MIAMI, Florida – March 18, 2022 – Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”)a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series across the globe, today announces that current INDYCAR star and former Formula 1 driver Romain Grosjean joined the company as an advisor on its gaming and esports events, with a particular focus on the rFactor 2 simulation platform.

In his role as esports technical advisor for Motorsport Games, Grosjean will bring all of his racing experience – both real and sim – to help develop the industry-leading rFactor 2 racing simulation. Throughout the year, Grosjean will participate in four technical test sessions for rFactor 2, allowing him to provide feedback and recommendations to implement to further improve the platform. In addition to his help with the rFactor 2 iteration, Grosjean will also be available to advise on Motorsport Games‘ catalog of esports events, such as the hugely successful Le Mans Virtual Series and the brand new INDYCAR-Motorsport Games Pro Challenge. His in-depth knowledge of both will prove essential in further expanding each offer, as Grosjean has competed in both real world competitions in his career.

“The link between real racing and simulator racing continues to grow stronger and it has become an increasingly important tool for motorsport companies, teams and championships,” said Romain Grosjean. “I am very pleased to take on the role of Technical Advisor for Motorsport Games and look forward to helping provide feedback on rFactor 2, a simulation I use frequently. The company has shown through its esports events such as the Le Mans Virtual Series and the recent INDYCAR-Motorsport Games Pro Challenge that it is uniquely positioned to deliver the very best in esports through its products and events.

“While Romain’s experience and skills in real motorsport are well known across the world, he has also shown in recent years that he has extensive knowledge and experience in esports and motorsport racing. simulation,” said Gérard Neveu, Motor Sport Advisor for Motorsport Games. He is therefore perfectly suited to this new role of technical adviser to Motorsport Games and his vast experience will help us immensely in the development of rFactor 2 and the expansion of our esports events. As it was recently voted the most popular driver on the entire INDYCAR grid through a global INDYCAR fan survey conducted by Motorsport Games‘ head quarter, Motorsport Network, in collaboration with Nielsen and INDYCAR, we know that our players will be delighted to see Romain more closely involved in the development of our simulation platform and events. With Romain, we will be able to take our Le Mans and INDYCAR esports events to the next level.

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On Motorsport Games:

Motorsport Gamesa Motorsport Network company, is a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series across the globe. Combining innovative and engaging video games with thrilling esports competitions and content for racing fans and gamers, Motorsport Games strives to make the joy of running accessible to everyone. The company is the officially licensed video game developer and publisher for iconic motor racing series on PC, PlayStation, Xbox, Nintendo Switch and mobile, including NASCAR, INDYCAR, 24 Hours of Le Mans, rFactor 2, KartKraft and the British Touring Car. Championship (“BTCC”). Motorsport Games is an award-winning esports partner of choice for the 24 Hours of Le Mans, Formula E, BTCC, FIA World Rallycross Championship and eNASCAR Heat Pro League, among others. Motorsport Games builds a virtual racing ecosystem where every product inspires excitement, every esports event is an adventure, and every story inspires.

Forward-looking statements:

Certain statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. . Words such as “continue”, “will”, “may”, “could”, “should”, “expect”, “expect”, “plan”, “intend”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding: (i) the expected benefits of Motorsport Games‘ association with Romain Grosjean, including but not limited to that his vast experience will greatly help Motorsports Games to develop rFactor 2 and further develop its esports events and that Motorsport Games will be able to take its Le Mans and INDYCAR esports events to the next level. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, many of which are generally beyond the control of Motorsport Games and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, the Company’s difficulties and/or delays in the development of rFactor 2 and the expansion of its esports events, for example due to higher costs than expected incurred to develop, launch and continue to improve and improve these products and/or lower than expected acceptance of the Company’s products by consumers and/or difficulties, delays or unforeseen events that may have a impact on the timing and scope of development of these products, for example due to difficulties or delays in utilizing its product development personnel in Russia due to Russia’s invasion of Ukraine and higher than expected penalties, delays and expenses related to the ongoing and prolonged COVID-19 pandemic and related economic lockdowns and government mandates; unforeseen operating costs, transaction costs and actual or contingent liabilities; negative effects of increased competition; and unforeseen changes in consumer behavior, including due to general economic factors, such as increased inflation. Factors other than those mentioned above could also cause Motorsport Games‘ that the results differ significantly from the expected results. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, many of which are generally beyond the control of Motorsport Games and are difficult to predict. Factors other than those mentioned above could also cause Motorsport Games‘ that the results differ significantly from the expected results. Other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements can be found in Motorsport Games‘ documents filed with the SEC, which may be viewed at www.sec.gov and to ir.motorsportgames.comincluding its annual report on Form 10-K for the fiscal year ended December 31, 2020, its quarterly reports on Form 10-Q filed with the SEC in 2021, the current reports on Form 8-K filed in 2022, as well as in its subsequent filings with the SEC. Motorsport Games anticipates that subsequent events and developments may alter its plans, intentions and expectations. Motorsport Games undertakes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be construed as representing Motorsport Games‘ plans and expectations at any future date. In addition, business and financial records and any other statements or disclosures on, or made available through, Motorsport Games‘ or other websites referenced or linked to in this press release should not be incorporated by reference into this press release.

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Investors and others should note that we announce important financial information to our investors using our Investor Relations website (ir.motorsportgames.com), documents filed with the SEC, press releases, public conference calls and webcasts. We use these channels, along with social media and blogs, to communicate with our investors and the public about our company and our products. The information we post on our websites, social networks and blogs may be considered material information. Accordingly, we encourage investors, the media, and others interested in our business to review the information we post on websites, social media, and blogs, including the following (which will be updated from time to time on our Investor Relations website):

Content from such websites and social media channels is not part of this press release and will not be incorporated by reference into it.

Investors: Ashley DeSimone [email protected]

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