Carlyle Entertainment Announces Appointment of Joseph T. Malafonte to Carlyle Entertainment Board of Directors, Relocation and Listing Application with OTC Markets Group, Inc.

Charleston, South Carolina--(Newsfile Corp. - April 28, 2017) - Carlyle Entertainment Ltd. (CSE: OLG) ("Carlyle" or the "Company") is pleased to announce the appointment of Mr. Joseph T. Malafonte, currently President and Chief Executive Officer of JDM Services. JDM services is an industry leader in the merchant bankcard processing industry.

"Mr. Malafonte's credentials and experience align perfectly with the direction and growth of the Company" said Sandy J, Masselli, Jr, Carlyle Entertainment's Chairman and Chief Executive Officer. Mr. Malafonte has over 25 years' experience in the financial services industry, as a partner at Sanford Bernstein LP heading up the firm's Equity Sales and Trading. Prior to becoming a partner at Sanford Bernstein Mr. Malafonte was Director of Sales and Trading at Credit Suisse.

Carlyle Entertainment further announces, that the Company completed the relocation of its Executive Office to 170 Meeting Street Charleston, SC 29401 USA. The relocation has been successful and we expect hiring four new employees in the Charleston office. The Company filed a listing application with OTC Markets Group, Inc. in New York, NY USA. on March 2, 2017. We received approval for listing from OTC Markets Group, Inc. in New York and now we are awaiting a new trading symbol from the Financial Industry Regulatory Authority, Inc.(FINRA), subject to regulatory approval with FINRA.

About Carlyle:

Carlyle owns and maintains legal and licensed interactive software-based games of chance, focused on fully commercializing its online casino and sports book to become the premier interactive gaming and entertainment provider for regulated markets. Through its development of the Global Multi-Player Software Platform, which was coded specifically for use in the online casino and sports book markets, Carlyle has developed a unique platform that allows the Company to offer a diverse array of online casino games as well as robust card games that are easy-to-use and quick-to-play.

ON BEHALF OF THE BOARD

Sandy J Masselli Jr.,
Chief Executive Officer

Contact information:
m@carlylegaming.com
843-574-8977

CAUTION REGARDING FORWARD LOOKING INFORMATION: All statements contained in this news release, except for statements of historical fact, that address activities, events or developments the Company expects or anticipates will or may occur in the future is considered "forward looking information" within the meaning of applicable securities laws. These statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward looking statements in this news release (express or implied) include, but are not limited to, anticipated business and financial growth of the Company, and expectations regarding the use and validity of the Company's products for future applications. There can be no assurance that such forward looking statements will prove to be accurate, as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.