Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore” or the “Company”) is pleased to confirm that it has closed its previously announced private placement with a fund managed and controlled by Fengate Asset Management (the “Fund”). The Fund has invested $40,000,000 in theScore to fund the growth and development of the Company’s media and sports betting businesses.

The Fund purchased a $40,000,000 8.00% convertible unsecured subordinated debenture of the Company, due August 31, 2024. A detailed description of the debenture and certain rights granted to the Fund in connection with its investment in the Company is provided in the Company’s press release dated September 3, 2019.

The private placement remains subject to the final acceptance of the TSX Venture Exchange. The debenture and the Class A Shares issuable upon conversion of the debenture will be subject to a statutory hold period expiring January 6, 2020. Upon closing of the private placement, the Fund was paid a one-time upfront fee of $1,500,000.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

The debenture and the Class A Shares issuable upon conversion of the debenture have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or any applicable securities laws of any state of the United States and may not offered or sold absent such registration or an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities referenced herein nor may there be any sale of such securities in any jurisdiction, including in the United States, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of any such jurisdiction.

About Score Media and Gaming Inc. Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s mobile sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

Forward-looking (safe harbour) statement Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, the ability to satisfy stock exchange conditions for the final acceptance of the private placement, the use of the proceeds of the private placement to significantly enhance theScore’s ability to execute on its business plan, the timing and success of the launch of the Company’s sports betting business, receipt by the Fund of applicable gaming licenses or other approvals of gaming authorities, the satisfaction of conditions necessary to enable the Company to issue Class A Shares on conversion of the debenture (including any required regulatory, stock exchange or marketplace approvals), and the other matters discussed under the heading “Risk Factors” in the Company’s Annual Information Form as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

James Bigg Sr. Manager, Communications theScore, Inc. Tel: 647-638-9281 Email: james.bigg@thescore.com

Amy Holmes Vice President, Marketing and Communications Fengate Asset Management Tel: +1 647 297 5369 Email: amy.holmes@fengate.com

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