Mr. Konrad Wasiela reports

ESE COMPLETES SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF UNITS

ESE Entertainment Inc. has closed the second tranche of its previously announced non-brokered private placement financing of units of the company at a price of 40 cents per unit for gross proceeds of $949,064.

Pursuant to the Second Tranche Closing, the Company issued an aggregate of 2,372,662 Units. Each Unit is composed of one (1) common share in the capital of the Company (a "Common Share") and one-half of one (1/2) Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one (1) additional Common Share (a "Warrant Share") at a price of $0.70 per Warrant Share for a period of 36 months from issuance.

In connection with the Second Tranche Closing, the Company paid certain finders (the "Finders") cash finders' fees in aggregate of $59,616 and issued a total of 149,041 finder warrants (the "Finder Warrants") to the Finders. Each Finder Warrant is exercisable into one (1) Common Share at the Issue Price for a period of 36 months from issuance.

The Company intends to use the proceeds raised from the Second Tranche Closing for business development and general corporate purposes. The Second Tranche Closing was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the securities issued through the Second Tranche Closing were not subject to a hold period in accordance with applicable Canadian securities laws.

About ESE Entertainment Inc.

ESE is a global technology company focused on gaming and esports. The Company provides a range of services to leading video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. ESE also operates its own ecommerce channels, esports teams, and gaming leagues. In addition to the Company's organic growth opportunities, the Company is considering selective acquisitions that align with its objective of becoming a dominant global player in esports technology and infrastructure.

We seek Safe Harbor.