Pioneer Announces 1 Million Dollar Private Placement

---

October 25, 2021 CSE: PNER

AQSE: PNER

Pioneer Announces $1.0 Million Private Placement

Vancouver, British Columbia: Pioneer Media Holdings Inc. (“Pioneer” or the “Company”)

announces its intention of raise up to $1,000,000, on a non-brokered private placement basis, through

the sale of units at $1.00 per unit. Each unit will consist of one common share and one common share

purchase warrant (each warrant exercisable at $1.50 for 24 months from the date of closing, subject to

acceleration if the Company’s shares trade at or above $1.75 for 10 consecutive trading days).

The Company intends to use the funds raised to acquire additional investments in the eSport, on-line

gaming and related sectors (including NFT related investments), and for general working capital

purposes.

Closing of the placement is subject to certain customary conditions, including the receipt of all

necessary regulatory approvals and acceptance of the Canadian Securities Exchange. All securities

issued under the placement will be subject to a statutory hold period of four months plus a day

following the date of closing. The Company may pay finder’s fees on a portion of the placement.

About Pioneer Media Holdings Inc.

Pioneer is an investment issuer that actively invests in a diversified portfolio of early-stage to mid-level

companies in the eSport, mobile gaming and NFT sectors. Pioneer’s management team leverages its global

network to provide investors with access to investments not normally available to the average retail

investor. The current Pioneer portfolio includes investments such as: Leaf Mobile Inc. (TSX: LEAF), a

leading free-to-play mobile games group; Guild eSports plc (LON: GILD), a global eSports business

headquartered in London whose lead investor is David Beckham; Dynasty eSports Pte Ltd, a Singaporebased eSports platform with a mission to become the largest eSports franchise in Asia; and NFT

Investments plc, a London based investment company focused on non-fungible tokens (“NFTs”). Pioneer

provides capital, experience, and support to these emerging market leaders while building shareholder

value. Additional information about Pioneer is available at www.sedar.com.

ON BEHALF OF PIONEER MEDIA HOLDINGS INC.

 “Mike Edwards”

 CEO & Director

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Page 2 of 2

Neither the Canadian Securities Exchange nor any Market Regulator (as that term is defined in the policies

of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements

Offering Disclosure Statements

The placement will be available to investors in reliance on exemptions from the prospectus requirement set out in BC Instrument

72-503 - Distribution of Securities outside of British Columbia.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The

securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities

Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under

the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward Looking Statements

This news release may contain “forward-looking” statements and information relating to the Company, the funds to be raised, and

the use of any such funds that are raised, that are based on the beliefs of Company management, as well as assumptions made by

and information currently available to Company management. There is no assurance the Company will be able to complete the

placement on the terms as outlined above, or at all. The Company does not undertake to update forward?looking statements or

forward?looking information, except as required by law.