Mr. Scott Meyers reports

REACT GAMING ANNOUNCES APPOINTMENT TO THE BOARD OF DIRECTORS AND MANAGEMENT CEASE TRADE ORDER

React Gaming Group Inc. has appointed Normand Bellemare to its board of directors.

Mr. Bellemare has extensive experience in the field of sales, after receiving a bachelor's degree in social communication. Over the years, he has won several awards of excellence from major international companies. In 1998, he created a company, Runes Technologiques, which specializes in technological recruitment. Mr. Bellemare has also been in charge of sales at Renaps Info, a company that offers technological services.

Management cease trade order

The corporation announces that it has not met its filing deadline for its audited annual financial statements, and accompanying management's discussion and analysis, and related chief executive officer and chief financial officer certificates for the financial year ended Dec. 31, 2022 (collectively, the annual financial filings), and that a management cease trade order (MCTO) has been granted by the Autorite des marches financiers (AMF).

In connection with the corporation's expectation that it would be unable to file the annual financial filings on time, the corporation applied for a MCTO under National Policy 12-203 -- Management Cease Trade Orders, as disclosed in the corporation's news release dated May 1, 2023. As previously announced, the corporation was unable to file the annual financial filings by the filing deadline because of a delay arising from a change in auditor.

Yesterday, the AMF granted the corporation's application for the MCTO. The MCTO restricts trading in securities of the corporation by each of the directors and officers of the corporation until the annual financial filings are filed, and requires that the annual financial filings be filed on or before June 30, 2023. The MCTO does not affect the ability of shareholders to trade their securities and the general investing public will continue to be able to trade in the corporation's common shares.

While the annual financial filings are pending, the corporation will release biweekly default status updates in compliance with NP 12-203. During the period it remains in default of the filing requirements, the corporation intends to adhere to the alternative information guidelines, as defined in NP 12-203. The corporation confirms that there is no other material information relating to its affairs that has not been generally disclosed.

About React Gaming Group Inc.

React Gaming Group is a publicly traded holding company that stands at the forefront of the e-sports and i-gaming industry. By investing in innovative technologies that enhance tournaments, teams and wagering, it provides its users with gaming platforms that produce non-stop action, exciting outcomes and unparalleled enjoyment. Through the use of intelligent data, the company also connects its sponsors to robust communities within the rapidly evolving industry, ensuring maximum engagement and substantial reward.

We seek Safe Harbor.