File: '\\swfile\EmailIn\20240830 123638 Attachment 2024_08_30 Good Gamer NR - refiling of FS (FINL).docx'

Good Gamer Refiles 2023 Financial Statements

VANCOUVER, BRITISH COLUMBIA - (August 30, 2024) - Good Gamer Entertainment Inc. (TSXV: GOOD, OTCQB: GGAMF) (the "Company") announces that it has refiled its consolidated financial statements and corresponding management's discussion and analysis ("MD&A") for the year ended March 31, 2023. Due to significant doubts on the reliability of the financial statements audited by the Company's previous auditors, BF Borgers, CPA PC, the Company was required to have its financial statements for the year ended March 31, 2023, re-audited. As a result, the following adjustments were made for prior year comparative numbers as included in the filling issued as at August 30, 2024:

Certain accruals relating to general and administrative expenses were reversed.

The fair value of options issued were adjusted to reflect volatility calculation for similar companies within the industry.

Reclassification of line of credit balance from loans payable to accounts payable and accrued liabilities.

Pursuant to the re-audit of the financial statements of the Company for the year ended 2023, the following amounts have been restated compared to what was previously reported on SEDAR+:

Consolidated Statements of Loss and Comprehensive Loss

As previously reported

Adjustment

As restated

Revenues

$ 138,887

-

$ 138,887

COGS

58,444

-

58,444

Gross profit

80,443

-

80,443

EXPENSES

Software and development expenses

346,422

2,299

348,721

Operating expenses

269,113

(1)

269,112

General & Administrative expenses

1,178,336

127,071

1,305,407

Marketing expenses

95,460

-

95,460

Loss before other income (expenses)

$ (1,808,888)

(129,369)

$ (1,938,257)

Other income (expenses)

(35,652)

(8)

(35,660)

Net loss from continuing operations

$ (1,844,540)

(129,377)

$ (1,973,917)

Foreign exchange translation gain

7,836

-

7,836

Comprehensive loss

$ (1,836,704)

(129,377)

$ (1,966,081)

Consolidated Statements of Financial Position

As previously reported

Adjustment

As restated

Current assets

$ 597,211

$ -

$ 597,211

Non-Current assets

-

-

-

Total assets

$ 597,211

$ -

$ 597,211

Current Liabilities

$ 570,403

$ (1,304)

$ 569,099

Share capital

20,746,918

-

20,746,918

Share-based payment reserve

2,278,269

130,681

2,408,950

Accumulated other comprehensive

income (loss)

4,951

-

4,951

Deficit

(23,001,584)

(129,377)

(23,130,961)

Non-controlling interest

(1,746)

-

(1,746)

Total liabilities and shareholders'

equity (deficit)

$ 597,211

$ -

$ 597,211

Consolidated Statements of Cash Flows

As previously reported

Adjustment

As restated

Net cash used in operating activities

$ (1,105,305)

$ 20,428

$ (1,084,877)

Net cash provided by (used in) financing activities

13,428

(18,428)

(5,000)

The refiled financial statements and MD&A are available for viewing under the Company's profile on the SEDAR+ website at www.sedarplus.ca.

About Good Gamer Entertainment Inc.

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

For further information, please contact:

Nicole Payawal

Corporate Development

Email: info@goodgamer.gg

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Resulting Issuer undertakes no obligation to publicly update or revise forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.