Golden Matrix Group Inc. Announces Debt to Equity Conversion by Meridianbet Founder Page 1

LAS VEGAS, NV, Sept. 10, 2024 (GLOBE NEWSWIRE) — Golden Matrix Group Inc. (NASDAQ: GMGI) (“GMGI” or “the Company”) is pleased to announce that Aleksandar Milovanović, the founder of GMGI’s wholly owned subsidiary Meridianbet, has agreed to convert $2,000,000 of debt owed to him from the Company’s recent acquisition of Meridianbet into shares of the Company.

The debt, previously held by Mr Milovanović in the form of a convertible bond worth a total of $2,805,671, will now be reduced to $805,671 as part of this agreement.