Fortuna Enters into Software License Agreement.

LONDON -- Fortuna Gaming Corp., (OTCBB:FGAM), ("the Company"), through its subsidiary Fortuna Gaming (UK) Limited ("Fortuna" or "FGAM") is pleased to announce that it has entered into a Software License Agreement ("Agreement") with G.I. ENTERPRISES, LTD., of KN Nevis, West Indies (the "Licensor"). Under the terms of the Agreement, FGAM has acquired a non exclusive license to both Poker and Casino Software developed by the Licensor.

Under the Poker Software License, FGAM will be entitled to an Internet Poker card room gateway license in order to direct potential Internet Poker card room players entering their Poker card room website via the gateway to the Poker network community card room for purposes of earning revenue. The multi player Poker Gaming software includes the following:

Multi Player Games   <               <


Texas Hold'em Poker  <               <  Omaha

Seven Card Stud
Tournaments          <               <  Omaha Hi/Lo

Seven Card Stud Hi/Lo

Under the Casino Software License, The following Casino Games will be provided as per this Software Agreement:

[TABLE OMITTED]

Under the terms of the License, FGAM will pay the Licensor a one-time, non-refundable license acquisition fee in the amount of Forty Five Thousand Dollars ($45,000.00) as the "Initial Fee" in consideration of Licensor's consent to enter into this Agreement. Initial Fee shall be payable as follows: 60% ($27,000) down and 40% ($18,000) when live.

In addition to the above, FGAM shall pay to Licensor an ongoing monthly fee (the "Monthly License Fee") equal to 20% of the Net Monthly Revenue generated by FGAM on the site.

About Fortuna Gaming Corp.

Fortuna Gaming Corp (the "Company"), through its subsidiary Fortuna Gaming (UK) Limited, ("Fortuna") headquartered in London, England, is in the online gaming business and plans to become a leading mobile and online provider for the Internet gaming entertainment industry. Fortuna's acquisition strategy is to acquire complimentary medium sized Internet gaming companies operating in legal jurisdictions which will provide a rich entertainment experience for customers while adding shareholder value.

Legal Notice Regarding Forward Looking Statements

The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.