Mr. Matt Bailey reports

GAMEON GRANTED MCTO

Further to the news release dated April 14, 2023, Gameon Entertainment Technologies Inc.'s principal regulator, the B.C. Securities Commission, has accepted the company's application for, and has granted, a management cease trade order. As previously announced, the company applied for the MCTO due to a delay in the filing of the company's annual financial statements and accompanying management's discussion and analysis for the fiscal year ended Dec. 31, 2022, which were due on May 1, 2022.

The MCTO restricts the chief executive officer and chief financial officer from all trading in securities of the company until such time as the annual filings have been filed by the company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the company to trade in securities of the company.

The company and its auditor continue to work diligently toward completing the annual filings as soon as possible. The company is not aware of any specific accounting or audit concerns at this time. The company expects that it will be in a position to file the annual filings on or before May 30, 2023.

Until the annual filings are filed, the company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203 (Management Cease Trade Orders) for as long as it remains in default, including the issuance of biweekly default status reports in the form of a news release. The company confirms that since the date of the announcement: (i) there has been no material change to the information set out in the announcement that has not been generally disclosed; (ii) there has not been any other specified default by the company under NP 12-203; (iii) the company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the company that has not been generally disclosed.

About Gameon Entertainment Technologies Inc.

Gameon (Canadian Securities Exchange: GET) (OTCQB: GMETF) partners with the world's biggest sports, media and entertainment IPs to launch brand-building, money-making Web3 games (with intuitive Web2-friendly rails). It turns fans into superfans -- engaging, retaining and monetizing audiences, and getting upside in the entire economic cycle of Web3 games. With a diverse team of Web3, gaming, sports and media veterans with experience at Take-Two Interactive, Twitch, EA, Dapper Labs and the Brooklyn Nets, Gameon works with broadcasters, TV networks, streaming platforms, leagues, tournaments and Web3 companies to launch best-in-class Web3 games. Gameon has launched products for NBCUniversal, Bravo, Karate Combat, Times Internet, the WNBA, Dick's Sporting Goods and Gaming Society.

We seek Safe Harbor.