LookSmart Responds To Second Extension Of Unsolicited Offer By PEEK Investments And Baseless Statements Made By Snowy August Management

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In response to the tender offer commenced by PEEK Investments LLC, LookSmart has filed a recommendation statement on Schedule 14D-9 with the SEC. INVESTORS AND SECURITY HOLDERS OF LOOKSMART ARE URGED TO READ THE RECOMMENDATION STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents and other documents filed with the SEC by LookSmart through the web site maintained by the SEC at http://www.sec.gov. Investors and security holders also will be able to obtain free copies of these documents, and other documents filed with the SEC by LookSmart, from LookSmart by directing a request to LookSmart, Attn: Bill O'Kelly.

CONTACT: Investor Contacts
         Bill O'Kelly
         Senior Vice President Operations and
         Chief Financial Officer, LookSmart, Ltd.
         [phone]
         bo'[e-mail]
         
         John Mills
         Senior Managing Director, ICR, Inc.
         [phone]
         [e-mail]
         
         Media Contact
         Matt Benson
         Managing Director, Sard Verbinnen & Co
         [phone]
         [e-mail]

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