Mr. Steven Salz reports

RIVALRY CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Rivalry Corp. has closed the second tranche of its non-brokered private placement previously announced on Sept. 29, 2025. The company issued 27.6 million units at a price of five cents per unit, for gross proceeds of $1.38-million. Each unit consists of one subordinate voting share in the capital of the company and one SV share purchase warrant. Each warrant is exercisable into one SV share at a price of 10 cents per warrant share until Oct. 8, 2027. The SV shares, warrants and warrant shares are subject to a four-month statutory hold period, in accordance with applicable securities legislation. The company intends to use the proceeds from the private placement for corporate development and general working capital purposes.

The company expects to complete (i) additional closings of up to 55.2 million units, including the remainder of the securities pursuant to its previously announced initial subscription agreement with a strategic family office, and (ii) its previously announced debt restructuring pursuant to a debt settlement agreement entered into between the company and its senior lender, on or prior to Oct. 24, 2025.

About Rivalry Corp.

Rivalry wholly owns and operates Rivalry, a leading sport betting and media company offering fully regulated on-line wagering on e-sports, traditional sports and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry has held an Isle of Man licence since 2018, considered one of the premier on-line gambling jurisdictions, as well as an Internet gaming registration in Ontario and is currently in the process of obtaining additional country licences. With world-class creative execution and brand positioning in on-line culture, a native crypto token and demonstrated market leadership among digital-first users, Rivalry is shaping the future of on-line gambling for a generation born on the Internet.

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