number for Spacefy," says Russ Patterson, Spacefy's new CEO. "We now have sufficient breadth in both Toronto and New York City to begin focusing on demand-generation experiments as we look to attract more creative professionals to book spaces on the platform. At the same time, we plan to accelerate the pace of our space acquisitions in 2019, both in Toronto and New York, and in other key cities."

About Spacefy

Spacefy is a marketplace that connects creative professionals with spaces for their projects, productions, and events. Harnessing the power of the sharing economy, Spacefy gives creative professionals access to unique and underutilized spaces while enabling property owners to further monetize their space.

Contact Information

Spacefy Inc.
Russ Patterson
Chief Executive Officer
russ@spacefy.com

Adelaide Capital Markets Inc.
Deborah Honig
Investor Relations
647-203-8793
deborah@adelaidecapital.ca

CAUTIONARY STATEMENT REGARDING FORWARD‐LOOKING INFORMATION: This news release includes certain "forward‐looking statements" under applicable Canadian securities legislation. Forward‐looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the expectation of generating demand for space rental and accelerating the pace of space listing acquisition. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. No assurance can be given that any of the events anticipated by the forward‐looking statements will occur or, if they do occur, what benefits the Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Spacefy Inc. disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as required by law.