Mr. Matt Bailey reports

GAMEON PARTNERS WITH SPORTSOLOGY TO DEVELOP NEXT-GEN FANTASY SPORTS $GAME INFRASTRUCTURE

GameOn Entertainment Technologies Inc. has entered into a letter of intent to complete a software development and support agreement with Sportsology, subject to final documentation. The agreement will drive $2.3-million from development fees into Q4 as well as $1.4-million in annual recurring revenue from 2024 onward. The total expected value of the deal is $9.3-million over five years, with the partnership anticipated to grow and garner further opportunities.

As part of the agreement, GameOn Entertainment Technologies is developing a fantasy sports infrastructure called $Game. The platform is designed to drive fan engagement and revenue growth for game developers and sports leagues worldwide. $Game will enhance the player experience in sports specific games such as fantasy games, predictor games card battle games and sports betting games as well as others where relevant as the ecosystem matures. Developers will use $Game to provide interoperability between games, distributed rewards, true ownership of assets and other benefits to sports fans and gamers.

Sportsology will benefit from GameOn's vast experience in Web3-based intellectual property development, with proven domain expertise in sports and games. Once operationalized by Sportsology, GameOn expects to leverage $Game to provide unified experiences and rewards across its ecosystem of game products, including for Laliga and PFL (Professional Fighters League). As the exclusive developer of the platform, in partnership with Sportsology, GameOn will gain first-mover access to $Game and its capabilities. More details on how $Game will be integrated and provide benefits for fans will be announced in the near future.

"$Game will change the way we play, helping us deliver next-gen games to millions of fans worldwide," said Matt Bailey, chief executive officer at GameOn. "This is an authentic and scalable opportunity that is projected to drive highly profitable growth and a first-mover advantage for GameOn." GameOn recently announced partnerships with Laliga and PFL and expects to deliver more news by the end of the year. Management intends to share new and detailed guidance on revenue projections in December by way of a soon-to-be-announced webinar.

About GameOn Entertainment Technologies Inc.

GameOn partners with the world's best sports, media and entertainment IPs (intellectual properties) to launch brand-building, money-making next-gen games. The company turns fans into superfans -- engaging, retaining and monetizing audiences. With a diverse team of gaming, sports and Web3 veterans with experience at Take-Two Interactive, Twitch, EA, Dapper Labs and the Brooklyn Nets, GameOn's platform is executed at scale with millions of users, gameplays and revenue. GameOn has partnered with NBCUniversal, Bravo, Laliga, PFL, Karate Combat, the WNBA (Women's National Basketball Association), Times Internet, Dick's Sporting Goods and Gaming Society.

About Sportsology Ltd.

Sportsology is a newly incorporated company that will operate $Game, the next-gen fantasy sports infrastructure for game developers and sports leagues. Sportsology's mission is to increase fan engagement and revenue for game developers and sports leagues worldwide, supporting and growing the sports gaming community and ecosystem. Sportsology is at the forefront of scalable Web3 adoption in a context that fans and gamers are familiar with.

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