Mr. Shafin Tejani reports

VICTORY SQUARE TECHNOLOGIES PROVIDES 2021- Q1 CORPORATE UPDATE

Victory Square Technologies Inc. has provided a corporate update for Q1 2021.

Victory Square reported record net income for the nine-month period ending Sept. 30, 2020, of $13,617,124 and earnings per share of 18 cents. The company maintained this pace in Q4 2020, closing out the year strong. Victory Square's 2020 year-end financials will be released on or before April 30, 2021, and its Q1 2021 financials will be released on or before May 31, 2021.

The positive momentum from 2020 has continued into Q1 2021 -- below are some recent highlights.

Victory Square is planning to invest up to $5-million to start commercializing ventures that have been incubating in stealth mode. The ventures are working on the following:

• Electric vehicle (EV) solutions, hardware and software;
• Renewable energy (solar);
• Plant-based comfort foods (patties, crumbles and meatballs);
• Digital assets management (focused on layer 2, decentralized finance (DeFi) and non-fungible token (NFT) applications);
• NFT for music;
• Telehealth service for pets;
• Telehealth services for mental health;
• Fractional trading platform.

Fansunite Entertainment Inc. (vertical -- sports betting, e-sports and gaming)

Fansunite is a global sports and entertainment company, focusing on technology related to regulated and lawful on-line gaming and related products.

Highlights:

• Completed an oversubscribed $13-million private placement;
• Applied for key United Kingdom gaming licence to operate across Britain;
• Received a gaming licence and gaming supply licence from the country of Malta, which enables the company to offer business-to-business (B2B) and business-to-consumer (B2C) gaming services throughout Europe.

GameOn (vertical -- mobile gaming and e-sports)

GameOn is a gaming company providing consumers, broadcasters, sportsbooks, venues and brand partners with interactive, social experiences around sports, television and live events. GameOn drove engagement and revenue through its suite of proprietary mobile and TV technologies, changing the way fans compete, watch and win through free and frictionless prediction games.

Highlights:

• Completed oversubscribed $5.8-million private placement;
• Announced significant additions to the board, advisory and management teams -- J. Moses (Take Two Interactive), Mike Vorhaus (Draft Kings and Roblox), Sean Hurley (Draft Kings) and Santiago Jaramillo (FIFA at EA Sports and NBA Top Shot at Dapper Labs);
• Public listing scheduled for March/April, 2021;

Immersive Tech (vertical -- virtual reality (VR)/augmented reality (AR)/mixed reality (MR))

Immersive Tech designs, programs, builds and installs immersive and engaging experiences for some of the world's leading companies. Through a blend of video game development, theme park engineering and the latest VR/AR/MR technologies, the company has amassed a portfolio working with many global brands, including Intel, Snickers, Bayer, Ardbeg, USFDA, Scotia Bank and Capital One, among others.

Highlights:

• Company announced launch of Uncontained, the next evolution in hyperimmersive VR attractions for launch in summer 2021;
• Immersive Tech's Uncontained project/attraction was featured in Forbes;
• Announced the hire of Steven Dooner; Mr. Dooner's remarkable record of career accomplishments showcases his most notable franchise endeavours, involving the expansion of distinguished entities including Chuck E. Cheese, ESPNZone, and a series of Disney launches with Club Disney, DisneyQuest and the expansion of Tokyo Disneyland;
• Public listing scheduled for Q2 of 2021.

Covalent (vertical -- financial technology (fintech) and crypto)

The data powering the De-Fi economy. Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks.

Highlights:

• Established partnerships with the world's largest developer hub, India's Lumos Labs; Casper Labs to unlock cohesive enterprise data solutions; Elrond to bring data accessibility to its budding digital economy;
• Partnered up with OpenDeFi to enhance the transparency of tokenized real-world assets;
• Launched one million wallets -- a celebration of Ethereum 2.0.

Cloud Nine Web3 Technologies (vertical -- Web 3.0 and educational technology (edtech))

Cloud Nine Web3 Technologies is an edtech company, with a mission to fuel innovation in the education sector. Cloud Nine's opportunities and partnerships are strategically positioned to capitalize on the dominance of emerging technologies and the growing need to learn faster and easier from experts in collaboration with key educators and influencers in the marketplace.

Highlights:

• Completed acquisition of virtual private network (VPN) platform;
• Launched new education technology platform designed to provide users with easy and simple guides to cybersecurity, wearable technologies, blockchain technology, cryptocurrencies and decentralized finance;
• Added entrepreneur Pavel Bains, chief executive officer of Bluzelle, as strategic adviser.

Hydreight (vertical -- digital health, pharmacy and diagnostics)

Founded in 2018, Hydreight provides a unique, custom-built, proprietary telemedicine service that allows users to book confidential health and wellness and/or medical services at their home, hotel, office or wherever they may need discreet assistance. The business model of Hydreight leverages decentralized health care to bring quality telehealth, medical, health and wellness services to the masses in an efficient, scalable and cost-effective way.

Highlights:

• The company is on track to project for $5-million in revenues in 2021;
• Hydreight's proprietary technology is Health Insurance Portability and Accountability Act (HIPPA) compliant;
• The company has a 503B pharmacy licence and is a United States certified e-script and telemedicine provider, allowing Hydreight to service all 50 states;
• In addition to providing telehealth services, other products include IV drip, botulinum toxin, COVID-19 testing, and other medical and medispa treatments;
• Expanding its offering to South America and Canada.

VS Health (vertical -- digital health, tele-pet and diagnostics)

VS Health is 360-degree health care offering smart, connected devices, at-home diagnostic tests, personalized digital guidance and monitoring, 24/7/365 access to health care professionals and prescription delivery.

Highlights:

• Teaming up with Hydreight to launch one-stop-shop virtual health care platform (telemedicine, virtual pharmacy and at-home point-of-care diagnostic testing) in Brazil;
• Launch of telehealth service for pets -- the first fully integrated on demand health and wellness service for domesticated animals and their owners;
• In just a six month period, VSH has seen a substantial valuation increase from $5-million value in February, 2020, to a $65-million valuation in September, 2020;
• VSH has signed distribution agreements with Health Canada-approved COVID-19 testing suppliers while it awaits approval for its products from Health Canada.

Copilot AI (vertical -- sales and marketing automation)

Copilot AI is a software-as-a-service (SaaS) company based in Vancouver, Canada. The company's mission is to fundamentally change the way people connect with businesses. Copilot AI is a British Columbia technology impact award finalist and is named by Canadian Business as the winner of the best pivot award and one of Canada's fastest-growing companies.

Highlights:

• The company is accelerating revenue growth, moving from a well-heeled start-up to a high-growth SaaS venture, scaling business activities and expansion;
• Further fuelling this acceleration is the continuing hiring of senior staff that have already participated in successfully driving existing technology companies into global dominance;
• Copilot AI's momentum has seen quarterly double-digit growth drive its product offerings into new sectors and industries with excellent early adoption and customer feedback.

Philanthropic contributions

Victory Square is dedicated to giving back to the communities in which it serves and operates. The company's mandate is to assist organizations through its time, talent and treasure. The company is committed to organizations that provide services in the youth, mental health, special needs, sport, tech, education, marginalized groups, first nations and accessibility sectors.

The company recently contributed $500,000 in donations to Variety The Children Charity of B.C., CKNW Kids Fund, Simon Fraser University Tech Camp, The B.C. Sports Hall of Fame & Museum, Covenant House Vancouver, YWCA, Coast Mental Health, The Cerebral Palsy Association of B.C., and the B.C. Children's Hospital Foundation. These gifts are in conjunction with Victory Square's giving back pledge made by its executive, staff and board.

About Victory Square Technologies Inc.

Victory Square builds, acquires and invests in promising start-ups, then provides the senior leadership and resources needed to fast-track growth.

VST's sweet spot is the cutting-edge tech that is shaping the fourth industrial revolution. Its portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.

We seek Safe Harbor.