Mr. Konrad Wasiela reports

ESE ANNOUNCES NORMAL COURSE ISSUER BID

The TSX Venture Exchange has accepted ESE Entertainment Inc.'s notice to implement a normal course issuer bid (NCIB) to purchase, for cancellation, up to four million of its common shares, representing approximately 4.9 per cent of the company's 81,052,663 current issued and outstanding common shares and approximately 6.9 per cent of the 57,980,125 common shares currently comprising the company's public float.

The Company has received approval from the Exchange to commence the NCIB on January 12, 2024 and continue it until October 31, 2024, or earlier in the event that the Company has acquired the maximum number of Shares that may be purchased under the NCIB. The Company may also terminate the NCIB earlier if it feels it is appropriate to do so.

The NCIB will be made through the facilities of the Exchange and the purchase and payment for the Shares will be made in accordance with the Exchange requirements at the market price of the Shares at the time of acquisition. All Shares purchased by the Corporation under the NCIB will be cancelled.

The Company has engaged Research Capital Corporation to act as its agent to conduct the NCIB transactions. The Company's management believes that the Shares have been trading in a price range which does not adequately reflect their value and that the purchase of the Shares under the NCIB is in the best interests of the Company, a desirable use of its available cash, and will enhance shareholder value in general. To the knowledge of the Company, no director, senior officer or other insider of the Company currently intends to sell any shares under the NCIB.

ESE Entertainment Inc.

Konrad WasielaChief Executive Officer and Director+1 (437) 826-4012

About ESE Entertainment Inc.

ESE is a global technology company focused on gaming. 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. www.esegaming.com

We seek Safe Harbor.