ParcelPal Closes $210,000 USD Bridge Financing via Non-Brokered Private Placement - Seite 2

The Note and any Shares issued upon conversion of the Note are subject to a statutory hold period expiring on the date that is four months and one day after the closing of the Offering.

CEO Rich Wheeless commented, “This additional bridge financing will be of tremendous benefit for the Company in the short term as we have been expanding geographically while diversifying our client base at an accelerated rate. This financing provides immediate capital for additional near term runway with the expansion we are undertaking, as planned. Given the current broader market volatility and environment that all companies are in, we are fortunate to be in the position that the company is in to provide needed services at this critical time, and to implement a plan to continue debuting in new markets. I am also very pleased with the recent improved operating performance and looking forward to the continued trend.”

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About ParcelPal Technology Inc.

ParcelPal is a leader in the growing technology and logistics industry. ParcelPal seamlessly connects consumers to businesses, where they have access to the goods they love, anytime, anywhere. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour or the same day. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver, Calgary, Toronto and soon in other major cities Canada and United States wide.