Communicators

Spacefy moves to global innovation platform

Creative spaces online marketplace moves Toronto-based team to world-class incubator

TORONTO, February 1 , 2019 – Spacefy Inc. (“Spacefy” or the “Company”), (CSE: SPFY), the sharing-economy marketplace for inspiring space rentals for the creative industry, announced today that they have relocated their head office after being accepted into the new Toronto location of a well-known global incubator program.

“As we thought about the next phase of growth for our company, and the specific challenges ahead, we had no hesitations about jumping on this opportunity,” said Russ Patterson, Spacefy’s new CEO.

“Working in this environment is already helping us to accelerate. We are surrounded by dozens of other early stage businesses here in our Toronto location, plus we have a larger global network that we can tap into. That should prove extremely helpful as we think about expansion into Europe and beyond. We only moved in a few weeks ago, and the access to additional mentors, advisors, and investors is already paying dividends. And I like what it’s doing for our culture. The sense of urgency here is palpable and infectious. This is exactly what we were hoping to find.”

About Spacefy

Spacefy is a marketplace that connects creative professionals with spaces for their projects, productions, and events. Harnessing the power of the sharing economy, Spacefy gives creative professionals access to unique and underutilized spaces while enabling property owners to further monetize their space.

Contact Information

Spacefy Inc.

Russ Patterson

Chief Executive Officer

russ@spacefy.com

Adelaide Capital Markets Inc.

Deborah Honig

Investor Relations

647-203-8793

deborah@adelaidecapital.ca

CAUTIONARY STATEMENT REGARDING FORWARD‐LOOKING INFORMATION: This news release includes certain “forward‐looking statements” under applicable Canadian securities legislation. Forward‐looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the subjective statements about the potential impact of Spacefy joining a global innovation platform, or speculative statements about future international expansion. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. No assurance can be given that any of the events anticipated by the forward‐looking statements will occur or, if they do occur, what benefits the Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Spacefy Inc. disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as required by law.