NEWS RELEASE

JACKPOT DIGITAL ANNOUNCES DEBENTURE FINANCING

Vancouver, British Columbia. March 29, 2023 - Jackpot Digital Inc. (the "Company" or "Jackpot") (TSX-

  1. JJ) (TSX-V:JJ.WT.B)(TSX-V:JJ.WT.C) (US OTCQB: JPOTF) (Frankfurt Exchange: LVH3). Jackpot proposes to conduct an unsecured convertible debenture financing to raise Cdn$500,000 in gross proceeds (the "Debenture Financing"). The Debenture Financing will pay 10% annual interest and has a term of five years. The Debenture Financing shall be convertible into 7,142,857 common shares of the Company at the price of C$0.07 per common share, and the Company shall issue 7,142,857 share purchase warrants, whereby each warrant shall entitle the debenture holder to purchase one Jackpot common share at the price of $0.10 per share for a period of five years.

The proposed Debenture Financing is subject to the approval of the TSX Venture Exchange (the "Exchange").

Proceeds from the Debenture Financing will mainly be utilized towards regulatory licensing fees and related expenses in multiple jurisdictions, industry product certification, and for general working capital.

The securities that may be issued in connection with the Debenture Financing shall include a hold period in accordance with applicable securities laws. There may be finder's fees payable in respect to the Debenture Financing in accordance with the policies of the Exchange.

About Jackpot Digital Inc.

Jackpot Digital Inc. is a leading electronic table games manufacturer for the cruise ship industry and regulated casino industry. The Company specializes in multiplayer gaming products, including poker and casino games, which are complimented by a robust suite of backend tools for operators to efficiently control and optimize their gaming business.

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

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

Jackpot Digital Inc.

Suite 303, 570 Granville Street

Vancouver, BC V6C 3P1

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

www.jackpotdigital.com info@jackpotdigital.com

Jackpot Digital Inc.

March 29, 2023

Page 2 - News Release

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 303, 570 Granville Street

Vancouver, BC V6C 3P1

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

www.jackpotdigital.com info@jackpotdigital.com

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Jackpot Digital Inc. published this content on 29 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2023 22:29:06 UTC.