Alpha Esports arranges $1.5-million private placement

Alpha Esports Tech Announces Private Placement of CDN $1,500,000

Alpha Esports Tech Inc. (CSE: ALPA) (FSE:(9HN), (OTC PINK: APETF), (“Alpha” or the “Company”), is pleased to announce a non-brokered private placement (the “Offering”) of CDN $1,500,000 or up to 4,285,714 units (the “Units”). Each Unit will be comprised of one common share at a price of CDN $0.25 and one half common share purchase warrant (the “Warrants”). Each Warrant will be exercisable for one common share at a price of $0.35 for a  period of 24 months.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration requirements.

About Alpha Esports Tech Inc.

Alpha Esports Tech Inc. is a technology company that focuses on emerging industries in esports, mobile gaming, ecommerce and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Esports Tech brings a unique mass-appeal focus to modern gaming platforms.

Learn more at: www.alphatech.inc

Contact: Investor Relations: ir@alphatech.inc – 604 359 1256

Media and Public Relations: Sherry Ash – media@alphatech.inc – 917 674 8292

On Behalf of The Board of Directors

John Anastas Chairman and Director

Forward Looking Statement

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business, products, and future of the Company’s business. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance, and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company’s products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaimsany obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release. The CSE has not reviewed, approved, or disapproved the content of this press release

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