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PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ( Parkit ) is pleased to announce that it has completed its previously announced (see press release dated November 24, 2020) acquisition of two industrial properties, one located at 5600 Finch Ave East, Toronto, Ontario and the other at 4390 Paletta Court, Burlington, Ontario (the Properties ), for an aggregate purchase price of $36,250,000. Concurrent with the closing of the acquisitions, Parkit also completed its previously announced $10,000,000 private placement of common shares. In connection with the completion of these transactions, Parkit s board was reconstituted with the addition of Steven Scott, Iqbal Khan and Julie Neault. It is anticipated that Blair Tamblyn will be proposed as a nominee for election as a director of Parkit at its upcoming annual meeting of shareholders. Biographies of each of the directors can be found in Parkit s November 24, 2020 press release. In connection with these additions, Brad Miller and

United statesUnited kingdomBritish columbiaAvi gellerSteven scottBrad millerBrad dunkleyJoanne odetteDavid delaneyJulie neaultIqbal khanBlair tamblynElie norowitzBm miller equity holdings incAccess self storage incAccess results management services inc