ZipLocal Inc.
NEX BOARD : ZIP.H
TSX VENTURE : ZIP.H

ZipLocal Inc.

January 29, 2016 13:02 ET

ZipLocal Inc. Announces Resignation of Jos Schmitt, Jon Albright, Appointment of New Directors

TORONTO, ONTARIO--(Marketwired - Jan. 29, 2016) - ZipLocal Inc. (the "Company") (NEX:ZIP.H) announced today that the resignation of Jos Schmitt and John Albright as directors of the Company, and the appointment of Marc Wade and Paul Sparkes to fill the vacancies on the board created by the resignations of Mr. Schmitt and Mr. Albright.

Mr. Schmitt and Mr. Albright resigned from the board effective October 28, 2015 and November 11, 2015, respectively.

Mr. Wade and Mr. Sparkes were appointed to the board of directors of the Company on October 28, 2015 and December 4, 2015, respectively.

Marc Wade is currently Chairman of Wade & Company which is his own family office that handles various investments. Mr. Wade is also a co-founder of Continuum Family Ventures, a venture fund with a focus on emerging technology companies. His investment portfolio has included professional sports and entertainment, social media platforms and various real-estate assets. He serves as Chairman of Wesley Christian Academy Day School and is an active philanthropist.

Paul Sparkes is an accomplished Canadian business leader with over twenty years of experience in media, finance, capital markets and Canada's political arena. Mr. Sparkes is currently the Managing Partner of Wade & Company, a family office. Most recently, Mr. Sparkes was Executive Vice Chair, Director and Co-Founder of Difference Capital Financial, a TSX-listed specialty finance company. Previously, Mr. Sparkes was Executive Vice President, Corporate Affairs for CTVglobemedia (now Bellmedia). Mr. Sparkes has held senior positions in the public service, including with the Government of Canada and the Government of Newfoundland and Labrador. From 1996 to 2001, he served in the Office of the Prime Minister as Director of Operations, and Special Assistant for Atlantic Canada. Mr. Sparkes also served as Executive Assistant to two Premiers of Newfoundland and Labrador. Mr. Sparkes sits on several public and private boards, including Blastgard International Inc. (OTC-US), Thunderbird Films (private), Bluedrop Performance Learning Inc. (TSX-V) and is Chairman of the Board and Founding Member of the Smiling Land Foundation (private). Educated in Quebec and Newfoundland, Mr. Sparkes holds a Bachelor of Arts in Political Science from Memorial University.

About ZipLocal Inc.

ZipLocal Inc. is listed on the NEX Board of the TSX Venture Exchange.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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