Golden Matrix Group Announces Leadership Transition as Company Enters Next Strategic Phase

Golden Matrix Group Inc. announced a planned leadership transition that aligns with the company's next phase of strategic execution and operational scale. Brian Goodman has agreed to step down as Chief Executive Officer and member of the Board of Directors effective December 12, 2025. William Scott, Chairman of the Board and a globally recognized gaming executive, will take over as Interim Chief Executive Officer while also chairing the committee responsible for appointing the company's next permanent CEO.

During his tenure, Goodman guided Golden Matrix through significant transformation, shifting from a micro-cap operator to a diversified, NASDAQ-listed international gaming group. Under his leadership, the company expanded into multiple regulated markets, built a portfolio of scalable B2B and B2C platforms, and established a business model built on recurring revenue and disciplined growth. This foundation positions the company for its next chapter focused on execution, scale, and consistent performance in competitive global markets.

William Scott brings extensive experience in global gaming and regulated markets, having previously held senior executive roles at GTECH/Lottomatica where he played a leading role in that company's evolution from a lottery-focused business into a broader international gaming group. As interim CEO, while leading the permanent CEO search, he will prioritize performance, operational optimization and continued value creation for shareholders. Scott emphasized that Golden Matrix is built on solid ground - diversified, profitable, and prepared to scale - with strong fundamentals, global reach, and disciplined execution positioning the company to outperform the market and deliver exceptional long-term value for shareholders.

The leadership change occurs as Golden Matrix operates in more than 25 markets worldwide across Europe, Latin America, Asia Pacific, Australia, and Africa through its diversified portfolio including casino, sportsbook, and competition products. The company's subsidiaries such as MeridianBet Group, Expanse Studios, GMAG, RKings, CFAC, and MexPlay power its B2B and B2C segments with scalable, compliant, and high-margin gaming solutions. This transition represents a strategic move to leverage the foundation built during Goodman's tenure while accelerating growth through Scott's extensive industry experience and focus on operational excellence in a dynamic regulatory environment.

Golden Matrix remains committed to innovation, compliance, and delivering consistent results as it navigates the complexities of global gaming markets. The company's forward-looking statements acknowledge various factors that may affect performance, including economic conditions, regulatory changes, market competition, and the ongoing development of its technology platforms. Investors can find detailed information about these considerations in the company's publicly-filed reports available at www.sec.gov, including annual and quarterly filings that outline the company's financial position and strategic direction.