SOL GLOBAL ANNOUNCES BOARD CHANGES AND BUSINESS UPDATE

TORONTO, Ontario, June 7, 2023 – SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) is pleased to announce that the board of directors of the Company has appointed Jason Batista to the board to replace Arena Prado-Acosta, who has resigned from the board.

Mr. Jason Batista is a highly experienced and commercially astute financial services professional with over 15 years of experience in banking and investment management, combined with corporate development, corporate communications, and commercial strategy. Certified Chartered Investment Manager; he is currently President of TBJ Consulting which provides a suite of services including corporate development, investment management, and investor relations. Mr. Batista will serve as a member of the Audit Committee.

“On behalf of the Board and management team, we would like to thank Arena for her service and wish her the very best in her future endeavors”, said interim CEO and Chief Financial Officer, Paul Kania.

The Company also announces that it has been advanced an additional $2,029,650 (the “Advance”) from its senior secured lender, Braebeacon Holdings Inc. (the “Lender”), in connection with which it has entered into an amended accommodation agreement (the “Amending Letter”) to the loan agreement between the Lender and the Company dated August 6, 2021, as amended from time to time (as amended, the “Loan Agreement”). The Amending Letter provides for certain requirements of the Company to continue repayment of the total loan under the Loan Agreement, additional reporting obligations and confirmation of certain security interests provided to the Lender. The Advance was used to reduce the amount owed to a former officer of the Company.

Grant of Deferred Share Units
The Company also announces the grant of an aggregate of 650,000 deferred share units (“DSUs”) of the Company to the Vice President and Director, Ms. Deena Siblock, and to Mr. Mehdi Azodi and Mr. Jason Batista, as members of the board of directors (the “Board”), in connection with their recent appointments to the Company. The DSUs have been granted pursuant to the terms and subject to the conditions of the Company’s DSU Plan, as amended. The DSUs may be settled in cash or common shares in the capital of the Company, at the sole discretion of the Board. Any common shares issued in settlement of vested DSUs will be subject to a stock exchange hold period that will expire four months and a day from the issue date of the DSUs.