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Alpha Esports Tech Announces Private Placement of CDN $1,500,000
October 20, 2021, Vancouver, BC - Alpha Esports Tech Inc. (CSE: ALPA) (FSE:(9HN), (OTC PINK: APETF), ("Alpha" or the "
--->Company"), is pleased to announce a non-brokered private placement (the "Offering") of CDN $1,500,000 or up to 4,285,7
--->14 units (the "Units"). Each Unit will be comprised of one common share at a price of CDN $0.25 and one half common sh
--->are purchase warrant (the "Warrants"). Each Warrant will be exercisable for one common share at a price of $0.35 for a
---> period of 24 months.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in t
--->he United States of America. The securities referred to herein will not be or have not been registered under the Unite
--->d States Securities Act of 1933, as amended, and may not be offered or sold in the United States of America absent reg
--->istration or an applicable exemption from registration requirements.
About Alpha Esports Tech Inc.
Alpha Esports Tech Inc. is a technology company that focuses on emerging industries in esports, mobile gaming, ecommer
--->ce and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzAre
--->na, Alpha Esports Tech brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphatech.inc 
Contact:
Investor Relations: ir@alphatech.inc - 604 359 1256
Media and Public Relations: Sherry Ash - media@alphatech.inc - 917 674 8292

On Behalf of The Board of Directors
John Anastas
Chairman and Director
Forward Looking Statement
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to 
--->statements regarding the Company's business, products, and future of the Company's business. Although the Company beli
--->eves that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that
---> such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking info
--->rmation. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, perform
--->ance, and developments to differ materially from those contemplated by these statements depending on, among other thin
--->gs, the risks that the Company's products and plan will vary from those stated in this news release and the Company ma
--->y not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims 
--->any obligation and does not intend to update any forward-looking statements or forward-looking information in this new
--->s release. Although the Company believes that the expectations reflected in the forward-looking information are reason
--->able, there can be no assurance that such expectations will prove to be correct. The statements in this news release a
--->re made as of the date of this release.
The CSE has not reviewed, approved, or disapproved the content of this press release