P2earn adds Microsoft-backed blockchain game StarHeroes to the Gaming Guild platform

Toronto, Canada, May 8, 2023 – P2Earn Inc (CSE:PXE) (FSE:WH4) ) (“P2 Earn” or “Company”) are very pleased to announce that the company has entered into a non-binding letter of intent (“Letter of intent”) with StarHeroes.IO (“StarHereos”) (a Web3 game backed by Microsoft Corp. to be released later in 2023.

The letter of intent sets out the terms for a proposed commercial relationship (“Proposed commercial relationship”) between the company and StarHeroes, under which the parties will work together with the mutual goal of expanding both their respective blockchain gaming communities. The proposed business relationship is conditional on the completion of legal review, tax advice and completion of documentation satisfactory to both parties.

StarHeroes is the first-ever multiplayer space shooter designed exclusively for eSports. The STAR studio’s production offers several modes including Play-and-Earn modes, which allow players to earn digital currency that can be exchanged for real money. StarHeroes recently partnered with Microsoft, which gave it access and credits to use the Azure PlayFab platform. So far, PlayFab has been used to create iconic video game titles such as Forza Horizon and Tom Clancy’s Rainbow Six Siege.

Microsoft’s support for StarHeroes is one of the first times a major company like Microsoft has backed a Web3 game, demonstrating the potential of blockchain gaming. Now other companies are taking notice. The alpha version of StarHeroes is available to everyone on the GameSwift platform.

Commenting on the deal, Alex Lineton, CEO of P2Earn said: “We are delighted to be working with such a leading web3 game developer. This game really showcases what web3 games are rapidly becoming as graphics and gameplay begin to progress to the next stage of development . We are working with StarHeroes to integrate their game into the Gaming Guild to be ready for their launch.”

Maverick Milkowski, CEO of StarHeroes stated: “Building a game and guild from scratch is a huge undertaking, so mutual support in this journey is invaluable. And our shared potential for growth – truly exciting.” StarHeroes is expected to launch later in 2023 with integration into the P2Earn Gaming Guild following close behind.

About P2Earn Inc.

P2Earn is a publicly traded company providing comprehensive solutions for the rapidly developing blockchain gaming and cryptocurrency sectors. P2Earn operates an efficient Bitcoin mining operation powered by sustainable energy sources.

Our cutting-edge blockchain gaming platform enables players to gain tangible value from their in-game achievements and activities, leveraging unique digital assets (such as NFTs) that can be sold, bought and traded like physical assets. P2Earn is committed to building a sustainable blockchain gaming ecosystem, while making Play-to-Earn gaming more accessible to a wider audience.

For further information contact:

Eugene Valaitis, director

(214)-864-5958

P2EARN INC.

First Canadian place

100 King Street West, Suite 5600

Toronto, Ontario M5X1C9

Phone: 214-864-5958

Statement regarding forward-looking information

Certain statements in this press release constitute “forward-looking information” as such term is defined under applicable Canadian securities laws. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate” , “expect” and similar expressions in relation to the company are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information, including but not limited to: development of the proposed commercial relationship contemplated under the Letter of Intent; additional benefits, if any, from the proposed commercial relationship; the continuation of the StarHeroes partnership with Microsoft, any benefits that the Company may derive from such partnership; and future use and development of Web3 in general. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions.

Many factors could cause the actual results, performances or achievements that may be expressed or implied by such forward-looking information to differ from those described herein should one or more of these risks or uncertainties materialize. Examples of such risk factors include, without limitation, credit; market (including stocks, commodities, currency and interest rates); liquidity; operational (including technology and infrastructure); reputation; insurance; strategic; regulatory; lawful; Environment; capital adequacy; the general business and economic conditions in the regions where the company operates; the company’s ability to execute key priorities, including the successful execution of acquisitions, business retention and strategic plans and to attract, develop and retain key executives; difficulties in integrating newly acquired businesses; the ability to implement business strategies and pursue business opportunities; disruptions to or attacks (including cyber attacks) on the Company’s information technology, internet, network access or other voice or data communications systems or services; the development of various types of fraud or other criminal behavior to which the company is exposed; failure of third parties to comply with their obligations to the Company or its affiliates; the effect of new changes in, or application of, applicable laws and regulations; decrease in reimbursement rates; a new business model; dependence on key suppliers; the general difficult litigation environment; increased competition; increased funding costs and market volatility due to market illiquidity and competition for funding; the availability of funds and resources to pursue operations; critical accounting estimates and changes in accounting standards, policies and methods used by the Company; the occurrence of natural and unnatural catastrophic events and claims resulting from such events; as well as those risk factors discussed or referred to in the Company’s disclosure documents filed with securities regulators in certain provinces of Canada and available at www.sedar.com.

Should any factors affect the company in an unexpected way, or should assumptions underlying forward-looking information prove to be incorrect, actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. The company also assumes no responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

CSE has not reviewed, approved or disapproved the content of this press release