TGS Esports Inc. also announces that, further to its September 12, 2022, news release, it has entered into an amended and restated loan agreement effective as at October 24, 2022, with two arm's length parties for the principal amount of $1,000,000. A further amendment to the Amended and Restated Loan Agreement is being entered into by the arm's length lenders and TGS to provide for the advancement of an additional $50,000 in principal from one of the lenders on the same terms as the Amended and Restated Loan Agreement.