Press Release

• Release date confirmed for Tuesday 20^th February
  
• Le Mans Ultimate to be released on PC in Early Access
• Community involvement will allow players to get ‘hands on’ with the game and its future development
• Price set at €29.99 EUR / £24.99 GBP / $32.99 USD for release

MIAMI, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Le Mans Ultimate – the official game of the 24 Hours of Le Mans and FIA World Endurance Championship – will be available to the public in Early Access form on Tuesday 20^th February – allowing players to get their hands on the game developed by renowned simulation developer, Studio 397 and Motorsport Games Inc. (collectively, the “Company” or “Motorsport Games”).

The title will feature all the cars and circuits from the memorable centenary year in 2023, showcasing the exciting arrival of the revered Hypercars from that season. Cadillac, Ferrari, Glickenhaus, Peugeot, Porsche, Toyota and Vanwall, developed with extensive manufacturer support, all featured in the PC-based game. Players will experience the thrill of piloting iconic cars at spectacular laser-scanned circuits with Sebring, Portimão, Spa-Francorchamps, Monza, Fuji, Bahrain and legendary Circuit de la Sarthe in Le Mans all featured in the meticulous detail that Studio 397 are famed for.

Motorsport fans can start their Le Mans Ultimate journey through either Online events, powered by the latest version of RaceControl coming to Le Mans Ultimate, or Single Player Race Weekends. This offers the chance to test drive the exotic machinery, refine your car set-up and learn the circuits, whilst formulating your own FIA WEC Race Weekend – taking part in Practice, Qualifying and the main Race. Users will be able to adjust the time of day, session duration and weather conditions to their liking before racing against best-in-class AI drivers.

For those seeking thrilling, wheel-to-wheel competition against players the world over, Online multiplayer will offer an exhilarating challenge. From launch, players will be able to take part in ranked Daily Races that pair your with similarly skilled drivers. These races run regularly throughout the day and will provide the opportunity to build the player’s Driver and Safety Ranking – in time, your rank will offer up further opportunities for higher ranked races and exclusive events.

The price will be set at €29.99 EUR / £24.99 GBP / $32.99 USD for day one release, allowing those who purchase early to capitalise on a lower price point and gain the ability to provide feedback and steer future content. As the game evolves through Early Access, the improved experience and content offering will be accompanied by incremental price increases for new purchasers.

Game development will be a collaborative process with Le Mans Ultimate providing regular updates on the build of the game, fixes, features, content development and quality of life updates. The Le Mans Ultimate community will not only be kept up to speed by the Studio 397 team, but also encouraged to take part in future polls, events, forums and suggestions as developers work alongside the community to shape future developments.

“397 laps is the highest number of laps ever completed by a team at Le Mans, giving Studio 397 its unique name. To be able to bring this product to market is a dream fulfilled. For the team, it’s the next stint of an exciting journey to deliver the ultimate endurance title,” enthused Dom Duhan, Head of Studio 397. “Launching in Early Access is an important step in realising our ambitions; we will launch features and content only when ready and up to the high standards we set ourselves.”

For those who would like to stay up to date on Le Mans Ultimate, the @LeMansUltimate social media channels will be the place to be between the 8^th and 9^th February. Watch as the development team undertake the latest in a line of several Balance of Performance (BoP) tests preparing the cars in their respective classes ahead of launch. It will be another chance to see highlights and hear the cars in action, Additionally, these channels will be used over the coming weeks as the team begin to reveal their plans for the post-release roadmap and share how users can become involved in the continued development of this title.

For further information on Le Mans Ultimate visit www.lemansultimate.com or the games’ social media channels or by visiting Le Mans Ultimate on Steam and Wishlisting the product today to keep up to date with all developments.

About Motorsport Games:

Motorsport Games, a Motorsport Network company, is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms. rFactor 2 also serves as the official sim racing platform of Formula E, while also powering F1 Arcade through a partnership with Kindred Concepts. Motorsport Games is also an award-winning esports partner of choice for the 24 Hours of Le Mans and Formula E. Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure and every race inspires.

Forward-Looking Statements:

Certain statements in this press release which 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. Any statements in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning the expected Le Mans Ultimate and/or Studio 397’s attributes, performance, benefits and features, the benefits and positive attributes of competing or playing Le Mans Ultimate game, that Motorsport Games will be successful in bringing the ultimate experience to Le Mans Ultimate game. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Examples of such risks and uncertainties include, without limitation: difficulties, delays in or unanticipated events that may impact the timing and expected benefits of the new Le Mans Ultimate game and/or related products and features, such as due to unexpected release delays, whether the reveal of Le Mans Ultimate will be well received and/or successful, whether the final product will meet the expectations of the fans, users and spectators, whether Studio 397 and Motorsport Games will produce the positive experience for gamers and motorsport fans, whether the players will experience the thrill of piloting the cars on Le Mans Ultimate game, whether Online multiplayer will offer an exhilarating challenge, whether a player’s rank will offer up further opportunities for higher ranked races and exclusive events, whether e Mans Ultimate game will evolve through and/or after Early Access and/or offer the improved experience and content offering, whether Le Mans Ultimate game development will be a collaborative process with Le Mans Ultimate providing regular updates on the build of the game, fixes, features, content development and quality of life updates, whether the Le Mans Ultimate community will not only be kept up to speed by the Studio 397 team, but also encouraged to take part in future polls, events, forums and suggestions as developers work alongside the community to shape future developments, and/or whether the Company will launch features and content only when ready and up to the high standards set by Studio 397 and Motorsport Games. Factors other than those referred to above could also cause Motorsport Games’ results to differ materially from expected results. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in Motorsport Games’ filings with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, its Quarterly Reports on Form 10-Q filed with the SEC during 2023, as well as in its subsequent filings with the SEC. Motorsport Games anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Motorsport Games assumes no obligation, and it 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 relied upon as representing Motorsport Games’ plans and expectations as of any subsequent date. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Motorsport Games’ website or other websites referenced or linked to this press release shall not be incorporated by reference into this press release.

Website and Social Media Disclosure:

Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):

The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.

Contacts: Investors: investors@motorsportgames.com Media: pr@motorsportgames.com