PKS Closes Non-Brokered Private Placement

41430937.1

PKS CAPITAL CORP.

FOR IMMEDIATE RELEASE

Contact: Investor Relations Tuesday, May 5, 2020

Phone (604) 684-2181 (No.2020-05-03)

PKS Closes Non-Brokered Private Placement

Vancouver, British Columbia, Canada – Tuesday, May 5, 2020 – PKS Capital Corp. (“PKS” or

“the Company”, TSX Venture Exchange: PKS) is pleased to announce that the Company has

received final TSX Venture Exchange acceptance for its non-brokered private placement of

1,100,000 common shares of the Company at a price o f $0.10 per common share to raise gross

proceeds of $110,000.

The Company intends to use the proceeds from the sa le of the common shares for working capital

purposes.

The Company paid $6,000 and issued 60,000 finder’s warrants as finder’s fees.

All securities issued are subject to a four-month hold period expiring on September 7, 2020.

on behalf of the board of

PKS CAPITAL CORP.

Per: “Hari Varshney”

Hari Varshney

Chief Executive Officer

INVESTORS ARE CAUTIONED THAT TRADING IN THE SECURIT IES OF A CAPITAL

POOL COMPANY SHOULD BE CONSIDERED HIGHLY SPECULATIV E. NEITHER THE

TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT

TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.