Peak Provides Update on Asia Synergy Technologies Operations

Montreal, Quebec--(Newsfile Corp. - July 20, 2016) - Peak Positioning Technologies Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Peak" or the "Company") today announced that its Chinese subsidiary, Asia Synergy Technologies Ltd. ("AST"), has received approval for the Internet domain name of its Gold River Fintech platform and has submitted the application for its Internet Content Provider (ICP) license.

The ICP license is a registration number issued by the Chinese Ministry of Industry and Information Technology that allows organizations to host a website on a Chinese server. All companies must first submit an application and obtain a valid ICP number if they wish to have an online presence in China.

"We've been navigating through the process of getting the Gold River platform online ever since the completion of the registration of the company (AST)", commented Mr. Liang Qiu, CEO of AST. "We've managed to obtain an IP address for the platform, which has now allowed us to finalize the ICP license application process. This may not seem all that important for our stakeholders in North America, but it's actually a pretty significant step for us. We're very pleased with how well the process has gone so far, and are very excited with the prospect of shortly having the platform online to process its first transactions", concluded Mr. Qiu.

Warrants, Debenture and Stock Options
Peak also announced the following transactions related to the Company's securities:

On July 8, 2016, Peak issue 10,500,000 options to purchase common shares of the Company at a price of $0.085 per share to officers and directors of the Company. The options will expire in July 2021 and will vest over a 2-year period with 25% vesting in March 2017, 35% in November 2017 and the remaining 40% vesting in July 2018.

On July 12, 2016, Peak issued 188,000 common shares at a price of $0.05 per share and 225,000 common shares at a price of $0.025 as a result of the exercise of common share purchase warrants.

On July 15, 2016, Peak issued 2,000,000 common shares at a price of $0.05 per share as a result of the exercise of the conversion feature of secured convertible debentures, removing $100,000's worth of short-term debt from the Company's books.

About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. 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 Fintech, e-commerce and cloud-computing. Peak provides its shareholders with exceptional growth potential by giving them access to the fastest growing sectors of the world's fastest growing economy. For more information: http://www.peakpositioning.com

Contact 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