SPN Snipp Interactive Inc

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


The Financing was comprised of 10.4 million units ("Units") at a price of
Cdn.$0.15 per Unit for gross proceeds of Cdn.$1,560,000. Each Unit consists of
one common share ("Share") and one share purchase warrant ("Warrant"), with each
Warrant entitling the holder to purchase one Share at an exercise price of
Usd.$0.20 for a period of three years from the date of distribution. Snipp paid
finder's fees of $118,800 in cash and issued 792,000 finder's options ("Finder's
Options") in connection with this Financing. Each Finder's Option entitles the
holder to purchase one Unit ("Finder's Unit") at an exercise price of Cdn.$0.15
for a period of three years from the date of distribution. Each Finder's Unit
will consist of one Share and one Warrant, with each Warrant entitling the
holder to purchase one Share at an exercise price of Usd.$0.20 for a period of
three years from the date of distribution.


The Shares issued in the Financing and the Shares to be issued pursuant to the
exercise of the Warrants are all subject to a hold period expiring on November
15, 2014.


The proceeds of the Financing will be used for a variety of purposes including
furthering Snipp's sales efforts in the promotion marketing industry, preparing
the company for investor marketing and roadshows in the United States pending
approval of its 20-F Registration Statement, selective acquisitions as the
opportunities arise and the continued investment in building out Snipp's stable
of mobile solutions. 


The closing of the Financing is subject to certain conditions, including, but
not limited to, the receipt of all necessary regulatory approvals, including the
approval of the TSX Venture Exchange.


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 the
    need to coordinate with retailers, or for 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 produces cutting edge augmented reality
    campaigns for 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 and India.


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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Press Enquiries:
Atul Sabharwal
CEO
415-595-7151
atul@snipp.com


Investor Relations:
Jaisun Garcha
CFO
1-888-99-SNIPP
investors@snipp.com

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