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SOL GLOBAL ISSUES SHARES TO REDUCE INDEBTEDNESS

Newswire.ca - Tue Sep 20, 2022

TORONTO, Sept. 20, 2022 /CNW/ - SOL Global Investments Corp. (the "Company" or "SOL Global") (CSE: SOL) (OTCQ SOLCF) (Frankfurt: 9SB) announces that on Tuesday, September 20, 2022, it issued 4,788,852 common shares (the "Settlement Shares") of SOL Global ("Common Shares") at a deemed issue price equal to the volume weighted average price of the Common Shares on the Canadian Securities Exchange (the "CSE") for the 15-trading day period ending September 19, 2022, being $0.38 per Common Share, to reduce an aggregate of $1,819,763.76 in indebtedness of the Company (the "Share Settlement").

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