Mr. Paul Kania reports

SOL GLOBAL ANNOUNCES C$3.6 MILLION BROKERED PRIVATE PLACEMENT OF UNITS

SOL Global Investments Corp. has entered into an agreement with Canaccord Genuity Corp. and Clarus Securities Inc., as co-lead agents and co-bookrunners, and on behalf of a syndicate of agents, pursuant to which the agents will offer for sale up to 18 million units of the company at a price of 20 cents per unit, on a brokered private placement best-efforts agency basis, for aggregate gross proceeds to the company of up to $3.6-million. Each unit will consist of one common share in the capital of the company and one-half common share purchase warrant of the company. Each warrant will be exercisable to acquire one additional common share at an exercise price of 30 cents per warrant share for a period of 24 months from the closing date (as defined herein). The units issued by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, including the underlying securities, will not be subject to a statutory hold period, pursuant to applicable Canadian securities laws.

The offering will be made pursuant to the listed issuer financing exemption available under NI 45-106 in each of the provinces of Canada, other than Quebec. The units may also be offered for sale in the United States pursuant to available exemptions from the registration requirements under the U.S. Securities Act of 1933, as amended, and such offshore jurisdictions as may be agreed to by the company and the co-lead agents pursuant to available prospectus or registration exemptions in accordance with applicable laws.

The company intends to use the net proceeds of the offering to purchase solana tokens at prevailing market prices through reputable cryptocurrency exchanges. The company intends that any solana tokens acquired using the net proceeds of the offering will be excluded as collateral from any of the company's current or future secured indebtedness.

The company has agreed to pay the agents a cash commission equal to 7 per cent of the gross proceeds of the offering, other than from the sale to certain purchasers designated by the company, for which a 3-per-cent agents' commission will be payable. The company has also agreed to issue to the agents such number of compensation warrants equal to 7 per cent of the number of units sold under the offering, other than from the sale to president's list purchasers, for which the number of agents' warrants will be 3 per cent of the number of units sold. Each agent's warrant is exercisable to purchase one unit of the company at a price of 20 cents for a period of 24 months following the closing date. Each agent's unit will comprise one common share and one-half common share purchase warrant of the company, with each such whole warrant entitling the holder to acquire one additional common share at the exercise price of 30 cents per common share for a period of 24 months following the closing date. The agents' warrants, including the underlying securities, will be subject to applicable statutory hold periods pursuant to Canadian securities laws.

The offering is scheduled to close on or about Dec. 3, 2024, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.

There is an offering document relating to the offering that can be accessed under the company's SEDAR+ profile and at the SOL Global website. Prospective investors should read this offering document before making an investment decision.

About SOL Global Investments Corp.

SOL Global is a diversified international investment and private equity holding company. The company is in the process of divesting its current investment partnerships and minority holdings. SOL Global recently announced the transition of investments to focus exclusively on digital asset technologies, primarily on solana and solana-based technologies.

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