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ZipLocal Inc. Extends Maturity Date of Convertible Debentures

TORONTO, ONTARIO -- (Marketwired) -- 04/02/14 -- ZipLocal Inc. (the "Company") (TSX VENTURE: ZIP.H) announced today that the maturity date of all outstanding 10% unsecured convertible debentures of the Company (collectively, the "Debentures"), originally issued on April 5, 2012 or December 18, 2012, has been extended from April 5, 2014 to April 5, 2017.

The maturity date of the Debentures was extended in accordance with the terms thereof, including the requirement to obtain written consent for the amendment from holders of outstanding Debentures holding greater than 75% of the outstanding obligations owing by the Company thereunder. All other terms and conditions of the Debentures shall remain in full force and effect as originally written.

The amendment of the Debentures remains subject to receipt of final TSX Venture Exchange approval.

About ZipLocal Inc.

ZipLocal Inc. is listed on the NEX Board of the TSX Venture Exchange.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION 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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