File: Attachment Playgon - Press Release - Completion of June 30 SFD .pdf

FOR IMMEDIATE RELEASE

Playgon Announces Completion of Shares for Debt Settlement and Proposed Extension of Debenture Maturity Date

VANCOUVER, British Columbia, September 25, 2026 Playgon Games Inc. (TSX-V: DEAL / OTC: PLGNF / Frankfurt: 7CR) ("Playgon" or the "Company"), a proprietary SaaS technology company delivering mobile AI-dealer technology to online gaming operators globally, announces that, further to its press release dated July 27, 2026, it has obtained the final approval of the TSX Venture Exchange ("TSXV") for its proposed shares for debt settlement with respect to accrued interest on its outstanding Debentures (as defined below) as at June 30, 2026 (the "Shares for Debt"). Pursuant to the Shares for Debt, the Company has issued 65,090,000 common shares at a price of CAD$0.01 per common share in settlement of aggregate accrued interest of approximately $650,090, including the issuance of 41,865,000 common shares to insiders of Playgon (representing approximately 64%) in settlement of aggregate accrued interest of approximately $418,650. Please refer to the press release of the Company dated July 27, 2026 for additional details.

The portion of common shares issued to insiders of Playgon was deemed a "related party transaction" in accordance with TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. Playgon has relied on an available exemptions pursuant to MI 61-101 from the minority shareholder approval and valuation requirements as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties, exceeds 25% of the issuer's market capitalization.

Proposed Extension of Debenture Maturity Dates

As previously disclosed, the Company issued an aggregate of $7,066,000 in principal amount of unsecured convertible debentures on January 19, 2023, March 23, 2023 and December 29, 2023, each series of which initially matured on January 19, 2025, March 23, 2025 and December 29, 2024, respectively (the "Initial Debentures"). The maturity dates for each of the Initial Debentures were subsequently extended until March 31, 2026, and then subsequently to September 30, 2026, following receipt, in each case, of the approval of at least 66 2/3% of the principal amount of the Initial Debentures outstanding for each applicable series of Initial Debentures. The Company also previously issued an aggregate of $8,550,000 in principal amount of unsecured convertible debentures on May 3, 2023 (the "Series 2 Debentures" and, together with the Initial Debentures, the "Debentures"), which Series 2 Debentures matured on May 3, 2025, as also further extended until March 31, 2026 and, subsequently, until September 30, 2026. Playgon is intending to seek to obtain the necessary approvals to further extend the maturity date for the Debentures from September 30, 2026 to September 30, 2027. Pursuant to the terms of the convertible debenture indenture and/or debenture certificate (as applicable), as amended and/or supplemented

152020889 v2 from time to time, governing the Debentures, the Company may authorize the trustee to extend the time of payment of any principal amount of Debentures outstanding upon obtaining the approval from the holders of at least 66 2/3% of the principal amount of the Debentures outstanding for each applicable series of Debentures that have been issued. To the extent the requisite approvals are obtained and the maturity date for the Debentures further extended until September 30, 2027: (i) with respect to the Debentures issued on January 19, 2023 and March 23, 2023, additional interest payment dates will become effective on each of December 31, 2026 and June 30, 2027, and interest will thereafter continue to accrue and become due and payable on maturity, (ii) with respect to the Debentures issued on December 29, 2023, additional interest payment dates will become effective on each of September 30, 2026, December 31, 2026, March 31, 2027 and June 30, 2027, and interest will thereafter continue to accrue and become due and payable on maturity, and (iii) with respect to the Debentures issued on May 3, 2023, additional interest payment dates will become effective on each of December 31, 2026 and June 30, 2027, and interest will thereafter continue to accrue and become due and payable on maturity. Other than the foregoing proposed amendments, no other changes are being sought to the Debentures (the "Proposed Debenture Extension"). The Proposed Debenture Extension remains subject to the approval of the TSX Venture Exchange and the approval of the requisite number of holders of Debentures as outlined above. As per the terms of the Debentures, with respect to each interest payment date, notably the interest payment date of September 30, 2026 that would result from the completion of the Proposed Debenture Extension, the Company intends to continue to satisfy such interest amounts via the issuance of common shares, which the Company will announce in due course upon completion of the Proposed Debenture Extension (and subject as well to the approval of the TSX Venture Exchange).

In connection with the foregoing, the Company will also work with Pure Live Entertainment, its secured lender under the previously announced secured promissory note, to also seek an extension of the maturity date for the secured note from September 30, 2026 to September 30, 2027. Such extension remains subject to the approval of Pure Live Entertainment, as well as the approval of the TSX Venture Exchange.

Additional Update

As previously disclosed, on April 10, 2024, a third-party lender commenced a claim against Playgon Interactive, a wholly-owned subsidiary of the Company, for $227,330.59 in outstanding principal and interest. On April 30, 2026, the lender obtained a judgment against Playgon Interactive and, on September 2, 2026, commenced additional proceedings to enforce the judgment, which the Company intends to dispute.

About Playgon Games Inc.

Playgon is a SaaS technology company focused on developing and licensing advanced AI-driven digital content for the growing iGaming market. The Company provides a multi-tenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Its current software platform under development includes AI Dealer Casino and E-Table games which, through a seamless integration at the operator level, allows customer access without having to share or compromise any sensitive customer data. As a true business-to-business digital content provider, the Company's products are ideal turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies. For further information, please visit the Company's website at www.playgon.com.

152020889 v2 For further information, contact: Darcy Krogh, CEO Tel: (604) 657-7273 Email: investor@playgon.com

Forward-Looking Statements

This release contains forward-looking statements, including with respect to the Company's intention or ability to dispute the enforcement of the claim and all associated elements with respect to such claim, the Company's ability and intention to obtain the requisite approvals to extend the Debentures and the secured promissory note, as well as the Company's intention to pursue a shares for debt transaction for any and all interest that accrues and becomes payable. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guaranteeing of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by the Company, are forward-looking and involve risks and uncertainties. In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in the Company's audited financial statements for the year ended December 31, 202 and Management Discussion and Analysis for the year ended December 31, 2025 and other filings with Canadian securities regulators (www.sedarplus.ca). Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release represents the Company's current expectations. The Company disclaims any intention and assumes no obligation to update or revise any forward-looking information, except if required by applicable securities laws. There are no assurances any of the transactions referenced herein, including the completion of the proposed transactions, will be completed on the terms and conditions referenced herein, or at all.

The TSXV has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of

this release.

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