Mr. Shafin Diamond Tejani reports

VICTORY SQUARE'S GAMEON DRIVES RECORD $1.85M IN REVENUE, REPORTS PROFITABLE Q1

Victory Square Technologies Inc.'s portfolio company GameOn has filed its interim unaudited financial statements for the first quarter of 2024.

Highlights of the financial statements include record revenue reaching $1.85-million for the quarter (292-per-cent increase year-on-year) and net income reaching a profitable $680,000 (compared with a net loss of $390,000 in the same period in 2023).

"Q1 delivered a profitable quarter and watershed moment for the company," said GameOn chief executive officer, Matt Bailey. "Despite the backdrop of a challenging economic and micro-cap landscape, we continue to drive fundamentals to new heights. Our growth is fuelled by our cemented position as a leader in next-gen sports gaming, and our partnerships with the best leagues in the world."

Q1 business highlights and subsequent events include:

• Partnered with Sportsology to receive 59 million $GAME tokens via a grant agreement;

• Launched the GameOn beta mobile app on the Apple App Store and Google Play; and

• Reported record numbers in 2023's audited financial statements.

"Ongoing momentum will be catalyzed by new league partnerships, $GAME's recent launch on major exchanges, and GameOn's launch on the Apple App Store and Google Play," said Mr. Bailey. "Management remains patient, diligent, and uncompromisingly focused on driving the bottom line and delivering value for shareholders."

See SEDAR+ for full copies of the company's consolidated financial statements and management's discussion and analysis.

About GameOn

Founded in 2018, GameOn is a mobile-first, next-gen sports gaming company, integrating Web3 technology to enhance player engagement and asset ownership. Through partnerships with premier sports leagues such as LALIGA, PFL and Karate Combat, and leveraging blockchain solutions from Arbitrum, GameOn is delivering a rich, interactive fantasy sports gaming experience. The $GAME token, crafted in partnership with Sportsology, allows fans globally to compete, engage and win rewards based on actual sports results. GameOn is setting new standards in the evolution of fantasy gaming, offering unprecedented ways for fans to connect with the sports they love.

About Victory Square Technologies Inc.

Victory Square is a venture builder that provides investors a liquid way to invest in early-stage technology companies without buying a venture fund that requires accredited investor status or multiyear commitments.

Victory Square is a publicly traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).

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