Mr. Konrad Wasiela reports

ESE ENTERTAINMENT PROVIDES BI-WEEKLY STATUS REPORT

ESE Entertainment Inc. is providing this biweekly default status report in accordance with National Policy 12-203 (Cease Trade Orders for Continuous Disclosure Defaults). On March 1, 2024, the company announced that, for reasons disclosed in the default announcement, the filing of the company's audited financial statements for the year ended Oct. 31, 2023, and the related management's discussion and analysis and chief executive officer and chief financial officer certificates for this period, was not completed by the prescribed deadline of Feb. 28, 2024.

As a result of this delay in filing the annual filings, the company's principal regulator, the B.C. Securities Commission, granted a temporary management cease trade order to the company. The MCTO prohibits all trading by the chief executive officer and the chief financial officer of the company, and such other directors, officers and persons as determined by the applicable regulatory authorities, in securities of the company until the MCTO is revoked.

Pursuant to the provisions of the alternative information guidelines specified by NP 12-203, the company reports that since the default announcement, there have not been any changes to the information contained therein that would reasonably be expected to be material to an investor, nor any failure by the company to fulfill its intentions as stated therein with respect to satisfying the provisions of the alternative information guidelines, and there are no additional defaults or anticipated defaults subsequent to the disclosure therein, other than the delay in filing the annual filings. The company still anticipates that it will be in a position to file the annual filings on or before March 31, 2024.

Further, there is no additional material information respecting the company and its affairs that have not been generally disclosed, and there are no insolvency proceedings against the company as of the date of this status report. Until the annual filings have been filed, the company intends to continue to satisfy the provision of the alternative information guidelines specified by NP 12-203 by issuing biweekly default status reports in the form of press releases, which will also be filed on SEDAR+.

About ESE Entertainment Inc.

ESE Entertainment 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 Entertainment also operates its own e-commerce channels, e-sports teams and gaming leagues.

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