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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Shoal Games Ltd. Successfully Completes $2,000,000 Private Placement

ANGUILLA, B.W.I., June 9th, 2016 / Shoal Games Ltd. (TSX-V “SGW”) (OTCQB: “SGLDF”) http://www.shoalgames.com (“the Company”), announces that it has successfully closed the second stage of its previously announced CAD$2 million private placement (the “Offering”). The Company made a non-brokered distribution of 1,833,334 Common shares at $0.60 per share which raised proceeds of $1,100,000. The exempt market Offering was completed in the province of British Columbia. On May 5^th, 2016 the Company announced completion of the first stage of the Offering which raised proceeds of CAD$902,760 through the issuance of 1,504,600 common shares at CAD$0.60 per share. All shares issued in the Offering have a four-month hold period from the date of issue. Final approval from the TSX Venture Exchange has been received for the Offering.

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Shoal Games Ltd. Announces Trophy Bingo Content Expansion

ANGUILLA, B.W.I., June 2, 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 Bingo, currently in production and scheduled for a Q4 2016 release, today announced that it has launched a new version of Trophy Bingo that contains a significant content extension designed to increase monetization and retention for all players. The new version contains a new tournament game mode titled “Top Dog” and extends game play with the addition of 20 new levels taking the complete game to 140 levels in total.

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Shoal Games Ltd. Extends Private Placement To June 7th, 2016

ANGUILLA, B.W.I., May 30th, 2016 / Shoal Games Ltd. (TSX-V “SGW”) (OTCQB: “SGLDF”) (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), a mobile game live in the Apple, Google and Amazon App Stores, and Garfield Bingo, currently in production and scheduled for a Q4 2016 release, announces that it will extend the closing date for the second stage of its current private placement (the “Offering”) to June 7^th, 2016. To date the Company has closed on Offering proceeds of CAD$902,760. Stockhouse Publishing will continue to host the Offering through its online Deal Room at www.Stockhouse.com. Shares issued on closing of the Offering have a four month hold period from the date of issue. Final approval of the TSX Venture Exchange has been received for the Offering.

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Shoal Games Ltd. Announces First Quarter Results

ANGUILLA, B.W.I., May 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 Bingo, currently in production and scheduled for a Q4 2016 release, today announced its unaudited financial results for the first quarter ended March 31, 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:

• Total revenue for the quarter ended March 31, 2016, was $110,559, an increase of 29% from revenue of $85,535 in the fourth quarter of 2015.
• Sales and marketing expenses from continuing operations were $201,587 for the quarter ended March 31, 2016, a decrease of 40% from sales and marketing expenses of $337,130 in the fourth quarter of 2015.
• MGABPPU (Monthly Gross Average Bookings Per Purchasing User) was $22.38, an increase of 28% from MGABPPU of $17.51 in the fourth quarter of 2015.
• Subsequent to the quarter ended March 31, 2016, the Company secured the brand rights to produce Garfield Bingo.
• Subsequent to the quarter end, the Company closed the first phase of it’s $2 million private placement for 1,504,600 common shares at $0.60 / share which raised proceeds of CAD$ 902,760.

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