Mr. Matt Bailey reports

GAMEON CONFIRMS FINALIZATION OF PREVIOUSLY ANNOUNCED LETTER OF INTENT WITH SPORTSOLOGY

GameOn Entertainment Technologies Inc. has entered into a definitive software development and support agreement with Sportsology. GameOn and Sportsology previously announced that they had entered into a letter of intent; as of today's announcement, the terms of that letter of intent have been finalized.

The partnership 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.

$GAME is designed to drive fan engagement and revenue growth for game developers and sports leagues worldwide. The platform 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.

GameOn and Sportsology will share more about $GAME in early 2024, including a litepaper.

To join GameOn's end-of-year investor webinar on Dec. 1, RSVP on-line.

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-generation 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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