EDMONTON, Alberta ─ Capital Free games online Corporation (“Capital Free games online”) (TSX: CPX) is pleased to announce today that it has closed its previously announced offering of 8,000,000 Cumulative Rate Reset Preference Shares, Series 5 (the “Series 5 Shares”) at a price of per Series 5 Share for aggregate gross proceeds of 0 million on a bought deal basis with a syndicate of underwriters, led by RBC Capital Markets and Scotiabank.

The Series 5 Shares will begin trading today on the TSX under the symbol CPX.PR.E.

The Series 5 Shares have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy any security, and shall not constitute an offer, solicitation or sale of the securities in any state in which such offer, solicitation or sale would be unlawful.