File: '\\swfile\EmailIn\20260716 170008 Attachment 2026-07-16 - GOOD - NR_Closing T1.docx'

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

GOOD GAMER ANNOUNCES CORRECTION TO NEWS RELEASE REGARDING CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA -- (July 16, 2026) -- Good Gamer Entertainment Inc. (TSXV: GOOD, OTC: GGAMF) (the "Company") is issuing this news release to correct its news release dated June 30, 2026 (the "Prior News Release") with respect to the closing of its previously announced non-brokered private placement (the "Offering"), as described in its news release dated May 29, 2026. The Prior News Release incorrectly stated that the Company had closed the Offering in full. The Offering will instead close in one or more tranches, and the Company has closed the first tranche of the Offering (the "First Tranche"). All other information contained in the Prior News Release remains unchanged.

Pursuant to the First Tranche, the Company issued an aggregate of 1,667,334 units of the Company (the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of $100,040.04.

The Offering remains fully subscribed for aggregate gross proceeds of $200,040.06, and the size of the Offering has not been reduced. The Company elected to close the Offering in tranches in order to complete the First Tranche with those subscribers in respect of which all Exchange requirements had been satisfied. The balance of the Offering is expected to close in a subsequent tranche upon completion of the TSX Venture Exchange's review of the Personal Information Forms submitted on behalf of certain subscribers who will hold 10% or more of the issued and outstanding Common Shares upon closing of their subscriptions. Subscription agreements in respect of the remaining tranche have been executed and subscription funds have been received by the Company, and the closing of the remaining tranche remains subject to the acceptance of the TSX Venture Exchange.

The Company views the participation of these subscribers, who will become significant shareholders of the Company upon closing, as a reflection of their confidence in the Company's business and long-term prospects.

Each Unit consists of one common share in the capital of the Company (a "Common Share") and one transferable common share purchase warrant (a "Warrant"). Each Warrant entitles its holder to purchase one Common Share (a "Warrant Share") at a price of $0.08 per Warrant Share for a period of 24 months from the closing date of the applicable tranche of the Offering (the "Closing Date").

The Company expects to complete the remaining tranche(s) of the Offering in due course. There can be no assurance that any subsequent tranche of the Offering will be completed or completed on the terms described in this news release. The Company will issue a further news release upon the closing of any subsequent tranche.

The gross proceeds from the Offering will be used by the Company for general working capital.

In connection with the First Tranche, the Company paid a finder's fee to one arm's length finder consisting of $800 in cash and 53,333 finder's warrants (the "Finder's Warrants"). Each Finder's Warrant is exercisable to acquire one Common Share at a price of $0.08 per share for a period of 24 months from the Closing Date, on the same terms as the Warrants. The finder's fee remains subject to the acceptance of the TSX Venture Exchange.

All securities issued in connection with the First Tranche, including the Finder's Warrants, are subject to a statutory hold period of four months and one day from the Closing Date, expiring on October 31, 2026, in accordance with applicable securities laws. The Offering remains subject to receipt of final approval from the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States ("U.S."). The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the U.S. or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Good Gamer Entertainment Inc.

Good Gamer Entertainment Inc. (TSXV: GOOD, OTC: GGAMF) is a forward-thinking technology company dedicated to innovating and utilizing AI in technology. With a focus on developing cutting-edge solutions, Good Gamer is committed to enhancing how businesses engage with their audiences and data.

For further information, please contact:

Nicole Payawal

Corporate Development

Email: info@goodgamer.gg

1-(888) 337-5889

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release, including statements regarding the anticipated use of proceeds from the Offering, the completion of any subsequent tranche of the Offering, and the receipt of final acceptance of the Offering by the TSX Venture Exchange. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to general business, economic, competitive, political and social uncertainties; the failure to complete any subsequent tranche of the Offering; and the delay or failure to receive applicable regulatory approvals, including final acceptance of the Offering by the TSX Venture Exchange. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

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