Peak Provides Update and Clarifies Eligibility to Participate in Private Placement

Montreal, Quebec--(Newsfile Corp. - April 24, 2015) - Peak Positioning Technologies Inc. (TSXV: PKK) (PINK SHEETS: PKKFF) ("Peak" or the "Company") today announced that its private placement to be closed concurrent with its pending acquisition of LongKey Hong Kong Limited ("LongKey"), the terms of which were disclosed in a news release dated April 15, is still available to eligible subscribers.

Today's announcement comes following several inquiries received by the Company from existing shareholders who are hoping to take part in the private placement, but whose expressions of interest had not yet been acknowledge by Jones, Gable and Company Ltd., the private placement's lead agent. For convenience purposes and to help better manage the process, the Company has been compiling a private placement reservation list of all of those wishing to participate in the private placement. Those wishing to be placed on the private placement reservation list are now advised to send an email with their name, phone number and the amount for which they would like to subscribe to: investors@peakpositioning.com, with the email subject title "Private Placement Reservation".

Reservations for the private placement will be accepted at the above provided email address on a "first-come, first-served" basis until the minimum target amount to close the private placement has been reached, following which reservations will no longer be accepted. Eligible private placement subscribers put on the reservation list receive instructions and documentation on how to subscribe to the private placement.

Terms and Eligibility of Private Placement

The private placement consists of the sale of a minimum of 100,000,000 units and a maximum of 140,000,000 at $0.025 per unit for gross proceeds of a minimum of $2,500,000 and a maximum of $3,500,000. Each unit (a "Unit") consists of one (1) common share and one (1) one common share purchase warrant. Each common share purchase warrant entitles its holder to purchase one common share of Peak, at a price of $0.04, for a period of twenty-four (24) months following the closing date. All securities issued pursuant to the private placement will be subject to a four month and one day hold period from the date of closing.

The private placement is available to all accredited investors and to all Peak shareholders who were shareholders as of March 19, 2015.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. ("Peak"), (TSXV: PKK) (PINK SHEETS: PKKFF), is an IT portfolio management company whose mission is to assemble, finance and manage a portfolio of high-growth-potential companies and assets in some of the fastest growing tech sectors in China, including e-commerce, cloud-computing and mobile development. Peak provides its shareholders with the opportunity to participate in the fastest growing economic sectors of the world's fastest growing economy, in partnership with some of the most reputable and high-profile institutions in those sectors. For more information: http://www.peakpositioning.com

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this news release.

For more information:

Cathy Hume
CEO
CHF Investor Relations
Phone: 416-868-1079 ext.: 231
Email: cathy@chfir.com

Or

Carl Desjardins
Managing Partner
Paradox Public Relations Inc.
Phone: 514-341-0408  
Email: carldesjardins@paradox-pr.ca

Or

Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: investors@peakpositioning.com