PARKIT ANNOUNCES UPDATED INVESTOR PRESENTATION

VANCOUVER, BC, DECEMBER 20, 2018 – PARKIT ENTERPRISE INC. (TSXV: PKT; OTCQX: PKTEF)

Not for distribution in the United States newswire services or for dissemination in the United States

Vancouver, BC, December 20, 2018 – Parkit Enterprise Inc. (TSXV: PKT; OTCQX: PKTEF) (the "Company" or "Parkit") is pleased to announce that an updated investor presentation can be accessed on the Investor section of its website at http://parkitenterprise.com or by using the following link: http://bit.ly/parkitenterprise.

"This presentation outlines the value that the Board of Directors sees in the assets that our business owns.  As we head into the new year we look forward to continuing our strategy of realizing the value in our existing portfolio and to continuing our search for accretive acquisitions", stated David Delaney, Parkit's Executive Chairman. 

About Parkit

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

For further information please contact:

David Delaney, Executive Chairman, Tel. (647) 347-8952, Email: david@parkitenterprise.com;

Avi Geller, Executive Director, Tel. (845) 517-2340, Email: avig@parkitenterprise.com

Disclaimer for Forward-Looking Information

Certain statements contained in this news release constitute forward-looking information under applicable securities law. These statements relate to future events or future performance, including statements as to: the Company's intention to complete the Rights Offering and the timing thereof; the exercise price of the rights offered under the Rights Offering; the rights offering notice and the rights offering circular and delivery of such documents by intermediaries; the guaranteed minimum proceeds from the Rights Offering; and the use of proceeds of the Rights Offering. Such statements are not guarantees of future performance and actual results or developments may differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as the availability and cost of funds, the closing of the Rights Offering, uncertainty associated with estimating costs to complete the Rights Offering and other risks related to the business of the Company, the Rights Offering and the Standby Guarantees. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities offered hereby have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States. This rights offering notice does not constitute an offer to sell or a solicitation of an offer to buy any of the securities offered hereby within the United States or to U.S. persons and, subject to certain limited exceptions, the securities offered herein may not be offered or sold in or into the United States or to U.S. persons. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.

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 release.

NAVIGATION