Shoal Games Licenses Rooplay and Provides Corporate Update

ANGUILLA, B.W.I., September 9, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), a mobile game live in the Apple, Google and Amazon App Stores, and Garfield’s Bingo, currently in production and scheduled for a Q4 2016 release, today announced it is entering into a licensing arrangement with Rooplay Inc. to commercialize its innovative cloud-based gaming platform and consumer brand Rooplay. Initially developed in London, UK, the technology platform will be advanced by Shoal Games to prepare a unique product for launch in 2017. According to TechNavio cloud gaming will experience a CAGR (Compound Annual Growth Rate) of 29.33% during the period 2016-2020. Shoal Games will release more information on the development of its cloud gaming initiative in the coming months.

As part of the terms of the agreement, the co-founders of Rooplay, John Streit and Amir Shadmand, will assume advisory roles in Shoal Games to assist in the advancement of the technology and the launch of the product. John Streit has over 17 years of technology leadership, strategy, project management, technical architecture and digital production expertise. Until recently, John was the CTO OgilvyOne worldwide, London where he led local and dispersed teams of more than 100 members in the development and delivery of software applications to large commercial organisations. Amir Shadmand holds a PhD degree in mobile telecommunications from the King’s College London where he received a number of awards and grants in his research. Amir is an expert in mobile cloud gaming technologies and is the co-founder and CEO of SUPENTA, the makers of Flitchio which is the world’s first smartphone case with a built in game controller.

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Shoal Games Ltd. Announces Rights Offering

ANGUILLA, B.W.I., June 30, 2016 / Shoal Games Ltd. (TSX-V : SGW) (OTCQB : SGLDF) http://www.shoalgames.com (“the Company”), announces that it will be offering rights (the “Offering”) to holders of its common shares (the “Common Shares”) of record at the close of business on July 5, 2016 (the “Record Date”) expiring October 11, 2016 (“Expiry Date”). The Offering will be made to all Company shareholders resident in Canada (the “Qualified Jurisdiction”). The Offering notice and circular have been accepted for filing by the TSX Venture Exchange.

Shareholders of record on the Record Date will receive one right (a “Right”) for each Common Share held. Ten Rights plus the sum of $0.60 (the “Subscription Price”) will entitle the holder to subscribe for one Common Share (a “Rights Share”). The Subscription Price will escalate during the term of the Offering. Holders of Rights who subscribe for Rights Shares on or after August 16, 2016 will be required to pay a Subscription Price of $0.65 per Rights Share. Holders of Rights who subscribe for Rights Shares on or after September 16, 2016 and prior to the Expiry Time will be required to pay a Subscription Price of $0.70 per Rights Share. Rights will be evidenced by transferable rights certificates (each, a “Rights Certificate”). The Rights expire at 4:00 p.m. (EST) (the “Expiry Time”) on the Expiry Date, October 11, 2016, after which time unexercised Rights will be void and of no value. Shareholders who fully exercise their Rights are entitled to subscribe pro rata for additional Common Shares, if available, that were not subscribed for initially on or before the Expiry Time. The maximum number of common shares issuable pursuant to the Offering will be 5,953,564. The completion of the Offering is not subject to the Company receiving any minimum amount of subscriptions. There is no standby commitment for the purchase of Rights Shares that are available to be purchased, but are not subscribed for, at the Expiry Time of the Offering.

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Shoal Games Ltd. Announces Second Quarter Results

ANGUILLA, B.W.I., August 15, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), a mobile game live in the Apple, Google and Amazon App Stores, and Garfield’s Bingo, currently in production and scheduled for a Q4 2016 release, today announced its unaudited financial results for the second quarter ended June 30, 2016.  All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.

Recent Shoal Games Ltd. highlights include:

• During the quarter ended June 30, 2016, the Company closed two private placements for 3,337,934 common shares at $0.60 per share which raised proceeds of CAD$2,002,760.
• Total Net Revenue for the quarter ended June 30, 2016, was $77,821.
• Sales and marketing expenses were $166,758 for the quarter ended June 30, 2016. a decrease of 17% from sales and marketing expenses of $201,587 in the first quarter of 2016.
• The Company licensed the brand rights to produce Garfield’s Bingo, the first ever bingo game to feature Garfield.
• The Company reduced marketing expenditures for Trophy Bingo as it repositions its focus to Garfield’s Bingo targeting North American, South American, and Asian markets.

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