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Engagement Labs Completes $6 Million Financing

MONTREAL, QUEBEC and TORONTO, ONTARIO and PARIS, FRANCE -- (Marketwired) -- 01/31/14 -- Engagement Labs Inc. (TSX VENTURE: EL) (the "Corporation") is pleased to announce that it has completed a Debenture Unit financing for aggregate gross proceeds of $6,070,000.

Each Debenture Unit was issued at a price of $1,000 per Debenture Unit and consists of: (i) one secured convertible debenture (a "Debenture") in the aggregate principal amount of $1,000 maturing on December 31, 2016 convertible into common shares of the Corporation at price of $0.35 per common share, subject to automatic conversion provisions; and (ii) 2,143 common share purchase warrants each exercisable to acquire an additional common share at an exercise price of $0.50 per common share until June 30, 2016 subject to accelerated expiry provisions (the "Warrants").

"These funds will support the further development and marketing of #eSuite™, the next generation of Intelligent Data on Demand platform for marketers and dashboard providers," commented Paul Allard, CEO.

D&D Securities Inc. acted as Agent for a portion of the Offering and received a cash commission of $80,000 and 80 Agent Debenture Unit Compensation Options (the "Agent Unit Options") exercisable to acquire Debenture Units at an exercise price of $1,000 per Unit until December 31, 2015. Each Agent Compensation Unit consists of one Debenture and 2,143 Warrants. PowerOne Capital Markets Limited brokered a portion of the Offering and received a cash commission of $83,760 and 84 Agent Unit Options. Additional members of the Agent's selling group will receive cash commissions equal to 2% of the gross proceeds brokered by the respective selling group members and an additional 27 Agent Unit Options will also be issued.

The Debenture Units, Agent Unit Options, and all underlying securities (together, the "Securities") were issued pursuant to exemptions under Regulation 45-106 respecting prospectus and registration exemptions and are subject to a 4-month plus one day hold period from the distribution date under securities legislation and the policies of the TSX Venture Exchange (the "TSXV"). The Securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration.

About Engagement Labs Inc.

Engagement Labs offers a cloud-based software-as-a-service ("SaaS") integrated suite of modules, branded #esuite™, supporting the entire social marketing cycle providing a comprehensive solution for brands to coordinate and analyze social media activities across all online channels (social media sites, forums, news and blogs).

Engagement Labs Inc. is listed on the TSXV under the symbol EL.

www.engagementlabs.com

Disclaimer - Safe Harbour Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements. These forward-looking statements relate to the future financial conditions, results of operations, or business of the Corporation. These statements may be current expectations and estimates about the markets in which the Corporation operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. The results or events predicted in forward-looking statements may differ materially from actual results or events. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In particular, forward-looking statements do not reflect the potential impact of any merger, acquisitions or other business combinations or divestitures that may be announced or completed after such statements are made.

Neither 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.

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