Bingo.com, Ltd.
OTC Bulletin Board : BNGOF

Bingo.com, Ltd.

May 24, 2005 20:27 ET

Bingo.com Launches its Cash Games

ANGUILLA, BRITISH WEST INDIES--(CCNMatthews - May 24, 2005) - Bingo.com, Ltd. (OTCBB:BNGOF), operator of the Internet's pre-eminent bingo portal, is pleased to announce that it has launched cash-based gaming on its website, http://www.bingo.com.

As previously announced, the new cash gaming software has been provided under licence by Chartwell Technology Inc. (TSX:CWH). The new games offer Bingo.com's players the experience of flash based 75 and 90 ball bingo games, complete with chat features and the opportunity to play a full suite of soft games which are offered as side games or intermission entertainment.

"With the launch of our cash games, Bingo.com has entered into a new phase of its development as a business," commented Tarrnie Williams, the Company's CEO. "Bingo is one of the World's most played games and we are looking forward to translating the scope of that popularity to the online World."

While still in its infancy, online bingo has already attracted more than five million players with a demographic profile that differs significantly from that of online casino and poker players. Bingo.com is one of the world's largest online bingo destinations, with a player base of over one million registered players. Through its player acquisition strategy and unique brand identity Bingo.com attracts over 30,000 visitors each day, averages over 800 new player signups per day and has served up over four billion Bingo cards to date on a play for fun basis.

About Bingo.com

Bingo.com, Ltd. operates the popular web portal http://www.bingo.com offering free and cash games including multiplayer bingo, video poker, sweepstakes, slot machines, and more. With over 1,200,000 registered users and more than 800 new users everyday, http://www.bingo.com is one of the most recognized and most visited Bingo entertainment destinations on the web.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future success of the company. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission. Specifically, readers should read the Company's Annual Report on Form 10-KSB, filed with the SEC on March 21, 2005, and the prospectus filed under Rule 424(b) of the Securities Act on March 9, 2005, for a more thorough discussion of the Company's financial position and results of operations, together with a detailed discussion of the risk factors involved in an investment in Bingo.com, Ltd.

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