Golden Matrix Group Authorizes $3 Million Stock Repurchase Program

Golden Matrix Group Inc. announced that its Board of Directors has authorized the repurchase of up to $3.0 million of the company's common stock, with the program scheduled to expire on December 15, 2026, unless extended or discontinued earlier. The authorization reflects management's belief that the company's shares are trading at a significant discount to intrinsic value, presenting what Chief Financial Officer Rich Christensen described as a disciplined and highly attractive use of capital.

Christensen explained that the repurchase initiative aims to reduce market overhang, address short interest, and enhance long-term shareholder returns by repurchasing shares at current price levels. He emphasized that stock buybacks provide a more tax-efficient method of returning capital compared to dividends while driving earnings-per-share accretion that underscores management's conviction in the company's future performance. The program's importance lies in its potential to signal confidence to investors during a period when the company believes its market valuation does not reflect underlying business strength.

Under the stock repurchase program, shares may be repurchased from time to time in the open market or through negotiated transactions at prevailing market rates, or by other means in accordance with federal securities laws. Repurchases will be made at management's discretion at prices considered attractive and in the best interests of both the company and its stockholders, subject to availability of shares, general market conditions, trading price of the common stock, alternative uses for capital, and the company's financial performance. Open market purchases are expected to be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934 and other applicable laws and regulations.

The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The program does not obligate the company to purchase any number of shares, and there is no guarantee as to the exact number or value of shares that will be repurchased. The repurchase program is expected to be funded using the company's working capital, with all purchased shares to be retired and returned to treasury.

As detailed in the company's regulatory filings available at https://www.sec.gov, the repurchase authorization comes amid various business considerations and forward-looking statements about the company's operations. The company had 140,660,454 shares of common stock issued and outstanding as of September 30, 2025. The stock repurchase program represents a strategic capital allocation decision that management believes will benefit shareholders through multiple mechanisms, including potential valuation support and earnings accretion, while maintaining flexibility in a dynamic market environment.