Mr. Graham Simmonds reports

CHAMPION GAMING GRANTED MANAGEMENT CEASE TRADE ORDER

Further to the press release dated April 17, 2023, Champion Gaming Group Inc. has been granted a management cease trade order by the Ontario Securities Commission, pursuant to the company's application made under National Policy 12-203 (Management Cease Trade Orders). The MCTO as issued is in connection with the delay by the company in filing its annual audited consolidated financial statements and related management's discussion and analysis for the year ended Dec. 31, 2022, by the prescribed deadline of May 1, 2023. The issuance of the MCTO will not affect the ability of persons who have not been directors, officers or insiders of the company to trade in their securities.

Following the recent change of auditor within such close proximity to the year-end of the company, the company and the auditor require additional time to finalize their review of the financial information of the company and to gain reasonable comfort to complete and file the financial statements and MD&A.

The company anticipates that it will be in a position to prepare and file the financial statements and MD&A on or prior to June 30, 2023.

The company confirms that it will satisfy the provisions of the alternative information guidelines set out in NP 12-203. Furthermore, the company's directors and officers will remain subject to a trading blackout, pursuant to which such persons are prohibited from trading any securities of the company until the end of the second full trading day following on which the annual financial statements and related MD&A are filed on SEDAR, and a corresponding news release is issued by the company pursuant to National Instrument 51-102. The company confirms that there is no other material information relating to its affairs that has not been disclosed.

About Champion Gaming Group Inc.

Champion Gaming is a sports content, data and analytic company that provides predictive and prescriptive analytical models and win probability applications and statistics in the sports industry for teams, media, fans and bettors. The sports analytical and data solutions currently offered by Champion Gaming to its customers include: a fully customized probability engine; interactive sports matchup models; spread and over/under distributions; and sports statistics and historical data statistics.

We seek Safe Harbor.