Mr. Jake Kalpakian reports

JACKPOT DIGITAL ANNOUNCES THE CLOSING OF THE THIRD AND FINAL TRANCHE OF THE PRIVATE PLACEMENT

Further to Jackpot Digital Inc.'s news releases dated March 29, 2023, May 4, 2023, and May 26, 2023, the company has closed the third and final tranche of the private placement of convertible debentures for gross proceeds of $29,250. The debentures will bear interest at the rate of 10 per cent per annum, and are convertible into common shares of the company at the conversion price of 7.5 cents per share in the first year and at 10 cents per share in subsequent years. The company also issued 390,000 share purchase warrants exercisable at 10 cents per share for a period of five years. The securities issued are subject to a statutory hold period which will expire on Oct. 13, 2023. The aggregate gross proceeds raised in all the three tranches is $471,651.75.

Proceeds from the debenture financing will be utilized toward regulatory licensing fees and related expenses in multiple jurisdictions to facilitate the widespread placement of Jackpot Blitz ETGs, and for general working capital.

About Jackpot Digital Inc.

Jackpot Digital 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 complemented by a robust suite of back-end tools for operators to efficiently control and optimize their gaming business.

We seek Safe Harbor.