WINNIPEG, MANITOBA–(Marketwired – Nov. 22, 2017) –

Not for distribution to United States newswire services or for dissemination
in the United States

People Corporation (TSX VENTURE:PEO) (the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement common share offering (the “Offering”) with a syndicate of underwriters led by Cormark Securities Inc. and including Acumen Capital Finance Partners Limited, Laurentian Bank Securities Inc., National Bank Financial Inc., Clarus Securities Inc. and Macquarie Capital Markets Canada Ltd. (collectively, the “Underwriters”). Pursuant to the Offering, the Company issued 3,776,600 common shares (the “Shares”) of the Company at a price of .70 per Share, including 492,600 Shares issued pursuant to the full exercise of the Underwriters’ over-allotment option, for gross proceeds to the Company of ,303,220. The Underwriters received a cash commission equal to 5.0% of the gross proceeds raised in the Offering.

The net proceeds of the Offering will be used to fund the previously announced acquisition of the assets and business operations of Assurances Dalbec Ltée and related entities, with the balance to be used to repay indebtedness and fund growth initiatives.

The Shares issued in connection with the Offering are subject to a statutory four-month hold which expires on March 23, 2018.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for account or benefit of, U.S. persons, absent registration or applicable exemption from the registration requirements. Any public offering of securities in the United States must be by means of a prospectus containing detailed information about the Company and management as well as financial statements.

About People Corporation

People Corporation is a national provider of group benefits, group retirement and human resource services. The Company has offices across Canada, each led by a team of experts and backed by the resources of a national company that is traded on the TSXV. The Company’s industry experts provide uniquely valuable insight while customizing an innovative suite of services to the specific needs of its clients. Whatever your sector, whatever your scale, putting People Corporation’s expertise and proven track record to work will make a difference to your people and your bottom line.

Further information is available at www.peoplecorporation.com.

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws, such as statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Use of words such as “may”, “will”, “expect”, “believe”, “intends”, “likely”, or other words of similar effect may indicate a “forward-looking” statement. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in the Company’s publicly filed documents (available on SEDAR at www.sedar.com). Those risks and uncertainties include the ability to maintain profitability and manage organic or acquisition growth, reliance on information systems and technology, reputation risk, dependence on key clients, reliance on key professionals and general economic conditions. Many of these risks and uncertainties can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statement made by the Company or on its behalf. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements in this news release are qualified by these cautionary statements. These statements are made as of the date of this news release and, except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities.

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.