Mr. Trevor Davidson reports

APARTMENTLOVE COMPLETES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Apartmentlove Inc. has closed the first tranche of its previously announced non-brokered private placement of up to 7.5 million units of the company at a price of four cents per unit for gross proceeds of up to $300,000. Under the first tranche, the company issued an aggregate of 6,287,808 units for gross proceeds of $251,512.32.

Each unit is composed of: (i) one common share of Apartmentlove; and (ii) one common share purchase warrant of Apartmentlove. Each warrant shall be exercisable to purchase one additional common share at an exercise price of five cents for a period of two years from the date of the issuance of the warrant.

Certain directors and officers of the company participated in the private placement, either directly or indirectly; therefore, the private placement constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). In its consideration and approval of the private placement, the company's board of directors determined that the private placement is exempt from the formal valuation and minority approval requirements of MI 61-101 on the basis that the fair market value of the private placement to related parties does not exceed 25 per cent of the market capitalization of the company, in accordance with sections 5.5 and 5.7 of MI 61-101.

All the securities issued pursuant to the private placement are subject to a four-month restricted resale period under Canadian securities laws.

The private placement is subject to all necessary regulatory and stock exchange approvals, including, but not limited to, approval of the Canadian Securities Exchange.

About Apartmentlove Inc.

Apartmentlove (Canadian Securities Exchange: APLV) is a leading provider of on-line home, apartment and vacation rental marketing services to property managers, owners, renters and vacationers in more than 30 countries around the world. Promoting more than 350,000 daily active homes, apartments and vacation properties on its network of short-term and long-term rental marketing websites, Apartmentlove has proved its ability to scale as a fast-growing proptech in today's complex and dynamic markets. Seeking to consolidate the deeply fragmented Internet listing industry, Apartmentlove has acquired multiple businesses that have many monthly active users, a history of recurring revenues, positive cash flows, and custom technologies that accelerate and destress the renting experience.

We seek Safe Harbor.