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LONDON, ONTARIO--(Marketwire - May 28, 2010) - iLOOKABOUT Corp. (TSX VENTURE:ILA) (the "Company") is pleased to announce the results of the Annual General Meeting of shareholders held in London, Ontario on May 26, 2010. The shareholders approved all motions put forth at the meeting, including the re-appointment of KPMG LLP as the Company's auditors and the re-approval of the Company's existing Stock Option Plan in accordance with TSX Venture Exchange requirements. Management's slate of nominee directors, which included the introduction of a rolling three-year Board, was also approved.

Members of Management and the Board would like to express their sincere appreciation to Brice Scheschuk for his efforts as a director of iLOOKABOUT and its predecessor over the past three years. Mr. Scheschuk decided not to seek re-election due to other commitments; however, Mr. Scheschuk will continue to contribute to the Company in an advisory capacity on key strategic business and financing initiatives.

In addition to re-election of each of Ronald Breen, FCA; John C. Drake and Alfred Jay for three year terms; Geoff Davies for a two year term; and each of Jeff Hack and Jeff Young for a one year term, the shareholders elected one new director, Mark McArdle, for a two year term.

Mr. McArdle is a seasoned technology executive with over 17 years of industry experience in global product development in consumer, SMB and enterprise markets. Since September of 2009, Mr McArdle has been an Executive-in-Residence of The Accelerator Centre in Waterloo Ontario. As part of Communitech Technology Association's Venture Services team, Mr. McArdle provides mentorship and guidance to technology companies and entrepreneurs in the areas of business and intellectual property planning and strategy, investment and channel development. Prior to joining Communitech, Mr. McArdle worked at McAfee Corporation in Sunnyvale, California for 11 years, holding various executive positions including Vice-President, Security Engineering and Senior Vice-President, Consumer Product Development. Mr. McArdle is a named inventor under several U.S. patents, primarily relating to computer security systems. Mr. McArdle is a graduate of the Ivey Business School's Executive Program at the University of Western Ontario and has a Bachelor of Science degree from the University of Waterloo.

At their meeting held directly following the Annual General Meeting, the new Board re-appointed John C. Drake as the Chairman of the Board.

About iLOOKABOUT

iLOOKABOUT is a visual data intelligence company serving commercial enterprise in the real estate, insurance, municipal, utility, assessment and appraisal sectors in North America and Europe. iLOOKABOUT is a pioneer in visual data intelligence with its StreetScape and Virtual Tour products. StreetScape is a visual data intelligence product for the geo-spatial market, providing panoramic, comprehensive, street level perspective visual data, geo-coded with latitude and longitude coordinates for accuracy and supported by patented software processes and proprietary security and storage systems. Headquartered in London, Ontario, Canada, iLOOKABOUT's shares are traded on the TSX Venture Exchange under the symbol ILA.

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.