Mr. Matt Bailey reports

GAMEON FILES Q2 FINANCIALS, ACHIEVES SECOND CONSECUTIVE RECORD QUARTER

GameOn Entertainment Technologies Inc. has filed its condensed consolidated interim financial statements for second quarter 2023.

"Q2 signals another record quarter for the company," said GameOn chief executive officer Matt Bailey. "As each quarter passes, our fundamentals consistently and significantly improve. This is achieved with intent as the company optimizes resources and focuses on scaled revenue and future profits."

Q2 year-to-date highlights include:

• Revenue of $836,239 compared with $125,160 in 2022 (568-per-cent increase year on year);
• Net loss and comprehensive loss of $1,200,580 compared with $2,424,024 in 2022 (50-per-cent decrease year on year);
• Net cash outflows from operations of $1,045,319 compared with $1,455,493 in 2022 (28-per-cent decrease year on year).

"Our recent traction will be hyperfuelled by our forward-looking major league focus," Mr. Bailey said. "We recently announced Professional Fighters League as our newest partner, but this is just the beginning. We have multiple deals in contract and are confident that we'll announce several new partnerships in the coming months. All will leverage our built and ready Playn3xt platform and will present multimillion-dollar revenue opportunities."

Once the next several partnerships are announced, management intends to share new and detailed guidance on revenue projections in late third quarter or early fourth quarter.

Mr. Bailey commented: "Such planning and projections take time, diligence and collaboration with our partners. We expect each new partner to exponentially drive GameOn's investor reach, brand equity and bottom line, and look forward to sharing our path to profitability in due course."

See SEDAR+ for full copies of the company's consolidated financial statements and management's discussion and analysis.

About GameOn Entertainment Technologies Inc.

GameOn (Canadian Securities Exchange: GET) (OTCQB: GMETF) partners with the world's best 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. With a diverse team of Web3, gaming and sports veterans with experience at Take-Two Interactive, Twitch, EA, Dapper Labs and the Brooklyn Nets, it has a platform that is executed at scale with millions of users, gameplays and revenue. GameOn has partnered with NBCUniversal, Bravo, the PFL, Karate Combat, the WNBA, Times Internet, Dick's Sporting Goods and Gaming Society.

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