May 23, 2002

Bingo.com, Inc. Retires Outstanding Warrant Held by RedRuth Ventures Inc.

Company Cancels Warrant for 7,200,000 Shares Convertible at $0.25

VANCOUVER, Canada, May 14, 2002 / Bingo.com, Inc. (OTCBB: BIGR), operator of the Internet’s pre-eminent bingo portal, today announced its financial results for the three months ended March 31, 2002. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

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