File: '\\swfile\EmailIn\20240315 130722 Attachment ESE - Default Status Report (March 15, 2024).docx'

1406-4298-6762, v. 1

ESE ENTERTAINMENT PROVIDES BI-WEEKLY STATUS REPORT

VANCOUVER, British Columbia, March 15, 2024 - ESE Entertainment Inc. (TSXV: ESE) (OTCQX: ENTEF) ("ESE") or the "Company") is providing this bi-weekly default status report (the "Status Report") in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On March 1, 2024, the Company announced (the "Default Announcement") that, for reasons disclosed in the Default Announcement, the filing of the Company's audited financial statements for the year ended October 31, 2023, and the related management's discussion and analysis and Chief Executive Officer and Chief Financial Officer certificates for this period (collectively, the "Annual Filings") were not completed by the prescribed deadline of February 28, 2024.

As a result of this delay in filing the Annual Filings, the Company's principal regulator, the British Columbia Securities Commission, granted a temporary management cease trade order (the "MCTO") 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 fulfil 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 bi-weekly default status repots in the form of press releases, which will also be filed on SEDAR+ at www.sedarplus.ca.

ESE Entertainment Inc.

Konrad Wasiela

Chief 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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that ESE anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, statements with respect to the Company's compliance with the alternative information guidelines set out in sections 9 and 10 of NP 12-203, and the completion of the Required Filings and the timing thereof. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of ESE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to ESE, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of ESE should be considered highly speculative.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE ESE Entertainment Inc.

For further information about ESE, please contact:

investors@esegaming.com