Mr. Jake Kalpakian reports

JACKPOT DIGITAL AMENDS THE TERMS OF THE DEBENTURE FINANCING

Further to Jackpot Digital Inc.'s news release dated March 29, 2023, Jackpot has amended the terms of the proposed unsecured convertible debenture financing to raise $500,000 in gross proceeds. The Debenture Financing will pay interest at the rate of 10% per annum and will mature sixty (60) months from the date of issuance (the "Maturity Date"). The Debenture Financing shall be convertible into 6,666,667 common shares of the Company at the conversion price of C$0.075 per common share in the first year, and at the conversion price of $0.10 per common in subsequent years. In addition, the Company shall issue 6,666,667 share purchase warrants, whereby each warrant shall entitle the debenture holder to purchase one Jackpot common share at the price of $0.10 per share for a period of five years.

The proposed Debenture Financing is subject to the approval of the TSX Venture Exchange (the "Exchange").

Proceeds from the Debenture Financing will mainly be utilized towards regulatory licensing fees and related expenses in multiple jurisdictions, industry product certification, and for general working capital.

The securities that may be issued in connection with the Debenture Financing shall include a hold period in accordance with applicable securities laws. There may be finder's fees payable in respect to the Debenture Financing in accordance with the policies of the Exchange.

About Jackpot Digital Inc.

Jackpot Digital Inc. is a leading electronic table games manufacturer for the cruise ship industry and regulated casino industry. The Company specializes in multiplayer gaming products, including poker and casino games, which are complimented by a robust suite of backend tools for operators to efficiently control and optimize their gaming business.

We seek Safe Harbor.