Parkit Clarifies Normal Course Issuer Bid

Toronto, Ontario - March 14, 2022 - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF)

Toronto, Ontario -March 14, 2022 - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") further to its news release of March 14, 2022, Parkit wishes to clarify that the number of shares to be purchased under the Normal Course Issuer Bid is up to 11,823,221 of the outstanding common shares of the Corporation.

About Parkit Enterprise Inc. 
Parkit is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area+ ("GTA+"), Ottawa and Montreal, to complement its parking assets across the United States. Parkit's Common Shares are listed on TSX-V (Symbol: PKT).

For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott: 

Investor Relations 
Contact Number: 1-888-627-9881

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.