Mr. Craig Thomas reports

GAMEHOST ANNOUNCES NORMAL COURSE ISSUER BID FOR ITS SHARES

The Toronto Stock Exchange has accepted Gamehost Inc.'s notice of intention to make a normal course issuer bid to purchase for cancellation, from time to time, as Gamehost considers advisable, its issued and outstanding common shares.

There were 21,706,492 shares issued and outstanding as at July 31, 2023. Of this amount, 10,506,686 shares constitute the public float, calculated in accordance with the rules of the TSX. Pursuant to the bid, Gamehost intends to purchase for cancellation up to a maximum of 1,085,324 shares, being equal to 5 per cent of Gamehost's issued and outstanding shares on July 31, 2023. Notwithstanding the foregoing, pursuant to the rules of the TSX, Gamehost may not purchase more than 2,445 shares in any one day, such amount being equal to 25 per cent of the average daily trading volume of the shares for the six months ended July 31, 2023, which was 9,780 shares.

Purchases under the bid will be made on the open market through the facilities of the TSX and any other Canadian marketplaces. The price that Gamehost will pay for any shares purchased by it will be the prevailing market price of the shares on the TSX and other Canadian marketplaces at the time of such purchase. The actual number of shares that may be purchased under the bid for cancellation and the timing of any such purchases will be determined by Gamehost.

The bid will commence on Aug. 14, 2023, and will terminate on Aug. 13, 2024, or such earlier time as the bid is completed or terminated at the option of Gamehost.

Management of Gamehost believes that, from time to time, the market price of the shares may not fully reflect their underlying value and that, at such times, the purchase of shares would be in the best interest of Gamehost. At times when the market price does not fully reflect the value of the shares, such purchases would increase the proportionate interest of and be advantageous to all remaining shareholders.

During the previous 12 months, Gamehost purchased 756,256 shares at a weighted average price of $8.26 per security through the facilities of the TSX and other Canadian marketplaces. Gamehost had received approval from the TSX to purchase up to a maximum of 1,124,654 under a bid commencing on July 21, 2022, and ending on July 20, 2023.

About Gamehost Inc.

Gamehost is a corporation established under the laws of the Province of Alberta. Gamehost's operations are all located in the province of Alberta, Canada. Gamehost's operations include the Rivers Casino & Entertainment Centre in Fort McMurray, the Great Northern Casino, Service Plus Inns & Suites and Encore Suites hotels, as well as a strip mall all located in Grande Prairie, and the Deerfoot Inn & Casino Inc. in Calgary.

Gamehost common shares trade on the TSX under the symbol GH.