PKK

Peak Positioning Technologies Inc. (TSX VENTURE:PKK) ("Peak" or the "Company")
today announced that it has concluded its due diligence, has filed the necessary
documents with the TSX Venture exchange related to its planned acquisition of
the assets associated with Quickable marketplace, and has set a closing agenda
to close on the transaction on June 13, 2014.


Peak and Quick Technologies LLC ("Quick Tech"), the current owner of Quickable,
are working diligently to draft and execute the necessary legal documents to
officially transfer the Quickable assets to Peak. As compensation for the
Quickable assets, Quick Tech will receive from Peak, at the closing of the
transaction, CAD$200,000 in cash, CAD$200,000 in interest-free promissory notes
and 20 million Peak shares at a deemed price of CAD$0.05 per share for a total
consideration at closing of CAD$1.4 million. Quick Tech will also receive 5% of
the top-line revenues generated by the Quickable.com assets through the end of
calendar year 2016 up to a maximum of CAD$600,000 in cash, bringing the total
compensation payable to Quick Tech for the Quickable.com assets to CAD$2
million.


"We view Quickable as a key component of our strategic plan going forward,
particularly for its potential in the fast-growing Chinese mobile e-commerce
market", said Johnson Joseph, President and CEO of Peak. "With that in mind, we
strongly believe that this transaction is structured in a way that creates a
win-win situation for both Peak and Quick Tech, and that it will ultimately
bring significant value to all Peak shareholders", concluded Mr. Joseph.


Debt Settlement with Newfield Partners LLC

Peak also announced that it has settled a "shares for debt" transaction with
Newfield Partners LLC ("Newfield"). On May 12, 2014, Peak issued 1,670,040
common shares to Newfield at a deemed price of $0.05 per share to repay $83,502
worth of short-term notes payable to Newfield, which matured on April 30, 2014.


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 debt settlement transaction constitutes a "related party transaction" as
Newfield is controlled by Mr. David Kugler (the "Related Party"), who is a
member of Peak's Board of Director. In reviewing the applicable valuation
requirements under MI 61-101, Peak has determined that the exemption set out in
subsection 5.5 (c) of MI 61-101 is applicable since the transaction is a
distribution of securities of Peak to the Related Party for cash consideration.
In addition, subsection 5.7(b) provides that a transaction meeting such criteria
is also exempt from the minority shareholder approval requirement. Peak has not
filed a material change report 21 days prior to the closing of the debt
settlement transaction as no agreement to that effect was in place at that time.


About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. ("Peak"), (TSX VENTURE:PKK), is a management
company whose wholly-owned subsidiary, Peak Positioning Corporation provides Web
development services and develops mobile software platforms destined to mobile
network operators worldwide. Peak aims to deliver value to its shareholders by
assembling a portfolio of high-growth projects and companies in mobile, mobile
e-Commerce, and Web development in North America and China. For more
information: http://www.peakpositioning.com


Forward-Looking Statements / Information

This news release may include certain forward-looking information, including
statements relating to business and operating strategies, plans and prospects
for revenue growth, using words including "anticipate", "believe", "could",
"expect", "intend", "may", "plan", "potential", "project", "seek", "should",
"will", "would" and similar expressions, which are intended to identify a number
of these forward-looking statements. Forward-looking information reflects
current views with respect to current events and is not a guarantee of future
performance and is subject to risks, uncertainties and assumptions. The Company
undertakes no obligation to publicly update or review any forward-looking
information contained in this news release, except as may be required by
applicable laws, rules and regulations. Readers are urged to consider these
factors carefully in evaluating any forward-looking information.


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