PKK

Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK)
today announced that it has closed a non-brokered financing consisting in the
issuance of 1,500,000 units at $0.05 per unit ("Unit") for gross proceeds of
CAD$75,000 and CAD$25,000 in short-term promissory notes (together the
"Financing"). Each unit ("Unit") consists of one (1) common share and one (1)
common share purchase warrant. Each common share purchase warrant entitles its
holder to purchase one common share of Peak, at the price of $0.10, for a 12
month period following the closing date. The securities issued pursuant to the
Financing are subject to a hold period expiring four (4) months and one day from
the date of closing. Peak intends to use the proceeds for general working
capital purposes.


Pursuant to Policy 5.9 of the TSXV and Multilateral Instrument 61-101 Respecting
protection of minority security holders in special transactions ("MI 61-101"),
the Financing constitutes a "related party transaction" as certain directors and
officers of Peak (the "Related Parties") subscribed to shares and promissory
notes. In reviewing the applicable valuation requirements under MI 61-101, Peak
has determined that the exemption set out in subsection 5.5 (a) of MI 61-101 is
applicable since the aggregate consideration to be paid by the Related Parties
does not exceed 25% of the market capitalization of Peak at the date hereof. In
addition, subsection 5.7(a) provides that a transaction meeting such criteria is
also exempt from the minority shareholder approval requirement. The board of
directors of Peak has unanimously approved the Financing. Peak has not filed a
material change report 21 days prior to the closing of the Financing as
participation of insiders had not been established at that time.


No finder's fee or commission was paid in connection with the Financing.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. (TSX VENTURE:PKK), is a Canadian software
developer for mobile smart devices, and application provider to mobile network
operators (MNO) worldwide. In association with its partner, LongKey-Hong Kong
Ltd, the company has developed the AiNi(TM) Mobile Cloud platform. AiNi(TM) is
an enhanced version of the mobile smart device O/S equally designed for the
benefit of consumers and MNOs, and marketed to MNOs as a solution to increase
and maintain their mobile subscriber bases. AiNi(TM) comes with a suite of
standard applications and features and offers MNOs the possibility to have
additional custom applications and features developed and integrated to the
platform. For more information: http://www.peakpositioning.com


Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as
that term is defined under the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of the contents of this press
release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jeanny So
Director of Operations
CHF Investor Relations
416-868-1079 ext.: 225
jeanny@chfir.com


Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
514-340-7775 ext.: 501
investors@peakpositioning.com

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