Parkit Enterprises Inc. Announces Resignation of a Director

VANCOUVER, BRITISH COLUMBIA -- Aug. 25, 2016 - Originally issued August 22, 2016, REISSUED August 25, 2016- Parkit Enterprise Inc. ("Parkit" or "the Company") (TSX VENTURE:PKT)(OTCQX:PKTEF) announces that Mr. Robert (Bob) Emri has stepped down as a director of the Company effective immediately to focus on his personal business matters. Mr. Emri has been a non-executive director since November 2012 and a member of the Company's Investment and Governance Committees. Mr. Emri will remain a consultant to the Company's Board to advise the Company on acquisitions.

Mr. Joel Dumaresq, Chairman, stated, "On behalf of the Board and management of the Company, I would like to thank Bob for his dedication and significant contributions to Parkit. We have been fortunate to work with someone of Bob's calibre, reflecting his better than 20 years in the real estate industry. We wish him the best in the future."

Parkit Enterprise Inc. is engaged in the acquisition, optimization and asset management of income producing parking facilities across the United States. The Company's shares are listed on TSX-V (Symbol: PKT) and on the OTCQX (Symbol: PKTEF).

Neither 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 release.

Contact Information:

Parkit Enterprise Inc.
Bryan Wallner
President and CEO
(604) 424-8700, Ext 1

Parkit Enterprise Inc.
Nigel Kirkwood
(604) 424-8700, Ext 2