Mr. Steve Budin reports

KINGS ENTERTAINMENT ANNOUNCES CLOSING OF ACQUISITION OF BRAIGHT AI TECHNOLOGIES INC.

Kings Entertainment Group Inc., further to its news release of June 16, 2023, has completed the acquisition of all of the issued and outstanding shares in the capital of Braight AI Technologies Inc., a private company existing under the laws of British Columbia. The company now holds 100-per-cent of the issued and outstanding shares of Braight AI.

Braight AI has completed the acquisition of all of the issued and outstanding in the capital of Epeer Spolka Z Ograniczona Odpowiedzialnoscia, a limited liability company existing under the laws of Poland prior to closing of the transaction.

In connection with the closing, and pursuant to the terms and conditions of a share exchange agreement dated June 14, 2023, and as amended on July 11, 2023, among the company, Braight AI and the shareholders of Braight AI, and on closing, the company issued an aggregate of 59,289,392 common shares in the capital of the company to the shareholders of Braight AI at a deemed value of 18.5 cents per payment share. There is no hold period for the payment shares pursuant to applicable securities laws. The holders of the payment shares have agreed to include a voluntary hold period for 50 per cent of the payment shares, as requested by the Canadian Securities Exchange. The voluntary hold period is for four months and will expire on Nov. 14, 2023.

The company intends to leverage Braight AI's technology to accelerate its user verification process, and explore other ways the technology can benefit its lotto and gaming platforms.

In connection with the transaction and in consideration of the introduction to the company, the company has issued 6,846,350 common shares of the company to an arm's-length finder at a deemed value of 18.5 cents per finder's share. The finder's shares are subject to a statutory hold period of four months and one day, in accordance with applicable securities legislation, ending on Nov. 15, 2023.

The transaction is an arm's-length transaction. On closing, the company has appointed Jakub Babelek and Hanna Chaban to the board of directors of the company, and Anthony Zelen has resigned as a director of the company.

About Braight AI Technologies Inc.

Braight AI, through Epeer, is a leading provider of artificial intelligence (AI) big data analytics solutions. Braight AI specializes in leveraging the power of AI to extract actionable insights from vast amounts of data, empowering businesses to make informed decisions. It offers two cutting-edge AI solutions tailored to address specific business needs: AI risk and AI marketing.

About Kings Entertainment Group Inc.

Established in 2005, Kings Entertainment is an international on-line service provider for lottery, casino and sportsbook gambling and parent company of global on-line gaming innovators LottoKings and WinTrillions. These brands leverage their ability to acquire high-potential players through renowned lottery offerings, then engage players in a range of casino and sportsbook offerings. LottoKings and WinTrillions have attracted and retained millions of player sign-ups since their inceptions.

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