Mr. Jake Kalpakian reports

JACKPOT DIGITAL ANNOUNCES ANTICIPATED CLOSING DATE OF THE PLAN OF ARRANGEMENT

Further to its news release dated Oct. 8, 2021, Jackpot Digital Inc. anticipates closing its previously announced plan of arrangement under the Business Corporations Act of British Columbia pursuant to which the company's on-line gaming assets will be spun out to its wholly owned subsidiary Yo Eleven Gaming Inc. on the closing Nov. 4, 2021, and, as consideration, Yo Eleven will issue to Jackpot shareholders one Yo Eleven common share for every five Jackpot common shares held, as a dividend.

Jackpot wishes to remind shareholders that Nov. 1, 2021, is the record date for the spinout, and the company's shares will trade on an ex dividend basis commencing at the open of the market on Friday, Oct. 29, 2021.

Upon the closing of the spinout, Yo Eleven will receive i-gaming assets consisting of a variety of on-line casino table games, slots, horse racing and sports book, in addition to domain names for the new brand. The new i-gaming business will be developed by Yo Eleven efforts through the development of the acquired assets along with strategic targeted acquisitions and selective software and hardware licensing. Yo Eleven is in advanced discussions with a series of firms within the on-line casino gaming and sports book markets which management believes should allow its business to progress at an accelerated pace.

For more detailed information regarding the Spinout and Yo Eleven, please refer to the company's management information circular, which is available under the company's profile on SEDAR and also on the company's website.

The company has granted 150,000 stock options to an officer exercisable at a price of 17.5 cents for a period of three years.

About Jackpot Digital Inc.

Jackpot Digital is 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.