Mr. Ryan Hardy reports

PERK LABS INC. ANNOUNCES EXTENSION OF PRIVATE PLACEMENTS

Perk Labs Inc. is further extending its previously announced non-brokered private placements of units and convertible debentures.

Units are offered at a price of one cent per unit. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of five cents per common share for a period of 24 months from the closing.

The convertible debentures are offered for a two-year term at an interest rate of 15 per cent and will be convertible into common shares of Perk Labs at a conversion price of five cents per share, subject to the terms and conditions set forth in the convertible debenture agreement.

The private placements of the units and the convertible debentures are expected to close on or before March 15, 2024. A finder's fee may be payable in connection with the private placements.

In connection with the private placements, the company may enter into debt settlement agreements with arm's-length creditors for the settlement of a total of up to about $250,000 debt in professional services provided by the creditors to the company.

Further details of the private placements are provided in the press release of the company dated Oct. 30, 2023.

About Perk Labs Inc.

Perk Labs, the owner of Getit Technologies Inc. and Perk Hero Software Inc., provides innovative mobile ordering and payment systems, allowing customers the ability to scan a QR code or non-fungible-coin sticker to order and pay for their purchases directly from their phone. Perk Labs specializes in providing a single unified payment interface for complex purchase environments -- environments that have multiple retailers processing an array of different transactions, including food and beverage purchases, merchandise sales, ticketing, registrations, donations, and even parking. Perk Labs provides a custom-branded solution that is ideal for multiretailer venues such as stadiums and arenas, university and college campuses, conference centres, festivals, charity events, and hotels and resorts.

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