Mr. Mark Elfenbein reports

X1 ANNOUNCES STOCK OPTION GRANTS

X1 Entertainment Group Inc. has granted an aggregate of 250,000 stock options to consultants of the company to purchase 250,000 common shares in the capital of the company pursuant to the company's share option plan. The options are exercisable at an exercise price of 45 cents per share for a period of five years from the date of grant. The options are subject to vesting periods over the course of the term of the options.

About X1 Entertainment Group Inc.

X1 Entertainment is a gaming and entertainment company that helps connect brands with Generation Z and millennial audiences all over the world through a diverse portfolio of assets which includes an e-sports team, a talent management agency and other integrated media assets. The company's assets are in three main verticals: media and network, creator economy, and gaming and e-sports. X1 Entertainment Group is continuing to build upon its existing portfolio of assets through a combination of organic growth and accretive mergers and acquisitions.