VIP Entertainment Technologies Inc. closed a non-brokered private placement, through the
issuance of 2,550,800 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 637,700. The transaction included participation from certain management and directors in the transaction for for 638,000 units for the proceeds of CAD 159,500. Each unit will be comprised of one common share in the capital of the Corporation and one half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share in the capital of the Corporation at a price of $0.50 per share, on or before the date that is two years from the Closing Date. An aggregate of $5,400 and 21,600 Units were issued as compensation to certain finders. All securities issued pursuant to 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.