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Golden Matrix Group Settles on Convertible Promissory Note with LG Capital Funding

LAS VEGAS, NV - (NewMediaWire) - June 04, 2018 - Matrix Group Inc. (OTCPK: GMGI) today announced it had entered into a Settlement Agreement and General Release with LG Capital Funding LLC (LG) whereby the parties agreed to release each other from any and all liabilities relating to the Convertible Promissory Note purchased by LG on July 19, 2014 (originally dated November 1, 2013) in the amount of $75,000.

In accordance with their agreement, Golden Matrix has agreed to pay out to LG the remaining balance of the said note totaling $48,604.19, with $30,000 paid by the company at signing and $4,651.05 payable monthly for four consecutive months.

“This is a significant financial event for Golden Matrix as it will remove the last significant piece of third party convertible debt from the company’s balance sheet,” said Golden Matrix CEO, Anthony Goodman. “Furthermore, we were able to fund the transaction from the strong cash flow being generated by the company’s monthly licensing fees, while at the same time continuing to invest in business development with casino operators in the Asia Pacific region.”

About Golden Matrix Group Inc.

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.

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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Golden Matrix Group 
Franco Sun