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Parkit Enterprise Inc.: Parkit Completes $69 Million Bought Deal Private Placement Financing and $15 Million Concurrent Non-Brokered Private Placement Parkit or the Company ), is pleased to announce that it has closed its previously announced (see press releases dated January 26, 2021) bought deal private placement (the Bought Deal Offering ) and the concurrent non-brokered private placement (the Non-Brokered Offering and together with the Bought Deal Offering, the Offerings ) of an aggregate of 88,421,058 common shares of the Company ( Common Shares ) at a price of $0.95 per Common Share. The Bought Deal Offering consisted of 72,631,585 Common Shares for aggregate gross proceeds of approximately $69,000,000. The Bought Deal Offering was conducted by a syndicate of underwriters, co-led by Stifel GMP and Scotiabank and included Canaccord Genuity Corp., CIBC Capital Markets and Cormark Securities Inc. The Non-Brokered Offering consisted of 15,789,473 Common Shares for

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