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Golden Matrix Group Executes Definitive Distribution Agreement With Red Label Technology

Las Vegas, NV - (NewMediaWire) - July 31, 2018 - Golden Matrix Group Inc. (OTCPK: GMGI), a technology-driven company that designs and develops social gaming platforms, today announced it has entered into a definitive distribution agreement with Red Label Technology LTD. (Red Label Technology) to expand the number of gaming operators being serviced by GMGI in the Asia Pacific region.

Red Label Technology is an Asian-based company owned and operated by a  team of experienced social gaming entrepreneurs with extensive distribution channels throughout Asia. They will be introducing their gaming operator clients/contacts to GMGI’s New Generation GM-X System, a state-of-the-art gaming platform that incorporates an artificial intelligence (AI) component as well as a module that supports seamless integration with Sportsbooks and e-Sports. NewGen GM-X can provide gaming operators with the ability to strengthen their customer acquisition/retention and back-end management, as well as add more gaming content.

According to Golden Matrix CEO Brian Goodman, "We expect this new distribution agreement with Red Label Technology to steadily increase the number of Asian gaming operators utilizing GMGI’s scalable turnkey solutions, and thereby provide added revenue streams to those already being generated by our other (current) distributor, Articulate Pty Ltd. Having these two seasoned distribution partners will continue to increase GMGI’s visibility and expand the placement of our gaming platform services in one of the world’s largest social gaming markets.”

About Golden Matrix

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.

Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.

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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Franco Sun