Enthusiast Gaming Launches New Subscription Providing, Gives Operational and Corporate Updates

Toronto, Ontario–(Newsfile Corp. – May 26, 2026) – Enthusiast Gaming Holdings Inc. (TSX: EGLX) (“Enthusiast Gaming” or the “Company”), a digital writer centered on constructing instruments, platforms, and experiences for avid gamers, in the present day supplied an replace on current operational progress throughout its portfolio, together with the launch of a brand new subscription providing, U.GG Plus, the inaugural Pocket Gamer Connects occasion in Malmö, Sweden, ongoing product modernization at Icy Veins, and updates on sure stability sheet initiatives.

Launch of U.GG Plus

The Company is happy to announce the launch of U.GG Plus, a brand new premium subscription providing on U.GG, the biggest companion platform for League of Legends gamers in North America, and an more and more important companion platform throughout a rising roster of main titles, together with Deadlock (for which U.GG is the main companion platform), Valorant, and World of Warcraft, amongst others. U.GG Plus offers subscribers with personalised information and analytics instruments designed to assist gamers enhance their efficiency, alongside an ad-free searching expertise throughout the U.GG platform, with extra options deliberate for launch in H2 2026. The launch of U.GG Plus represents an essential strategic step in diversifying U.GG’s income base past promoting and into direct shopper monetization.

Pocket Gamer Connects Malmö 2026

The Company additionally introduced that Pocket Gamer Connects (“PGC”), the industry-leading convention collection for cellular gaming professionals and {industry} contributors, is holding its first-ever occasion in Malmö, Sweden, this week on May 27-28.

PGC Summit Malmö 2026 is a two-day video games {industry} networking occasion. At the core of this new summit is the chance for publishers, buyers, and repair suppliers to attach immediately with a variety of recreation makers in a cushty and handy location. Day 1 of the occasion will even characteristic The Big Indie Pitch, an indie developer pitching showcase competitors. Day 2 will characteristic a day-long ‘summit-style’ convention program, with key enterprise insights from {industry} specialists on main subjects alongside ongoing networking alternatives.

The subsequent flagship occasion within the PGC calendar is Pocket Gamer Connects Barcelona (June 15-16), which is predicted to exceed final 12 months’s occasion in each attendance and sponsorship.

Icy Veins Product Update

The Company additionally introduced that Icy Veins, a gaming web site that provides detailed guides, methods, and ideas for quite a lot of video games, together with World of Warcraft, Diablo, and different Blizzard titles, has launched a brand new fashionable redesign for its house web page and flagship World of Warcraft part. The redesign is predicted to be regularly rolled out to different sections of Icy Veins and is an element of a bigger ongoing effort to modernize the Icy Veins person expertise.

Balance Sheet Update

As a part of the Company’s ongoing efforts to strengthen its stability sheet and handle legacy obligations, the Company additionally supplied updates on numerous stability sheet initiatives.

The Company has negotiated the settlement of roughly $2.0 million of legacy accounts payable for combination money consideration of roughly $0.9 million, which when settled is predicted to end in complete positive aspects on settlement of roughly $1.1 million.

In addition, in accordance with the phrases of the Vedatis SAS (“Vedatis”) buy settlement and the constraints imposed beneath the Company’s current credit score agreements with its secured lenders, the Company has additionally settled $945,089, representing 50% of the earn-out fee payable in reference to the acquisition of Vedatis (the “Vedatis Earn-Out”), by way of the issuance of twenty-two,379,563 widespread shares to the distributors of Vedatis. The money portion of the Vedatis Earn-Out had been beforehand paid as a part of sure safety preparations between the distributors and the Company, and the share issuance will end in a return of $431,769 to the Company. In addition to relevant securities regulation resale restrictions (together with a four-month maintain interval), the widespread shares issued to the distributors of Vedatis in settlement of the Vedatis Earn-Out are topic to contractual lock-up restrictions, with one-third of such shares launched after every of 6 months, 12 months, and 18 months following issuance.

About Enthusiast Gaming

Enthusiast Gaming builds instruments, platforms, and experiences that avid gamers use every single day. Its portfolio of owned and operated digital properties consists of a few of the most recognizable names in gaming, resembling U.GG, Icy Veins, The Sims Resource, Pocket Gamer, Addicting Games, and Fantasy Football Scout, in addition to the worldwide B2B occasion collection Pocket Gamer Connects. Through these property, Enthusiast Gaming generates income from programmatic promoting, subscriptions, and occasions, and is concentrated on increasing its owned IP and deepening direct engagement with its viewers.

Forward-Looking Statements

This information launch comprises sure statements which will represent forward-looking data beneath relevant securities legal guidelines. All statements, aside from these of historic reality, which tackle actions, occasions, outcomes, outcomes, developments, efficiency or achievements that Enthusiast Gaming anticipates or expects might or will happen sooner or later (in complete or partially) must be thought of forward-looking data. Often, however not all the time, forward-looking data may be recognized by way of phrases resembling “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (together with destructive variations) of such phrases and phrases, or statements shaped sooner or later tense or indicating that sure actions, occasions or outcomes “may”, “could”, “would”, “might” or “will” (or different variations of the foregoing) be taken, happen, be achieved, or come to cross. Forward-looking statements on this information launch embrace, however usually are not restricted to, statements concerning attendance at future PGC occasions, the launch and timing of latest merchandise, and expectations regarding the monetary efficiency and the monetary outcomes of future durations.

Forward-looking statements are based mostly on assumptions and analyses made by the Company in mild of its expertise and its notion of historic developments, present circumstances and anticipated future developments, together with, however not restricted to, expectations and assumptions regarding: curiosity and international trade charges; capital efficiencies, value saving and synergies; development and development charges; the success within the gaming media {industry}; and the Company’s development plan. While Enthusiast Gaming considers these assumptions to be cheap, based mostly on data at the moment accessible, they could show to be incorrect. Readers are cautioned to not place undue reliance on forward-looking statements. In addition, forward-looking statements essentially contain identified and unknown dangers, together with, with out limitation, dangers related to normal financial circumstances; adversarial {industry} occasions; and future legislative, tax and regulatory developments. Readers are cautioned that the foregoing checklist just isn’t exhaustive. For extra data on the dangers, uncertainties and assumptions that would trigger anticipated alternatives and precise outcomes to vary materially, please seek advice from the general public filings of Enthusiast Gaming which can be found on SEDAR+ at www.sedarplus.ca. Readers are additional cautioned to not place undue reliance on forward-looking statements as there may be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Such data, though thought of cheap by administration on the time of preparation, might show to be incorrect and precise outcomes might differ materially from these anticipated. Forward-looking statements contained on this information launch are expressly certified by this cautionary assertion and mirror our expectations as of the date hereof, and thus are topic to alter thereafter. Enthusiast Gaming disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new data, 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 trade) accepts duty for the adequacy or accuracy of this launch.

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