“We are constantly evaluating new opportunities to grow our business through acquisition and to enhance shareholder value. This includes ensuring that we have access to capital at favourable costs. Our consistent performance and strong aEBITDA has created this opportunity with the Bank, and we are very excited to continue to work with them,” said Jordan Gnat, CEO of Playmaker.

Pursuant to the Term Sheet, the Bank has agreed to provide Playmaker with three credit facilities, totalling US$15,000,000 to use for acquisitions and general corporate purposes, subject to satisfaction of customary conditions precedent. The facilities have a two-year term, subject to Playmaker’s option to extend for an additional 12 months, subject to the Bank’s approval. The total facility limit can be increased by an additional US$11,000,000, if the Company delivers evidence satisfactory to the Bank that it has completed a minimum equity raise of US$10,000,000.

Playmaker expects to enter into a binding commitment letter with the Bank in respect of the Credit Facilities in April 2022.

Playmaker also announced today that it has filed and obtained a receipt for a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, other than Quebec.

Upon a final short form base shelf prospectus (the “Shelf Prospectus”) becoming effective, the Shelf Prospectus will be valid for a 25-month period, during which time Playmaker may issue common shares, preferred shares, units, debt securities, subscription receipts and warrants (the “Securities”) in amounts, at prices and on terms based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement (“Prospectus Supplement”), for an aggregate offering amount of up to CAD$75,000,000.

Unless otherwise specified in a Prospectus Supplement, the net proceeds from the sale of Securities for cash may be used for potential future acquisitions, capital expenditures, to repay indebtedness and general working capital purposes. Each Prospectus Supplement will contain specific information concerning the use of proceeds from that sale of Securities. There is no certainty that any Securities will be offered or sold under the Shelf Prospectus within the 25-month period.

TSX VENTURE EXCHANGE DISCLAIMER

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

FORWARD LOOKING STATEMENTS

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Playmaker’s current expectations regarding future events. The words “will”, “expects”, “anticipates”, “believes”, “plans”, “intends” and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by Playmaker to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, risks related to changes in general economic, business and political conditions, the execution of a binding commitment letter with the Bank in respect of the Credit Facilities, the offering or sale of Securities pursuant to the Shelf Prospectus, the completion of the transactions contemplated in this press release in the manner anticipated and those factors discussed in greater detail under the “Risk Factors” section in the preliminary base shelf prospectus, which is available under our profile on SEDAR at www.sedar.com, and should be considered carefully by prospective investors. Playmaker undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

ABOUT PLAYMAKER

Playmaker Capital Inc. (TSX-V: PMKR; OTC: PMKRF) is a digital sports media company that lives at the intersection of sports, betting, media and technology. Playmaker is building a collection of premier sports media brands, curated to deliver highly engaged audiences of sports fans to sports betting companies, leagues, teams and advertisers.

For more information, visit: playmaker.fans or contact Playmaker Chief Executive Officer Jordan Gnat via email jgnat@playmaker.fans | T: (416) 815-4993.