NRPeak Files 2016 First Quarter Results and Operating Highlights MONTREAL, QUEBEC (NEWSFILE May 27, 2016) Peak Positioning Technologies Inc. (CSE: PKK) (PINK SHEETS: PKKFF) (Peak or the Company) today announced its financial results and reviewed highlights for the first quarter ended March 31, 2016. Financial Results Summary: $40,000 advance received on total $4M strategic investment partnership agreement Elimination of $38,200 of debt through the issuance of shares Exercise of warrants totalling $18,585 Net loss of $309,144 Operating Results Summary: Extension and term re-negotiation of debentures totalling $816,000 Introduction of Mr. Jiang Wang and Shanghai based Zhonghai Wanyue Group conglomerate to Company stakeholders Re-branding and revamping of Companys website to reflect pending Chinese partnership Establishment of Hong Kong based holding subsidiary Asia Synergy Limited About First Quarter Financial Results Summary: As the Company ceased its web development and IT consulting activities in 2015, it generated no revenues for the quarter ended March 31, 2016 compared to $20,120 in 2015. Expenses for the quarter amounted to $309,144, compared to $235,905 in 2015. The increase in expenses is mainly due to consulting fees, management fees and public relations fees while there was a reduction in professional fees and in asset amortization. The net loss for the the three month period ending March 31, 2015 was $309,144 compared to $215,785 for the same period of 2015. Full details of the Companys 2016 financial results can be found in the Interim Unaudited Consolidated Financial Statements and Managements Discussion and Analysis (MD&A) for the three-month periods ended March 31, 2016 and 2015, which are available at www.sedar.com. Debenture Conversion and Grant of Stock Options On May 3, 2016, the Company issued 206,240 shares at a price of $0.05 per share for a total consideration of $10,312 as a result of the exercise of the conversion feature of a debenture holder, bringing the total amount outstanding of that convertible debenture from $538,600 to $528,288. On May 26, 2016, the Company issued 150,000 options to purchase common shares of the Company at a price of $0.05 per share as part of the compensation package to a consultant hired by the Company to assist the Company in setting up and managing the financial reporting of its upcoming Chinese operations.