On January 14, 2019, F. Jacob Cherian notified the Board of Directors (the “Board”) of Simplicity Esports and Gaming Company (the “Company”) of his resignation, effective as of February 8, 2019, from his position as the Co-Chief Executive Officer of the Company and from any other officer positions he may hold with the Company. Mr. Cherian's resignation is not as a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. On January 14, 2019, Suhel Kanuga also notified the Board of his resignation, effective as of February 8, 2019, from his positions as the Chief Financial Officer, Secretary and Treasurer of the Company and from any other officer positions he may hold with the Company.

Mr. Kanuga's resignation is not as a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Cherian and Mr. Kanuga shall both remain as members of the Board after their respective resignations as officers of the Company. On January 18, 2019, the Board appointed Jed Kaplan, the current Co-Chief Executive Officer, to act as the interim-Chief Financial Officer of the Company, effective upon the effectiveness of the resignation of Mr. Kanuga.

The Company intends to promptly commence a search for a permanent Chief Financial Officer.