Contagious Gaming Inc. — Capital/Financing Update 2021

Nov 25, 2021

==> picture [233 x 58] intentionally omitted <==

CONTAGIOUS GAMING ANNOUNCES PRIVATE PLACEMENT OF UNITS

NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES

VANCOUVER, B.C., November 25, 2021 – Contagious Gaming Inc. ( TSX-V: CNS ) (“ Contagious Gaming” or the “ Company ”) is pleased to announce a non-brokered private placement of up to 20,000,000 units at $0.05 for gross proceeds of up to $1,000,000 (the “ Offering ”).

Each Unit will consist of one common share in the capital of the Company (the “ Shares ”) plus one common share purchase warrant (the “ Warrants ”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.05 for a period of two years from the closing of the Offering.

The Company may pay a finder’s fee on the Offering within the amount permitted by the policies of the TSX Venture Exchange (the “ Exchange ”).

All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange. The net proceeds from the Offering will be used by the Company for general working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Contagious Gaming

Contagious Gaming Inc. ( TSX-V: CNS ) is in the business of developing software solutions for regulated gaming and lottery markets. The Company is currently focused on capitalizing on its proprietary digital instant lottery content.

LEGAL_37570123.1

For more information on Contagious Gaming please visit www.contagiousgaming.com. For further information, please contact:

Craig Loverock, Chief Financial Officer

Email: craig.loverock@contagiousgaming.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This information release contains certain forward-looking information, including about the Offering, the receipt of all necessary regulatory approvals and the expected use of proceeds from the Offering. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

LEGAL_37570123.1