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MONTREAL, QUEBEC -- (Marketwired) -- 07/18/13 -- Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE: PKK) today announced that it has closed a CAD$85,000 non-brokered bridge financing consisting in the issuance of 700,000 units (each "Unit" consists of one (1) common share and one half (1/2) of one 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) for gross proceeds of CAD$35,000, and CAD$50,000 in short-term promissory notes (the "Financing"). 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 of the Financing to help cover some of the expenses related to its previously announced proposed acquisition of LongKey Hong Kong Limited.

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 securities. 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 commission or finder's fees were paid in connection with the Financing.

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.