Parkit Settles Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 20, 2014) - Parkit Enterprise Inc. ("Parkit") (TSX-VENTURE:PKT)

Further to the news release on June 18, 2014, Parkit announces that it has received Exchange acceptance of the shares for debt settlement. 1,842,818 shares have been issued and the debt extinguished.

The securities are subject to a hold period expiring October 21, 2014.

ON BEHALF OF THE BOARD

"Rick Baxter"

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.

John LaGourgueinfo@parkitenterprise.comTel. (604) 424-8701Parkit Enterprise Inc.Suite 1088 - 999 West Hastings StreetVancouver, British ColumbiaCanada V6C 2W2

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