SPN Snipp Interactive Inc

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. 


Snipp Interactive Inc. ("Snipp"), an international provider of mobile marketing
solutions listed on the TSX Venture Exchange (TSX VENTURE:SPN), announces that
it has closed its second tranche (the "Second Tranche") of its non-brokered
private placement financing (the "Financing"). 


The total Financing was comprised of 8.75 million units ("Units") at a price of
Cdn.$0.10 per Unit for gross proceeds of Cdn.$875,000. Each Unit consists of one
common share ("Share") and one half-share purchase warrant ("Warrant"), with
each whole warrant entitling the holder to purchase one Share at an exercise
price of Cdn.$0.15 for a period of two years from the date of distribution. As
previously announced on December 9, 2013, the first tranche (the "First
Tranche") of this Financing closed and was comprised of 2,400,000 Units. Snipp
paid finders' fees of $19,200 for the First Tranche in cash. The Second Tranche
closed on January 24, 2014 and was comprised of 6,350,000 Units. Snipp paid
finders' fees of $40,000 for the Second Tranche in cash.


Snipp initially announced the total Financing to be comprised of up to 3 million
Units on December 9, 2013, and then announced an increase of up to 5 million
Units for the total Financing on December 30, 2013 due to greater than expected
demand. On January 13, 2014, Snipp announced a further increase of up to 8.75
million Units for the total Financing due to additional subscriptions from
investors and insiders. 


The proceeds of the Financing will be used for a variety of purposes including
furthering Snipp's sales efforts in the promotion marketing industry, continuing
to build out its stable of mobile solutions, exploring various acquisition
opportunities and strengthening its investor relations efforts. 


About Snipp Interactive Inc. 

Snipp Interactive Inc. (www.snipp.com) builds mobile solutions for brands to
engage and interact with their customers. Snipp provides print publishers,
advertising agencies and corporate/consumer brands, including Fortune 500
companies, with four main solution sets:




--  Mobile Promotions and Loyalty Programs: A full range of turnkey mobile
    promotion solutions from text to win and sample programs all the way to
    sophisticated and full fledged loyalty programs. 
    
--  Shopper Marketing & Receipt Processing: Snipp's unique SnippCheck mobile
    receipt processing solution allows brands to execute any kinds of
    purchase related Shopper Marketing programs they wish to - without
    needing to coordinate with retailers, or requiring consumers to download
    an app. 
    
--  Mobile Sites and Apps: Snipp's SiteBuilder solution allows the company
    to create and deploy new mobile sites for brand campaigns easily and at
    scale. 
    
--  Augmented Reality: Snipp has been producing cutting edge augmented
    reality campaigns for some of the leading brands around the world. 
    



Snipp generates revenue by designing, constructing, implementing and managing
these mobile solutions for its customers. Snipp is headquartered in Bethesda,
MD, with international operations in Canada, Mexico, Brazil, India and the
Middle East. 


Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and
uncertainties, which may cause actual results to differ materially from the
statements made. When used in this document, the words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions are intended to identify forward-looking statements. Such
statements reflect our current views with respect to future events and are
subject to such risks and uncertainties. Many factors could cause our actual
results to differ materially from the statements made, including those factors
discussed in filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties, such as
changes in demand for and prices for the products of the company or the
materials required to produce those products, labour relations problems,
currency and interest rate fluctuations, increased competition and general
economic and market factors, occur or should assumptions underlying the forward
looking statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, or expected. We do not
intend and do not assume any obligation to update these forward-looking
statements, except as required by law. The reader is cautioned not to put undue
reliance on such forward-looking statements.


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.


Copyright Snipp Interactive Inc. All rights reserved. All other trademarks and
trade names are the property of their respective owners.


This press release does not constitute and the subject matter hereof is not, an
offer for sale or a solicitation of an offer to buy, in the United States or to
any "U.S Person" (as such term is defined in Regulation S under the U.S.
Securities Act of 1933, as amended (the "1933 Act")) of any equity or other
securities of Snipp. The securities of Snipp have not been registered under the
1933 Act and may not be offered or sold in the United States (or to a U.S.
Person) absent registration under the 1933 Act or an applicable exemption from
the registration requirements of the 1933 Act.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Snipp Interactive Inc.
Jaisun Garcha
CFO
1-888-99-SNIPP
jaisun@snipp.com


Snipp Interactive Inc.
Anthony Durkacz
Director
1-416-720-4360
investors@snipp.com
www.snipp.com

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