Mr. Darcy Krogh reports

PLAYGON GAMES ANNOUNCES RENEWAL OF ONTARIO GAMING REGISTRATION

The Alcohol and Gaming Commission of Ontario (AGCO) has renewed Playgon Games Inc.'s gaming-related supplier registration for an additional one-year term.

The renewal enables Playgon to supply its approved technology and gaming content to eligible licensed i-gaming operators in Ontario and provides an important regulatory foundation for the company as it advances its next-generation AI Dealer technology toward commercialization, subject to applicable regulatory approvals and certification requirements.

Ontario represents an increasingly important market opportunity for Playgon's AI Dealer strategy. The province has established itself as one of North America's largest and fastest-growing regulated i-gaming jurisdictions, providing the company with access to a sophisticated operator market that continues to seek new technologies capable of increasing player engagement, reducing operating costs and differentiating on-line casino offerings.

According to iGaming Ontario, for the 12-month period from April 1, 2025, through March 31, 2026, Ontario's regulated i-gaming market generated more than $103-billion in wagering activity and more than $4.2-billion in gaming revenue. This compares with approximately $82.7-billion in wagers and $3.2-billion in gaming revenue during Ontario's third year of regulated operations, representing year-over-year growth of approximately 25 per cent in wagering activity and more than 30 per cent in gaming revenue.

Of particular importance to Playgon's strategy, on-line casino continued to dominate Ontario's regulated i-gaming market, accounting for approximately 79 per cent of total gaming revenue during the fourth year of operations, representing approximately $3.4-billion in annual gaming revenue. This compares with approximately $2.4-billion in on-line casino gaming revenue during Ontario's third year of operations, demonstrating growth of approximately 40 per cent year over year in the segment of the Ontario i-Gaming market most directly aligned with Playgon's technology and AI Dealer strategy.

The continued expansion of Ontario's on-line casino market is particularly relevant to Playgon as the company prepares its AI Dealer product for commercial deployment.

About Playgon Games Inc.

Playgon Games is a software-as-a-service technology company focused on developing and delivering innovative gaming technology to on-line operators globally. The company's technology platform includes Live Dealer Casino, e-table games and its next-generation AI Dealer initiative.

The company is developing AI-powered (artificial intelligence) gaming technologies designed to combine highly realistic digital humans, artificial intelligence and Playgon's existing casino gaming infrastructure to deliver scalable, customizable and interactive gaming experiences for on-line gaming operators and their players.

Playgon's products are delivered through a business-to-business licensing model and are designed to enhance player engagement, improve operator economics and expand the possibilities for interactive on-line gaming entertainment.

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