Home Correction letter TIIDAL GAMING QUESTIONS LETTER TO SHAREHOLDERS

TIIDAL GAMING QUESTIONS LETTER TO SHAREHOLDERS

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TorontoTiidal Gaming Group Corp. (CSE: TIDL) (OTCQB: TIIDF) (‘Tiidal Game‘ or the ‘Company’), a leading esports and gaming platform company, is pleased to provide the following letter to shareholders of Tiidal game CEO Tom Hearn.

Dear Tiidal shareholders

As we leave the summer and our 3rd quarter, I wanted to give you an update on the progress we have made over the year and the incredible potential we have for the future.

As you all know, the last 12 to 18 months have been challenging in the macroeconomic environment, with global economic uncertainty remaining a key issue. We saw a correction in the technology sector and a lack of funding activity in the North American public markets.

Despite these turbulent times, Tiidal Gaming Group insiders, (collectively holding more than 50% of the company’s share capital), have continued to invest in the company by participating in the current $0.10 unit financing and active purchase of shares on the open market. I invested about $200,000 since joining the company earlier this year.

We are fortunate to have a core group that strongly believes in what we do and in the substantial opportunity this market offers over the next few years. Skill-based betting, in-play betting and esports generally represent a blue sky opportunity and their digital nature makes them a truly unique market. We are still on the ground floor of what is an amazing company with our cutting edge technology.

I joined Sportsflare (our soon to be renamed company) because of their amazing team. The founders have a strong passion for betting and technology, combined with expertise in sports betting and interactive entertainment that is second to none. The longer I have worked with them, the more impressed I have been with their work and the products we deliver.

Based on a deep understanding of artificial intelligence and esports, they were able to create cutting-edge technology capable of in-game predictions, providing a unique offering that competitors are unable to offer. . The result is ‘Flash Markets’, a betting product that is the first of its kind for esports.

Flash Markets allow a player/bettor to watch a live League of Legends or Dota 2 card (and soon a CS:GO or Fifa match board), see player positions and have the ability to make a selection of bets on which player or team will get the next kill or which tower will fall next. This product is currently in the test cycle with four major esports brands, and we are receiving positive feedback. This innovative product will revolutionize sports betting and create a whole new addressable market segment that remains untapped.

Last week at the SBC Summit Barcelona event, we had the chance to showcase this product to the best direct-to-consumer betting sites in the world as well as the best business-to-business providers in the industry. Everyone was excited to get a direct preview of the product and wanted to know when and how to get access to it. Our goal, from this show, is to distribute the product through these two channels, allowing us to highlight our product to the best and leading sports betting sites in the world. Our goal will be to foster relationships with the prospects we have met and turn them into customers in the near future.

You can expect more Flash Markets product announcements in the fall of 2022.

It’s what we’ve been waiting for – the opportunity to grow the business after making sure we have the product set we need to be successful and complementing it with high level professional risk and trading, which was sorely lacking in the esports industry. Part of that was accessing live data. On July 22, 2022we signed an agreement with Bayes Esports and had access to live data for Riot and ESL League Games. This is the only way to successfully develop a robust live betting product. Our competitors harvest data from other websites in an attempt to achieve this, which we believe will not lead to any success as it is an inferior method.

Our deal with Bayes was twofold. Not only did we get access to the best data available, but we also got a new client. At SBC, Bayes announced that it is launching Bodex, the esports betting platform that will be the new esports home base for Betradar customers. We are part of Bodex’s pre-match and live odds offering. This is the beginning of growing our revenue base and demonstrating the capabilities of our products at the highest level.

Stay tuned for future updates. We look forward to sharing more exciting news over the fall. As always, I’m available to answer your questions and share our story.

Best regards

Tom Hearn

Sportsflare CEO

In addition, the Company granted certain Sportsflare employees and a director options to acquire a combined total of 1.6 million common shares at an exercise price of CA$0.10 per share. The options vest over a period of 24 months.

About Tiidal game

Tiidal game is a leading media and technology platform enabling next-generation engagement in esports and gaming. We are positioned at the intersection of gaming, media and betting and enable our partners to create positive, engaging and immersive experiences for fans and consumers through our cutting-edge multimedia and technology offerings. With deep roots and expertise in the industry, Tiidal is focused on the next generation of fans and consumers and building the future of game-based entertainment.

Contact:

Tom Hearn

Tel: 416-560-0528

Email: [email protected]

Forward-looking information

This press release contains certain forward-looking statements that reflect the Company’s management’s current beliefs and/or expectations regarding future performance, business and events. Forward-looking statements are based on then-current expectations, beliefs, assumptions, estimates and forecasts about the business, industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Company undertakes no obligation to publicly release revisions to update voluntary forward-looking statements, except as required by applicable securities law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of United States. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “WE Securities Act’) or any state securities law and may not be offered or sold in United States or for WE Persons, unless registered under the WE Securities Act and applicable state securities laws or an exemption from such registration is available. Do not distribute to WE news wire services or for distribution in United States. Failure to comply with this restriction may constitute a violation of WE securities laws.