Mr. Justin Kenna reports

GAMESQUARE SET TO JOIN RUSSELL MICROCAP INDEX

Gamesquare Holdings Inc. is set to join the Russell Microcap Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the United States market opens on June 26, according to a preliminary list of additions posted June 2.

Justin Kenna, chief executive officer of Gamesquare, stated: "Joining the Russell Microcap Index is an important milestone for Gamesquare. Our market cap has increased over 120 per cent over the past 12 months, reflecting the successful execution of our growth strategies and record pipeline, as well as our recent merger with Engine Gaming and Nasdaq listing. We believe our awareness and exposure within the investment community will further increase as a member of the Russell Microcap Index, and we are excited by the growing momentum under way across our business."

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth- and value-style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds, and as benchmarks for active investment strategies. Approximately $12.1-trillion in assets are benchmarked against Russell's United States indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap Index and the Russell indexes reconstitution, go to the Russell reconstitution section on the FTSE Russell website.

About Gamesquare Holdings Inc.

Gamesquare Holdings is a vertically integrated, digital media, entertainment and technology company that connects global brands with gaming and youth culture audiences. Gamesquare's end-to-end platform includes GCN, a digital media company focused on gaming and e-sports audiences, Cut+Sew (Zoned), a gaming and lifestyle marketing agency, United States, Code Red Esports Ltd., a United Kingdom-based e-sports talent agency, Complexity Gaming, a leading e-sports organization, Fourth Frame Studios, a creative production studio, Mission Supply, a merchandise and consumer products business, Frankly Media, programmatic advertising, Stream Hatchet, live streaming analytics, and Sideqik, a social influencer marketing platform.

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