RBC Capital Markets Settlement

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 27, 2016) – Parkit Enterprise Inc. (TSX VENTURE:PKT)(OTCQX:PKTEF) is pleased to announce that it has reached an amicable settlement of a claim put forward by RBC Capital Markets Real Estate Group Inc. for past services related to a 2012 financial advisory fee pertaining to the company’s predecessor’s affiliate, Greenscape Capital Ltd.

ABOUT PARKIT

Parkit Enterprise Inc. is engaged in the acquisition, optimization, and asset management of income-producing parking facilities across the United States.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.