Mr. Rod Baker reports

GREAT CANADIAN GAMING ANNOUNCES FINAL RESULTS OF ITS SUBSTANTIAL ISSUER BID

Great Canadian Gaming Corp. has released the final results of its offer to purchase up to 10 million of its common shares at a fixed purchase price of $10 per share under the company's substantial issuer bid dated July 6, 2012. Shareholders had the opportunity under the terms of the issuer bid to tender shares until 5 p.m. (Toronto time) on Aug. 15, 2012.

Great Canadian confirmed that all of the terms and conditions of the issuer bid have been complied with or waived and that a total of 19,153,421 common shares were validly tendered to the issuer bid.

In accordance with the terms of the issuer bid, the company has accepted for purchase 10 million of the validly tendered common shares at a purchase price of $10 per common share for a total of $100-million. The shares being repurchased represent approximately 12.6 per cent of the company's common shares outstanding. After giving effect to the cancellation of the repurchased shares, there would have been 69,093,847 common shares outstanding on the expiration date.

Since the issuer bid was oversubscribed, shareholders who have validly tendered common shares will have approximately 52.2 per cent of their tendered shares purchased by the company, except for odd-lot deposits that are not subject to pro-ration. In addition, adjustments will be made to avoid the creation of fractional shares.

The depositary will promptly issue payment for the shares accepted for purchase in compliance with the terms of the issuer bid. Common shares not validly deposited under the issuer bid or not taken up because of pro-ration will be returned to the applicable shareholders as promptly as possible.

As of the expiration date, the company estimates that the paid-up capital per common share for purposes of the Income Tax Act (Canada) was approximately $3.79.

We seek Safe Harbor.