Mr. Paul Kania reports

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

SOL Global Investments Corp. has closed its previously announced brokered private placement. The company sold 18 million units of the company at a price of 20 cents per unit for aggregate gross proceeds to the company of $3.6-million. Each unit consists of one common share in the capital of the company and one-half common share purchase warrant of the company. Each warrant is exercisable to acquire one additional common share at an exercise price of 30 cents per warrant share for a period of 24 months following the closing of the offering.

The offering was conducted on a brokered private placement commercially reasonable efforts agency basis by Canaccord Genuity Corp. and Clarus Securities Inc., as co-lead agents. Gowling WLG (Canada) LLP acted as legal counsel to SOL Global and Wildeboer Dellelce LLP acted as legal counsel to the agents in respect of the offering.

The offering was made pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, in each of the provinces of Canada, other than Quebec. The units were also offered for sale in the United States pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended, and such offshore jurisdictions as agreed to by the company and the agents pursuant to available prospectus or registration exemptions, in accordance with applicable laws. The units issued by way of the LIFE exemption under NI 45-106, including the underlying securities, are not subject to a statutory hold period, pursuant to applicable Canadian securities 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 future secured indebtedness.

There is an offering document relating to the offering that can be accessed under the company's SEDAR+ profile.

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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