Ms. Nicole Payawal reports

GOOD GAMER ENTERTAINMENT INC. SIGNS MASTER SERVICES AND LICENSE AGREEMENT WITH COMMUNITYLOGIQ SOFTWARE INC., APPOINTS NEW DIRECTOR, PROPOSES PRIVATE PLACEMENT FINANCING AND PLANS TO COMPLETE SHARE CONSOLIDATION

Good Gamer Entertainment Inc., further to its news release dated Feb. 8, 2024, has signed the master services and licence agreement with CommunityLogiq Software Inc., doing business as UrbanLogiq, whereby the company shall acquire an exclusive software licence for the UrbanLogiq risk management platform, enhancing the company's technological capabilities and market reach.

Under the terms of the agreement, the company will acquire an exclusive, worldwide licence for the UrbanLogiq risk management platform in consideration of the issuance of an upfront payment of $250,000 and the issuance of an aggregate 2.5 million preconsolidation (as defined below) common shares of the company upon the milestones being met as shown in the associated table, pursuant to the agreement.

The shares issued under the agreement will be subject to a statutory hold period of four months and one day from issuance. The agreement and the transactions contemplated therein have been accepted by the TSX Venture Exchange.

Change of directors

The company also announces the appointment of Barinder Rasode to the company's board of directors.

Ms. Rasode is an entrepreneurial leader, collaborator and community advocate renowned for her ability to mobilize diverse stakeholders toward shared objectives. With a keen focus on technology and bioscience ventures, she has catalyzed numerous successful initiatives. Notable among them are co-founding Tersa Earth Innovations -- a trailblazing mining waste remediation enterprise -- and co-founding HAVN Life, a pioneering wellness company dedicated to standardizing psychoactive compound extraction and advancing natural health solutions.

At the helm of Kyn Biosciences, a forward-thinking business accelerator committed to innovation, diversity and inclusion, Ms. Rasode champions transformative ideas and emerging talents within the bioscience realm. Her commitment to governance and public service is exemplified by her tenure as a two-term elected councillor for the City of Surrey, and her impactful role on the board of British Columbia's largest health authority, where she steered a $3-billion budget with acumen and dedication.

Financing

The company further announces a non-brokered private placement of up to $1-million consisting of up to 10 million preconsolidation shares at a purchase price of 10 cents per preconsolidation share.

The company will use the proceeds from the placement toward its obligations under the agreement and for general working capital. Finder's fees, payable in cash, shares and/or share purchase warrants, may be payable in accordance with the policies of the TSX Venture Exchange.

The placement remains subject to the acceptance of the TSX Venture Exchange. All securities issued under the placement shall be subject to a statutory hold period of four months and one day from issuance.

Share consolidation

The company further announces that the company plans to consolidate its issued and outstanding common shares at a ratio of two preconsolidated shares to one postconsolidation share. The purpose of the consolidation is to improve the capital structure and generate greater investor interest.

The company currently has 45,582,756 common shares issued and outstanding. Upon completion of the consolidation, the company will have 22,791,378 common shares issued and outstanding.

In accordance with the company's articles, the consolidation will not require the approval of the shareholders. The company will not be changing its name in connection with the consolidation. The consolidation is subject to the acceptance of the TSX Venture Exchange.

About Good Gamer Entertainment Inc.

Good Gamer Entertainment is a forward-thinking technology company dedicated to innovating and utilizing AI (artificial intelligence) in technology. With a focus on developing cutting-edge solutions, Good Gamer is committed to enhancing how businesses engage with their audiences and data.

We seek Safe Harbor.