Labrador Technologies Stock Option Grant

Calgary, Alberta January 9, 2018 – Labrador Technologies Inc. ("Labrador" or the "Corporation") (TSXV: “LTX”) is pleased to announce the grant of incentive stock options under the Corporation’s current stock option plan to certain directors, officers and consultants to acquire up to 12,500,000 common shares of the Corporation. Stock options are being granted to the directors and consultants in lieu of cash compensation.

The exercise price of the options is $0.06, representing the closing market value of the Company’s common shares on the date of the grant. Half of the options will vest immediately, and the balance will vest on January 9, 2019. The stock options granted will have an expiry date of January 9, 2023. As of the last reported financial period, the Corporation had no current stock options outstanding or available for exercise under the existing stock option plan.

This stock option grant remains subject to TSX Venture Exchange approval.

About Labrador Technologies

Labrador Technologies is a Calgary, Alberta based software development firm providing map-based, innovative solutions for industries seeking a visual interpretation of financial reporting.

For more information contact:

Ronald Sterne T: (403) 263 6325 E: [email protected]

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.