Mr. Graham Simmonds reports

CHAMPION GAMING PROVIDES DEFAULT STATUS UPDATE

Champion Gaming Group Inc., is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure Defaults. This disclosure is further to the company's press releases dated April 17, 2023, May 2, 2023, May 16, 2023, and May 30, 2023.

On May 2, 2023, the company announced a delay in filing its annual consolidated financial statements and management discussion and analysis for the year ended Dec. 31, 2022, together with the related certification of filings under National Instrument 52-109 -- Certification of Disclosure in Issuers' Annual and Interim Filings by the prescribed deadline of May 1, 2023.

Except as discussed below, there have been no material changes to the information contained in the default announcement or any other changes required to be disclosed under NP 12-203.

The company anticipates that the continuous disclosure documents will be filed prior to June 30, 2023. The company will continue to provide biweekly updates, as contemplated by NP 12-203, until the continuous disclosure documents have been filed. In the event that the company does not file the continuous disclosure documents by June 30, 2023, the Canadian Securities Regulatory Authorities may impose an issuer cease trade order on the outstanding securities of the company. The company intends to satisfy the provisions of the alternative information guidelines during the period it remains in default of the filing requirements.

About Champion Gaming Inc.

Champion Gaming is a sports content, data and analytics 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 to its customers include: a fully customized probability engine; interactive sports match-up models; spread and over/under distributions; and sports statistics and historical data statistics.

We seek Safe Harbor.