Emma Fairhurst Filing of Early Warning Report Related to Acquisition of Common Shares Playground Ventures Inc.

Playground Ventures Inc. (CSE: PLAY) (the "Company" or "Playground") announces that further to its press release of June 17, 2022, due to unforeseen circumstances, Ms. Kaylee Whitcroft is unable to continue her tenure as the Chief Financial Officer of the Company. Mr. Whitcroft will continue as the Company's Operations Accounting Manager. The Company and the board of directors have begun the search to find Ms. Whitcroft's replacement. The board of directors have approved the appointment of Mr. Jon Gill as the Company's Interim Chief Financial Officer.

In addition, the Company announces that it has issued secured promissory grid notes (the "Bridge Notes") to certain lenders (the "Lenders") of the Company for available proceeds to the Company of up to $70,000 (the "Loan"). The Loan has a term until December 31, 2022 (the "Term"), and is secured against all of the assets of the Company. The Corporation may draw on the available proceeds of the Loan from time to time during the Term, and any amounts outstanding under the Bridge Note shall bear interest of 8% per annum, payable with any outstanding principal at the end of the Term.

Playground Ventures Inc. (CSE: PLAY) (the "Company" or "Playground") announces that Nidhi Kumra has resigned as the Company's Chief Financial Officer, effectively May 31, 2022. The Board of Directors and management would like to thank Ms. Kumra for her contributions to the Company and wish her every success in her future endeavors.

The Company is also pleased to announce that Kaylee Whitcroft, the Company's Operations Accounting Manager, has been appointed the Chief Financial Officer of the Company.

Playground Ventures Inc. (CSE: PLAY) (the "Company") is pleased to announce an update on a new mobile video game in our investee company TinyRex Games Inc. ("TinyRex"). The talented team at TinyRex is pleased to announce that they are on schedule for the global release of their mobile game "Wizard of OZ: Idle Merge".

With Females representing 63% of mobile gamers, the TinyRex team believes there is significant potential in this untapped female audience for idle games. With this in mind, they built their first game centered around Dorothy, from the globally recognized Wizard of Oz books to appeal to this lucrative female audience. They have introduced their own flavour of merge mechanics in the game, requiring players to combine assets to strengthen their game progress. With a modern and humorous twist on a story that was first introduced over a century ago, this unique style of gameplay offers an engaging, entertaining mobile experience.

Playground Ventures Inc. (CSE: PLAY) (the "Company") is pleased to announce the appointment of Ms. Emma Fairhurst as a director of the Company. Ms. Fairhurst has over 20 years experience in the venture capital, financial and public company markets. Ms. Fairhurst worked at Canaccord Genuity Corp. where she administered hundreds of millions in assets, private placements and financings before becoming an investor in her own right. Ms. Fairhurst subsequently went on to be a founder and executive in the resource and tech business venture sector. Ms. Fairhurst has extensive board experience as a director and officer of publicly traded companies. Ms. Fairhurst has over 15 years experience with international development and corporate responsibility, working significantly in East Africa. Ms. Fairhurst is a director and founding member of Global Change for Children Society.

Playground Ventures Inc. (CSE: PLAY) (the "Company") is pleased to announce it has settled an aggregate of $196,252.41 of indebtedness to certain creditors of the Company through the issuance of 1,308,349 common shares in the capital of the Company (the "Common Shares") at a price of $0.15 per Common Share (the "Debt Settlement"). The Common Shares issued pursuant to the debt settlement are subject to a four-month hold period and completion of the transaction remains subject to final acceptance of the Canadian Securities Exchange.

The Company is also pleased to announce it has granted 2,425,000 options to purchase common shares of the Company exercisable at a price of $0.15 per share and expiring on February 1, 2027, to certain directors, officers and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.