Real Luck Group Files 2022 Results

Calgary, Alberta and Isle of Man, Isle of Man--(Newsfile Corp. - April 28, 2023) - Real Luck Group Ltd. (TSXV: LUCK) (OTCQB: LUKEF) ("Real Luck Group" or the "Company") and its subsidiary companies doing business as "Luckbox" (the "Group"), an award-winning provider of licensed esports betting, sports betting and casino games, has filed financial results for the full year ending December 31, 2022 (" 2022") on SEDAR. Unless otherwise stated, all dollar amounts are expressed in Canadian dollars.

Management Commentary

Real Luck Group CEO Thomas Rosander said: "In 2022, we created the infrastructure and systems that enabled us to grow our player base and Global Gaming Handle in 2023. Our March 2023 KPIs illustrate the speed at which Real Luck Group has grown since these foundations were laid. In March 2023, Real Luck Group generated approximately $5.0 million in Global Gaming Handle, significantly exceeding the ~$3 million of Handle generated during all of 2022. This growth was driven by the company's expanding player base, which at the end of March, was up nearly 13-fold to ~ 387,000 versus the end of 2022.

Looking ahead to 2023, we believe we are on track to continuing to scale our B2C business. At the same time, we are eager to highlight progress we make on our new B2B business later this year, as we advance this new and disruptive platform to commercial launch with globally renowned B2C operators."

2022 Operational Highlights

• Ended 2022 with player registrations of 137,000 all driven from a negligible base at the end of 2021. 85% of this player base was driven from Q4 2022.
• Generated Global Betting Handle of over $3.2 million during the year, with the vast majority of Global Betting Handle generated in Q4 2022.
• Total 2022 revenue was $159,992, up from $25,174 in 2021.
• Cash at the end of 2022 stood at $6,069,971 versus $14,398,356 at the end of 2021.
• As of December 31, 2022, the Company had a total of 68,900,548 issued and outstanding common shares.

Subsequent events to Fiscal 2022

• In March 2023, the Company once again generated a new record in Global Betting Handle of approximately $5,000,000 up from February's record $2,800,000.
• At the end of March 2023, the Company's registered player base stood at 387,000.
• The Company went through a complete rebuild in 2022 that not only enabled the relaunch and rapid scaling of a B2C platform, but also enabled the development of an innovative micro betting product set to launch in 2023.

About Luckbox

The Company is an award-winning betting company that offers legal, real-money betting, live streams, and statistics on all major esports and sports on desktop and mobile devices. The Company has a Business-to-Consumer (B2C) platform, and by leveraging shared technology, data, and resources, the Company can offer an extensive range of betting options for esports tournaments. The Company's in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows the Company to deliver deep esports betting coverage. The Company has been built by a team combining experience in the igaming industry and a passion for esports to offer players a unique, broad, engaging, and legal CS:GO betting, Dota 2 and League of Legends betting experience. The Company serves esports fans in more than 80 territories across the globe. In November 2020, Luckbox was named Rising Star at the EGR Operator Awards. The Company (via the Group) holds a full license under the Online Gambling Regulation Act (OGRA), issued by the Isle of Man Gaming Supervision Commission. As the Group is fully licensed in the Isle of Man for B2C and B2B esports & sports betting and casino, the Company has access to favorable payment processors. Luckbox is committed to supporting responsible gambling.

For further information, please contact:

Real Luck Group Ltd.
Thomas Rosander, Chief Executive Officer
Email: investment@luckbox.com
Phone: (647) 670 2882

Investor Relations
Nikhil Thadani, Sophic Capital
Email: nik@sophiccapital.com
Phone: (647) 670-2882
Follow Luckbox on Twitter / Facebook / LinkedIn

CAUTION WITH RESPECT TO FORWARD-LOOKING STATEMENTS

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and other similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

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