Fortuna Gaming, Ignition Reach Agreement

Fortuna Gaming Corp. today announced that through its wholly owned subsidiary, Fortuna Gaming (UK) Limited, it has reached a final agreement with Ignition Technologies, Inc., doing business as MobileGamingNow in which it has purchased a license from MGN for its proprietary software which enables licensees to offer the game of poker to qualified players via the Internet, cellular phones and other handheld devices. MGN operates from offices located in Vancouver, British Columbia, Canada and is the first software provider to offer interactive, multi-player web and mobile gaming licenses.

The Company also announced the appointment of Douglas Waugh as President of Fortuna Gaming by the Board of Directors. Mr. Waugh will also serve as a member of the Board of Directors of Fortuna.

Mr. Waugh brings 30 years of creative vision and extensive expertise in management, product development, and sales marketing to Fortuna. He has successfully developed, built, and financed both private and senior international TSE and NASDAQ public companies from conception to full operation. Through his many business ventures, he has significant expertise in forging strategic alliances. In 1992, he co-founded a start-up gaming company that manufactured video gaming equipment for markets in California and other parts of the world. His leadership and vision in this start-up company helped produce over $50 million in revenue in its third year of operation. Mr. Waugh's background of proven leadership success in fast-paced and rapid growth environments makes him an important addition to the Fortuna team.

"At no time in history can I recall when the game of poker was as popular as it is at the present time," said Douglas Waugh, President of Fortuna Gaming Corp. "The global interest in the game and the media attention devoted to poker is overwhelming and reflects the current scope and growth potential for this industry. I am in the fortunate position of being able to lead Fortuna in its goal to make the game of poker available, not only to players online, but also to players on their handheld cellular devices."