Pool Safe Inc. ('Pool Safe' or the 'Company') is pleased to announce that intends to complete a private placement offering (the 'Offering') of up to 10,000,000 units (the 'Units') at a price of CAD$0.05 per Unit (the 'Issue Price'), with each Unit being comprised of one (1) common share (each, a 'Share', and collectively, 'Shares') and one (1) common share purchase warrant (each, a 'Warrant', and collectively, 'Warrants').

Each Warrant shall entitle the holder thereof to acquire one Common Share (each, a 'Warrant Share'; together with the Shares and Warrants, the 'Securities'), with each whole Warrant exercisable into one Warrant Share at a price of $0.10 at any time prior to 4:30 p.m. (Toronto time) on the earlier of: (i) the date that is 24 months following the date of closing and (ii) in the event that the daily volume weighted average trading price (or closing bid price on days when there are no trades) of the Common Shares on the TSX Venture Exchange (the 'Exchange') is at least $0.15 for a minimum of 20 consecutive trading days, the Company may provide written notice to the subscriber requiring the subscriber to exercise such Warrants within 30 days following the date of issuance of such written notice.

In connection with the Offering, the Company is also pleased to also announce the closing of the first for gross proceeds of CAD$181,000 through the issuance of 3,620,000 Units. There was no cash commission or finder's warrants issued in connection with the closing of this tranche. All Securities issued pursuant to the Offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Offering is subject to receipt of all required regulatory approvals including the approval of the TSX Venture Exchange. The net proceeds of the Offering will be used for inventory, product development and general working capital purposes.

About Pool Safe Inc.

Pool Safe Inc. designs, develops and distributes a product known as the 'PoolSafe', which functions as a multi-purpose personal poolside attendant. The PoolSafe is designed to provide safety, convenience and peace of mind for hotels, resorts, waterparks and cruise ship guests. Functions include: lockable safe, solar-powered charger for USB compatible electronic devices including phones, cameras and tablets in addition to beverage or server call-buttons, a beverage cooler and holders. Conveniently located alongside pool or beach lounge chairs, the PoolSafe is a unique way of providing vacationers with a comforting sense of security for their belongings, while they enjoy their vacation.

Cautionary Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forwardlooking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Contact:

Tel: 416-630-2444

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