Mr. Jake Kalpakian reports

JACKPOT CLARIFIES WARRANTS TO BE ISSUED TO MAXIM GROUP

Further to Jackpot Digital Inc.'s news releases dated July 31, 2023, and Oct. 3, 2023, with respect to the financial advisory and investment banking services agreement, as amended with Maxim Group of New York, United States, an arm's-length party, the company wishes to clarify the compensation warrants to be issued to Maxim that is equivalent to $150,000 (U.S.) in warrants over the course of the 12-month term of the agreement, in which $37,500 (U.S.) will be paid quarterly in warrants once the services have been performed will be paid at the end of each quarter.

The number of warrants to be issued will be calculated based on the Black Scholes value of the warrants using the market closing price on the issuance date, and the securities to be issued to Maxim shall include a hold period in accordance with applicable securities laws.

The agreement and the number of warrants to be issued are subject to the TSX Venture Exchange acceptance.

About Jackpot Digital Inc.

Jackpot Digital is a software developer and a leading electronic table games manufacturer and mobile gaming provider 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.