Parkit Appoints Joel Dumaresq to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 29, 2015) - Parkit Enterprise Inc. (TSX VENTURE:PKT)(OTCQX:PKTEF) is pleased to announce the appointment of Joel Dumaresq to its Board of Directors.

Mr. Dumaresq's career spans over 22 years in corporate finance and investment banking; serving as Managing Director of Canadian private equity and merchant banking firm Matrix Partners Inc. for twelve years, prior to which he spent ten years with RBC Dominion Securities, a division of Royal Bank. Mr. Dumaresq is currently the Executive Chairman and CFO of TSX-V listed Taipan Resources, Inc.

Mr. Dumaresq has been instrumental in raising over $250 million in capital for a variety of companies. He is active in the Young President's Organization and is the recipient of Canada's highest civilian honour for bravery, the Star of Courage.

In conjunction with this appointment, Mr. Dumaresq will be granted 200,000 incentive stock options exercisable at $0.50 per share for a term of five years, in accordance with the Company's stock option plan.

ON BEHALF OF THE BOARD

Rick Baxter, CEO & President

ABOUT PARKIT

Parkit Enterprise Inc. is an alternative real estate investment firm focused on income-producing parking facilities in North America.

www.parkitenterprise.com & www.canopyairportparking.com

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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.