Mr. Jake Kalpakian reports

JACKPOT DIGITAL ANNOUNCES CLOSING OF CONVERTIBLE DEBENTURE FINANCING

Further to the news releases dated April 7, 2026, and May 26, 2026, Jackpot Digital Inc. has closed $1,957,025 of debentures. The debentures bear interest at the rate of 10 per cent per annum until June 5, 2031. The debentures are convertible at the conversion price of six cents per common share in the first year and at the conversion price of 10 cents per common share in subsequent years. In addition, the company has issued 32,617,084 share purchase warrants, whereby each warrant entitles the debentureholder to purchase one Jackpot common share at the price of seven cents per common share in the first two years and at the price of 10 cents per common share in subsequent years.

The proceeds from the financing will be utilized to cover regulatory licensing fees and related expenses in multiple jurisdictions, industry product certifications, and general working capital.

The securities issued in connection with the above closing are subject to a hold period under applicable securities laws in Canada and the United States.

An insider of the company, Lyle Berman, trustee for Lyle A. Berman Revocable Trust, has subscribed for $1,927,025 of the debentures. This transaction is considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying on exemption from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101.

Mr. Berman is widely recognized as one of the most influential and visionary figures in the gaming business. As chief executive officer of Grand Casinos, he helped pioneer and develop large-scale casino developments on tribal lands -- an innovation that reshaped the U.S. gaming landscape. Mr. Berman merged his Lakes Entertainment with Golden Gaming in 2015, helping create Golden Entertainment.

Mr. Berman is a member of the Gaming Hall of Fame, which was established in 1989 to recognize individuals who have played a significant role in shaping the American gaming industry. Mr. Berman was also a co-founder and served as chairman of the World Poker Tour and is a member of the Poker Hall of Fame.

About Jackpot Digital Inc.

A positive disruptor in the casino business, Jackpot is the leading provider of electronic poker table games, offering innovative gaming solutions to casinos worldwide. The company specializes in the development and deployment of dealerless multiplayer electronic poker ETGs, providing operators with efficient, cost-effective and revenue-generating alternatives to traditional live-dealer table games. Jackpot Digital is committed to enhancing the player experience and helping operators optimize their gaming offerings.

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