Mr. Ryan Hardy reports

PERK LABS INC. GRANTED MCTO

Further to Perk Labs Inc.'s news release dated March 15, 2024, the company's principal regulator, the British Columbia Securities Commission, has accepted the Park Lab's application for, and has granted, a management cease trade order (MCTO). As previously announced, the company applied for the MCTO due to a delay in the filing of the company's annual financial statements and accompanying management's discussion and analysis for the fiscal year ended Nov. 30, 2023, which were due on April 1, 2024.

During the MCTO, investors will continue to be able to trade in common shares in the capital of the company. However, the MCTO restricts the chief executive officer and chief financial officer from all trading in securities of the company until such time as the annual filings have been filed by the company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the company to trade in securities of the company.

The company and its auditor continue to work diligently toward completing the annual filings as soon as possible. The company expects that it will be in a position to file the annual filings on or before May 31, 2024.

Until the annual filings are filed, the company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203, Management Cease Trade Orders, for as long as it remains in default, including the issuance of biweekly default status reports in the form of a news release.

The company confirms that since the date of the announcement: (i) there has been no material change to the information set out in the announcement that has not been generally disclosed; (ii) there has not been any other specified default by the company under NP 12-203; (iii) the company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the company that has not been generally disclosed.

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 (quick-response) code or NFC (near-field communication) 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, parking fees, and service payments. Perk Labs provides a custom-branded solution that is ideal for multitransaction brands such as stadiums and arenas, university and college campuses, conference centres, hotels and resorts, festivals and events, and professional service companies.

We seek Safe Harbor.