Mr. Carey Chow reports

PARKIT ANNOUNCES NORMAL COURSE ISSUER BID

Parkit Enterprise Inc. has received conditional acceptance from the TSX Venture Exchange to renew its normal course issuer bid to purchase for cancellation, during the 12-month period starting March 30, 2026, up to 11,501,900 of the outstanding common shares of the corporation, representing approximately 10 per cent of Parkit's public float (as defined by the TSX-V) as of March 20, 2026. As of March 20, 2026, the corporation had 212,215,354 common shares issued and outstanding. The program will end on March 29, 2027, unless the maximum amount of common shares is purchased before then or Parkit provides earlier notice of termination.

The purchase and payment for the common shares will be made by Parkit through the facilities of the TSX-V or alternative trading systems. National Bank Financial Inc. has been selected as Parkit's agent for the NCIB. The price paid for the common shares will be, subject to NCIB pricing rules contained in securities laws, the prevailing market price of such common shares on the TSX-V at the time of such purchase. Parkit intends to finance the purchases out of available cash.

Parkit believes that the market price of its common shares may not reflect their underlying value and the board of directors has authorized this initiative because, in the board's opinion, the proposed purchase of common shares pursuant to the NCIB constitutes an appropriate use of Parkit's funds and the repurchase of its common shares is one way of creating shareholder value.

To the knowledge of Parkit, no director, senior officer or other insider of the Parkit currently intends to sell any common shares under the NCIB. However, sales by such persons through the facilities of the TSX-V may occur if the personal circumstances of any such person changes or any such person makes a decision unrelated to these NCIB purchases. The benefits to any such person whose common shares are purchased would be the same as the benefits available to all other holders whose common shares are purchased.

Parkit conducted a previous NCIB for up to 11,088,361 common shares through the facilities of the TSX-V and alternative trading systems, which NCIB will end on March 27, 2026. Pursuant to the previous NCIB, up to March 20, 2026, Parkit purchased an aggregate of 8,494,278 common shares.

About Parkit Enterprise Inc.

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. In addition, Parkit has parking assets across various markets in the United States. Parkit's common shares are listed on the TSX-V.

We seek Safe Harbor.