Enthusiast Gaming Broadcasts Receipt of MCTO

Toronto, Ontario–(Newsfile Corp. – April 7, 2026) – Enthusiast Gaming Holdings Inc. (TSX: EGLX) (“Enthusiast Gaming” or the “Company“), a number one digital writer targeted on constructing instruments, platforms, and experiences for players, immediately introduced that additional to its information launch dated March 31, 2026, concerning the Company’s software to the Ontario Securities Commission (“OSC“) for a administration stop commerce order (“MCTO“) to be imposed in respect of its delay in submitting its annual monetary statements, administration’s dialogue and evaluation, annual info kind and associated officer certifications for the monetary yr ended December 31, 2025 (collectively, the “Annual Filings“), the OSC has granted the MCTO.

The MCTO doesn’t have an effect on the flexibility of shareholders who are usually not workers or insiders of the Company to commerce their securities of the Company. The MCTO prohibits the chief government officer and the chief monetary officer of the Company from buying and selling in securities of the Company for as long as the Annual Filings are usually not filed. Additionally, for as long as the Annual Filings are usually not filed, the Company won’t, straight or not directly, difficulty securities or purchase securities from an insider or worker of the Company besides in accordance with legally binding obligations to take action current as of March 31, 2026.

As beforehand disclosed, the delay in submitting the Annual Filings is primarily as a consequence of delays within the exterior auditor’s ongoing audit procedures. The Company’s exterior auditor was appointed on September 15, 2025. The Company is helping their exterior auditor by offering them with the supplementary info and extra documentation they want with a purpose to finalize their audit procedures as quickly as attainable, and in any occasion no later than April 13, 2026.

Until the Company information the Annual Filings, it is going to adjust to the choice info tips set out in below National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults, together with the issuance of bi-weekly default standing studies within the type of information releases, for so long as the Company stays in default. The Company confirms as of the date of this information launch that there isn’t any insolvency continuing in opposition to it and there’s no different materials info in regards to the affairs of the Company that has not been usually disclosed.

Other than as disclosed herein, the Company is updated in its submitting obligations.

About Enthusiast Gaming

Enthusiast Gaming builds instruments, platforms, and experiences that make each second of play extra significant. Its portfolio of owned and operated digital properties contains a few of the most recognizable names in gaming, similar to U.GG, Icy-Veins, TheSimsResource, PocketGamer, Addicting Games, and Fantasy Football Scout, in addition to the worldwide B2B occasion collection PocketGamer Connects. Through these belongings, Enthusiast Gaming generates income from programmatic promoting, subscriptions, and occasions, and is targeted on increasing its owned IP and deepening direct engagement with its viewers.

Forward-Looking Information

This information launch incorporates sure statements that will represent forward-looking info throughout the which means of relevant Canadian securities legal guidelines. Forward-looking info contains, however will not be restricted to, statements concerning the anticipated timing of the submitting of the Annual Filings.

Forward-looking info relies on administration’s present expectations, estimates and assumptions as of the date of this information launch, together with assumptions concerning the well timed completion of the audit course of, the supply of knowledge required to finish the Annual Filings, and ongoing cooperation with the Company’s auditors and regulators. While the Company believes such expectations and assumptions are affordable, they’re topic to inherent uncertainties.

Forward-looking info entails identified and unknown dangers and uncertainties that might trigger precise outcomes or outcomes to vary materially from these expressed or implied by such statements, together with, with out limitation, dangers regarding delays in finishing the audit and Annual Filings and the potential for extra unexpected occasions or circumstances.

Readers are cautioned to not place undue reliance on forward-looking info. Forward-looking info is made as of the date hereof and the Company undertakes no obligation to replace or revise any forward-looking info, whether or not on account of new info, future occasions or in any other case, besides as required by relevant regulation.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the change) accepts duty for the adequacy or accuracy of this launch.

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