Mr. Carlo Rigillo reports

TIIDAL ANNOUNCES SHARES FOR DEBT SETTLEMENT

Tiidal Gaming Group Corp. has agreed to issue an aggregate of 800,000 common shares at a deemed price of five cents per share as full and final payment of debt in the aggregate amount of $40,000 for certain unpaid remuneration for services performed by Tiidal's chief executive officer (the insider) and a consultant of the company.

The debt settlement with the insider constituted a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The issuance of the shares to the insider, however, was exempt from the valuation requirement of MI 61-101 by the virtue of the exemption contained in Section 5.5(b) as the company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) as the value of the shares issued under the debt settlement did not exceed 25 per cent of the company's market capitalization.

All securities issued in connection with the debt settlement will be subject to a statutory hold period expiring four months and one day after the date of issuance.

About Tiidal Gaming Group Corp.

Tiidal Gaming is a reporting issuer in the provinces of Ontario, British Columbia and Alberta, and its shares are listed for trading on the Canadian Securities Exchange under the symbol TIDL.

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