Jackpot Digital Inc. — Capital/Financing Update 2025

Mar 4, 2025

JACKPOT! digital

NEWS RELEASE

JACKPOT DIGITAL ANNOUNCES DEBENTURE FINANCING AND SETTLEMENT OF DEBT

Vancouver, British Columbia. March 3, 2025 – Jackpot Digital Inc. (the “Company” or “Jackpot”) (TSX-V: JJ) (TSX-V: JJ.WT.C) (US OTCQB: JPOTF) (Frankfurt Exchange: LVH3) announces that it shall issue a secured debenture (the “Debenture”) in the principal amount of US$1,400,000 (the “Debenture Financing”). The Debenture will pay interest at the rate of 18% per annum, paid monthly, calculated from the date of issuance, and will mature on March 7, 2026 (the “Maturity Date”). As consideration, the Company shall issue 500,000 common shares in the capital of the Company (the “Bonus Shares”) at a deemed price of $0.07 per Bonus Share to the Holder.

The proceeds from the Debenture Financing will be utilized to settle the final payment to certain outstanding debentures that are due by July 1, 2025 in the amount of US$1,800,000 as disclosed in the Company’s News Release dated September 23, 2024. By making the final payment to the debentureholders prior to the deadline of July 1, 2025 in the amount of US$1,435,000, the Company will realize immediate savings of US$365,000, and after taking into consideration the interest payable between now and July 1, 2025 on the new debenture and cost of the Bonus Shares, the Company will have net savings of US$260,671 (Cdn$376,356). This final payment will represent a full and final settlement of the debentures due on July 1, 2025.

President & CEO, Mr. Jake Kalpakian states, “We are pleased to retire the outstanding debentures due July 1, 2025 and also happy with the additional savings realized by the Company. The Company is also negotiating to secure a credit line to enable the Company to manufacture its Jackpot Blitz® ETGs in bigger volumes and will update the market accordingly.”

The securities that may be issued in connection with the Debenture Financing and the Bonus Shares shall include a hold period by applicable securities laws.

The Debenture Financing and the Bonus Shares are subject to the approval of the Exchange.

About Jackpot Digital Inc.

A positive disruptor in the casino business, Jackpot Digital Inc. is a 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 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.

For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681-0204 ext. 6105, or visit the Company’s website at www.jackpotdigital.com.

On behalf of the Board of Jackpot Digital Inc.

“Jake H. Kalpakian”

Jake H. Kalpakian

President & CEO

Jackpot Digital Inc.

Suite 575, 510 Burrard Street

Vancouver, BC V6C 3A8

Tel: (604) 681-0204 Fax: (604) 681-9428

www.jackpotdigital.com info@jackpotdigital.com

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Jackpot Digital Inc.
Page 2 - News Release
March 3, 2025

Trading in the securities of the Company should be considered speculative.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

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 news release.

Certain statements contained herein are "forward-looking". Forward-looking statements may include, among others, statements regarding Jackpot's future plans, the obtaining of customary regulatory approvals, projected or proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as "may", "would", "could", "will", "likely", "enable", "feel", "seek", "project", "predict", "potential", "should", "might", "objective", "believe", "expects", "propose", "anticipate", "intend", "plan", "plans" "estimate", and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections, and estimations, there can be no assurance that these assumptions, projections, or estimations are accurate. Readers, shareholders, and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions, or expectations upon which they are based might not occur.

Jackpot Digital Inc.
Suite 575, 510 Burrard Street
Vancouver, BC V6C 3A8
Tel: (604) 681-0204 Fax: (604) 681-9428
www.jackpotdigital.com info@jackpotdigital.com