ALKALI3 RESOURCES INC. ANNOUNCES EXTENSION OF LETTER OF INTENT FOR PROPOSED REVERSE TAKE-OVER WITH LOOP INSIGHTS INC. Alkali3 Resources Inc. has agreed to the extension of its previously announced non-binding letter of intent (LOI) with Loop Insights Inc., a private British Columbia corporation, whereby Alkali3 will acquire all of the issued and outstanding securities of Loop by way of a share exchange, amalgamation or such other form of business combination as the parties may determine. As per the terms of the extension, the date of entering into a definitive agreement with respect to the transaction has been extended to on or before July 31, 2018. Both Alkali3 and Loop remain committed to consummating the transaction and anticipate entering into the definitive agreement shortly. The proposed transaction remains subject to approval from the TSX Venture Exchange. Further information regarding the transaction will be provided in a management information circular of Alkali3, which is expected to be mailed to Alkali3 shareholders in the third quarter of 2018, in connection with the annual general and special meeting of Alkali3 shareholders to be held to consider and approve the transaction, among other things. About Loop Insights Inc. Loop Insights is a joint venture between Fobisuite Technologies Inc. and The Yield Growth Corp. Loop's technology is a fully automated, plug-and-play system that requires no point-of-sale or information technology (IT) integration. Agnostic to any point of sale system in today's current marketplace, Loop's agility will enable rapid scale and mass adoption. Loop uses hardware and software to collect live streaming consumer microdata to provide its customers real-time actionable strategies to improve all areas of business efficiency.