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Bingo, Inc. Purchases Bingo.com Debenture

29 May 2002

VANCOUVER, British Columbia--(Press Release)-- Bingo.com, Inc. (OTCBB:BIGR), operator of the Internet's pre-eminent bingo portal, today announced that Bingo, Inc., an unrelated company, has purchased the $750,000 debenture previously held by Redruth Ventures Inc. Bingo, Inc. now holds 100% of the $1,250,000 convertible debenture dated April 16, 2001.

"We are pleased with the progress that Bingo.com has been making," commented Donald Curtis, Managing Director of Bingo, Inc. "Their cost cutting measures have proven successful, and we are excited about the future."

Tarrnie Williams, CEO of Bingo.com, Inc., is a potential beneficiary of Bingo, Inc.

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