Ziplocal Inc. Increases Private Placement

TORONTO, ONTARIO--(Marketwire - Oct. 18, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

ZIPLOCAL INC. (TSX VENTURE:ZIP.H) ("Ziplocal" or the "Company") has increased the maximum number of Units being offered pursuant to the brokered private placement (the "Offering") announced on August 16, 2012.

As previously announced, Ziplocal intends to offer, on a private placement basis, units (the "Units") at a price of $1,000 per Unit. The maximum number of Units being offered has increased from 250 to 500, with maximum gross proceeds increasing to $500,000. The first closing of the Offering is expected to occur before October 31, 2012.

The proceeds of the Offering will be used for working capital and general corporate purposes.

Completion of the Offering is subject to receipt of all required regulatory approvals, including the approval of NEX (the "Exchange").

All of the securities issued in connection with the Offering will be subject to a hold period expiring four months and one day after the relevant closing date.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer or sale of securities in the United States.

The Exchange has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.

ABOUT ZIPLOCAL INC.

Ziplocal is listed on NEX of the TSX Venture Exchange. Ziplocal currently has 79,757,515 Common Shares outstanding.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding a proposed offering, including the proposed use of proceeds of the offering. Actual developments may differ materially from those contemplated by these statements depending upon, among other things, the ability of the Company to raise the funds and decisions made by regulators. The forward looking statements contained in this press release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date.

Shares Outstanding: 79,757,515