Playgon Announces Strategic Repositioning and Upcoming Annual and Special Meeting of Shareholders, Proposed Share Consolidation, Name Change, Settlement of Outstanding Debt and up to $10 Million Private Placement

About this update from Playgon Games, Inc.

Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - Playgon Games Inc. (TSXV: DEAL) (OTC Pink: PLGNF) (FSE: 7CR) ("Playgon" or the "Company"), a propriety SaaS technology company delivering mobile live dealer technology to online gaming operators globally, is pleased to announce that it will hold its next annual and special meeting (the "Meeting") of its shareholders (the "Shareholders") on June 29, 2026 for purposes of, among other things, approving a share consolidation (the "Share Consolidation") and a settlement of outstanding debt in consideration for the issuance of common shares ("Common Shares") of the Company (the "Debt Settlement"). In connection with the Meeting, a management information circular of the Company (the "Circular") will be filed and mailed to the Shareholders of record as at the applicable record date on or about May 29, 2026, and will be available under the Company's SEDAR+ profile available for viewing at www.sedarplus.ca. Shareholders are encouraged to refer to the Circular for additional information regarding the above noted transactions, including the conditions for completion. Strategic Repositioning In addition to the corporate matters to be considered at the Meeting, the Company is advancing a broader strategic repositioning intended to align the Company with what management believes are the next major growth opportunities in live casino entertainment. The Company is evolving from a primarily human-hosted live dealer studio model toward a scalable, software-driven platform strategy focused on technology licensing, recurring revenue and new forms of interactive live gaming content. The Company's new strategy is expected to be anchored by three complementary business verticals all developed around its core technology: (i) continued support for traditional live dealer opportunities under an OEM model, where partners or customers fund the studio build-out and ongoing operating costs, while Playgon provides the underlying certified platform, game technology and support services in exchange for recurring platform fees or revenue share; (ii) the development of remote live slots, a new product vertical designed to allow online players to remotely engage with physical slot machines through the Company's live streaming and gaming te...

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