PKT Parkit Enterprise Inc

Parkit Enterprise Inc. ("Parkit" or the "Company") (TSX VENTURE:PKT) is pleased
to announce that it has closed the private placement financing announced on May
30, 2014 by issuing 3,213,892 units at a price of $0.45 per unit ("Unit") for
total proceeds of $1,446,251. The financing was oversubscribed.


Each Unit consists of one common share and one half-share purchase Warrant, each
whole Warrant entitling the holder to purchase one common share for the price of
$0.60 per share for a period of 24 months following the date of issuance. The
Warrants will be subject to an acceleration provision such that if the closing
price of the Company's shares is equal or greater to $1.00 per share for 20
consecutive trading days at any time following four months after issuance, the
Company may, by notice to the Warrant holders, reduce the remaining exercise
period of the Warrants to not less than 30 days following the date of such
notice.


No finder's fees were paid in connection with the private placement.

The securities issued are subject to a regulatory four-month hold period
expiring October 7, 2014, in addition to such other restrictions as may apply
under applicable securities laws in jurisdictions outside of Canada.


Proceeds will be used to pay down short term loans, and for general working capital.

ON BEHALF OF THE BOARD

Rick Baxter, President and CEO

About Parkit:

Parkit Enterprise Inc. is a listed private equity real estate company that
acquires and aggregates income-producing real estate in the parking sector.


www.parkitenterprise.com & www.canopyairportparking.com

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 news release.


Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements.
Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such statements are subject to risks and uncertainties
that may cause actual results, performance or developments to differ materially
from those contained in the statements. No assurance can be given that any of
the events anticipated by the forward-looking statements will occur or, if they
do occur, what benefits the Company will obtain from them.


FOR FURTHER INFORMATION PLEASE CONTACT: 
John LaGourgue
info@parkitenterprise.com
Tel. (604) 424-8701


Parkit Enterprise Inc.
Suite 1088 - 999 West Hastings Street
Vancouver, British Columbia
Canada V6C 2W2

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