TransGaming Closes Fully Subscribed Public Offering

NOT FOR DISSEMINATION IN THE UNITED STATES 

TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") is pleased
to announce that it has closed its previously announced public offering (the
"Offering"), pursuant to which the Company sold a total of 21,904,762 units of
the Company (the "Units") for gross proceeds of $4,600,000. The Offering was
completed today under an agency agreement, dated February 18, 2014, between the
Company and Global Maxfin Capital Inc. and Jacob Securities Inc. (the "Agents")
and included the closing of the over-allotment option, which was fully
exercised. 


Each Unit was comprised of one common share of the Company and one half of one
common share purchase warrant (each whole warrant, a "Warrant"). Each whole
Warrant entitles the holder thereof to acquire one common share of the Company
at an exercise price of $0.33 until February 21, 2016. 


The net proceeds of the Offering will be used for general corporate purposes, to
pay certain indebtedness, to leverage its previous investment in research &
development to launch a broader portability platform later this year, and to
enhance and expand its existing graphics 3D rendering technology known as
SwiftShader for applications beyond existing enterprise software capabilities.


For further details regarding the Offering, please see the Company's press
releases dated February 3, 2014 and February 18, 2014, respectively, the short
form preliminary prospectus filed on February 3, 2014, the final short form
prospectus filed on February 19, 2014 and the agency agreement, copies of which
are available under the Company's profile at www.sedar.com.


"Technology companies require capital as their fuel for high growth. TransGaming
has demonstrated exceptional results and performance in difficult economies
while also operating very lean. This funding round allows us to carefully invest
in critical areas and accelerate the adoption of our products globally",
commented Vikas Gupta, CEO & President of TransGaming. "We've made international
news headlines through strategic agreements with Samsung, Toshiba, and many
others, our product portfolio is aligned well with our industry sector and we
are now positioned to effectively execute on our business plan while also
expanding our technology platform to pursue new industry developments. This is
an exciting time for TransGaming as we position ourselves for the next chapter
of growth and embrace the multitude of opportunities on the horizon."


About TransGaming Inc. 

TransGaming Inc. (TSX VENTURE:TNG) is a global leader in developing and
delivering platform-defining social video game experiences to consumers around
the world. From engineering essential technologies for the world's leading
companies, to engaging audiences with truly immersive interactive experiences,
TransGaming fuels disruptive innovation across the entire spectrum of consumer
technology. TransGaming's core businesses span the digital distribution of games
for Smart TVs, next-generation set-top boxes, and the connected living room, as
well as technology licensing for cross-platform game enablement, software 3D
graphics rendering, and parallel computing. Visit us at http://transgaming.com.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws. 


Forward-Looking Statements 

This news release contains forward-looking statements. Actual events or results
may differ materially from those described in the forward-looking statements due
to a number of risks and uncertainties, including changes in financial and
product market conditions. Forward-looking statements are based on management's
estimates, beliefs, and opinions. The Company assumes no obligation to update
forward-looking statements, other than as may be required by applicable law. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
TransGaming Inc.
Dennis Ensing
Chief Financial Officer
1.416.979.9900 x321
[e-mail]