Golden Matrix Group Issues Update on the Company's State-of-the-Art Online Gaming Technology

LAS VEGAS, NV, April 30, 2018 -- Golden Matrix Group Inc. (OTCPK: GMGI) today announced that its state-of-the-art online gaming technology has been successfully deployed in the months of March and April to customers of gaming operators based primarily in Asia.

As previously reported, Golden Matrix entered into an Asset Purchase Agreement on February 28, 2018 to acquire the gaming technology - along with certain intellectual property and know-how - from Luxor Capital LLC; and on March 1, 2018, the company entered into a definitive license and distribution agreement with Articulate Pty Ltd. to monetize the deployment of the acquired technology. Both Luxor and Articulate are affiliates of GMGI’s chief executive officer, Mr. Anthony Goodman.

Articulate, based in Sydney, Australia, is a gaming service company offering third party online gaming content together with customer retention, support and marketing services. Articulate has a customer base with extensive distribution primarily in the Asia Pacific(APAC) region. In exchange for the license to utilize GMGI’s technology and online gaming platform, Articulate pays fees to Golden Matrix calculated as a percentage of the monthly usage by its many clients. Articulate plans to utilize GMGI’s technology to help grow its existing business and gain access to additional markets outside of APAC.

“These recent events have created an exceptional opportunity for Golden Matrix,” said CEO Anthony Goodman. “We expect our relationship with Articulate to not only produce a meaningful and monthly recurring revenue stream, but also position GMGI as an important technology and content provider to the rapidly growing online social gaming market.”

About Golden Matrix Group Inc.

Golden Matrix Group, based in Las Vegas, NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company's platform can be accessed through both desktop and mobile applications.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.

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Golden Matrix Group
Franco Sun
[email protected]
www.goldenmatrix.com