Mr. Scott Burton reports

FANSUNITE ENTERTAINMENT CLOSES $24,792,390 PUBLIC OFFERING OF UNITS, INCLUDING A PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION, CO-LED BY STIFEL GMP AND GRAVITAS SECURITIES

Fansunite Entertainment Inc. has closed its previously announced public offering pursuant to which the company issued 27,547,100 units of the company at a price of 90 cents per unit for gross proceeds of $24,792,390, including a partial exercise of the overallotment option, pursuant to an agency agreement between the company, Stifel Nicolaus Canada Inc. (Stifel GMP) and Gravitas Securities Inc., entered into on July 8, 2021.

Each unit comprises one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of $1.30 per warrant share, subject to adjustment in certain circumstances, for a period of 36 months following the closing of the offering.

"We are pleased to see continued demand from new and existing investors that believe in our vision of becoming a global gaming company," said Scott Burton, chief executive officer of Fansunite. "With this additional growth capital, we are in the best financial position to date as a company. Since going public in May, 2020, we have remained committed in growing our three lines of business while expanding our international footprint to showcase our gaming assets to a growing base of customers. As more jurisdictions around the globe focus on legalizing all forms of betting, we are in a favourable position to have a treasury that can accelerate our expansion plans while being a leader in the international regulated gaming market."

The units were sold on a commercially reasonable efforts basis through the co-lead agents in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, and such other jurisdictions outside Canada as agreed to between the company and the agents.

The company's (final) short form prospectus for the offering dated July 8, 2021, was filed with the securities commissions in each of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, and a receipt in respect of the prospectus was issued on July 9, 2021. The prospectus incorporates by reference important information about the securities that were offered, and copies of the agency agreement and prospectus are available on the company's profile at SEDAR, or by request to Stifel GMP at syndprospectus@stifel.com or to Gravitas Securities at syndication@gravitassecurities.com.

Please refer to the prospectus for a summary of the compensation securities paid or issued to the co-lead agents.

The use of proceeds from the offering is set out in the prospectus and includes: potential future acquisitions; developing additional innovative games under the Askott Games brand; certifying the Chameleon software platform for use in the United Kingdom, as well as expanding the company's footprint in the United States; launching and marketing of a new business-to-consumer brand; and entering into new partnerships and increasing brand awareness.

About Fansunite Entertainment Inc.

Fansunite is a global sports and entertainment company, focusing on technology related to regulated and lawful on-line gaming and other related products. Fansunite has produced a one-of-a-kind complete i-gaming platform, with a sports and e-sports focus geared for the next generation of on-line bettors and casino players. The platform includes products for prematch betting, in-play betting, daily fantasy, content and a certified RNG to produce casino-style chance games. The platform operates multiple B2C (business-to-consumers) brands and B2B (business-to-business) software for the on-line gambling industry. Fansunite also looks to acquire technology platforms and assets with high-growth potential in new or developing markets.

We seek Safe Harbor.