Mr. Scott Secord reports

GAMING NATION INC. ANNOUNCES Q1 2016 FINANCIAL RESULTS

Gaming Nation Inc. has released its financial and operational results for the first quarter ended March 31, 2016. Consolidated financial statements and management's discussion and analysis for the quarter ended March 31, 2016, can be found on SEDAR.

First quarter 2016 financial highlights

The first quarter 2016 operating results ended March 31, 2016, of Gaming Nation include operations from the following reportable segments:

• Electronic 50/50 draw platform through 5050 Central Ltd. and 5050 Central Delaware Inc.;
• Fantasy sport platform through Fantasy Feud Inc.;
• Sports intelligence information though Guru Fantasy Reports Inc. and Stevo Design Inc. (Pick Nation);

Financial highlights:

• Consolidated revenue for the quarter was $2.49-million.
• Net loss for the quarter was $1.9-million.
• Adjusted earnings before interest, taxes, depreciation and amortization for the quarter were ($100,000).
• Cash and short-term investments as of March 31, 2016, were $15.1-million.
• Working capital as of March 31, 2015, was $12.1-million.

First quarter 2016 operational highlights

Gaming Nation has signed 24 new multiyear 5050 Central partnerships, including the following major professional sports teams: Sacramento Kings, Houston Astros, Texas Rangers and San Jose Earthquakes. In addition, Gaming Nation has renewed several long-term agreements, including the Calgary Flames, St. Louis Cardinals, Boston Red Sox and the Calgary Stampeders.

Fantasy Feud has demonstrated continued revenue growth of 240 per cent in first quarter 2016 over the same quarter in 2015. The company's decision in fourth quarter 2015 to eliminate the majority of daily fantasy games, in which guaranteed prize pools were awarded, has resulted in a reduction of over $1.0-million in losses for this segment in first quarter 2016 versus fourth quarter 2015.

Fantasy Guru and Pick Nation, Gaming Nation's subscription-based information portals, have shown consistent operational results during first quarter as compared with the same quarter for the prior year.

Gaming Nation has also made a $4-million (U.S.) strategic investment by acquiring a 25-per-cent equity stake in DMi Inc., a digital games publisher and developer focused on delivering Nascar-branded games, operating as Dusenberry Martin Racing (DMR). DMR holds the exclusive licensing rights to Nascar racing games on all interactive entertainment platforms through 2022. The management of Gaming Nation believes the continued growth in both e-game/e-sports markets will further position DMi to expand its presence in the video game space and exploit further opportunities through Gaming Nation's fantasy platform and through 5050 Central's business with Nascar.

Within 12 to 24 months, the company anticipates working toward key milestones to increase revenue and profitability in each business segment and in turn deliver greater shareholder value.

Scott Secord, president and chief executive officer of Gaming Nation, commented as follows: "Management is pleased with the results of our first quarter in 2016. We continue to see strong growth in our 5050 Central business, and we have taken the necessary steps to eliminate the vast majority of losses in our Fantasy Feud business. We look forward to continuing to execute our growth strategy in the coming quarters," stated Mr. Secord, president and CEO of Gaming Nation.

We seek Safe Harbor.