Mr. Jonathan Hoyles reports

PERK LABS RECEIVES NOTICE OF ALLOWANCE FOR US PATENT APPLICATION FOR ANTI-FRAUD TECHNOLOGY

Perk Labs Inc. has received a notice of allowance for a U.S. patent application directed at systems and methods for electronic payments with fraud prevention based on correlating transaction data and information from a user's device.

"As a technology-driven company, intellectual property protection is paramount to our success, and we're delighted to receive a notice of allowance for our anti-fraud technology patent application. This recognition not only validates our innovation and leadership in the mobile payment industry but also strengthens our position in protecting our valuable intellectual property" said Jonathan Hoyles, CEO of Perk Labs. "We've placed security and anti-fraud as our highest priority and remain committed to investing in research and development and advancing our technology to deliver secure and seamless payment solutions to our customers."

Perk Labs also holds a U.S. and Canadian patent for enabling the payments of invoices and bills using a mobile device and has the following patent applications pending:

• Canadian patent application pending for the anti-fraud invention referenced above.
• Canadian patent pending for an invention directed at wireless electronic transactions.
• U.S., Australia, and Canada patent applications directed to a method, system, and computer readable medium for transferring cryptographic tokens.

About Perk Labs Inc.

Perk Labs Inc. (CSE:PERK) (OTCQB:PKLBF) (FKT:PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with dining experiences that are more engaging, convenient and rewarding.

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