Bingo.com, Ltd. Announces Private Placement Closing

Business Wire, April 14, 2005

ANGUILLA, British West Indies -- Bingo.com, Ltd. (OTCBB: BNGOF), announced today that it has closed a non-brokered private placement offering of 1,339,667 common shares at US$0.75 per share which has raised gross proceeds of US$1,004,750. The private placement was completed under Regulation S. Proceeds of the private placement will be used for general working capital and as a reserve for potential future acquisitions.

"With the completion of this private placement Bingo.com has positioned itself to expand its user base and increase revenue by taking advantage of global market opportunities," remarked Tarrnie Williams, CEO of Bingo.com.

About Bingo.com

Bingo.com operates the popular web portal www.bingo.com offering free 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, 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, Inc.