GameCorp Appoints New Directors

TORONTO, ONTARIO--(Marketwire - Jan. 12, 2011) - GameCorp Ltd. ("the Company") (CNSX:GGG)(OTCBB:GAIMF) is pleased to announce that it has appointed Dr. Aubrey Zidenberg, Mr. Pierre Gagnon, and Mr. Henry Kloepper to the company's Board of Directors, subject to the required regulatory and stock exchange approvals. The current Directors will remain on the Board and this includes Mr. J. Graham Simmonds, Mr. Neal Romanchych and pending approval Mr. Marc Askenasi.

"On behalf of the Board and shareholders, I would like welcome Dr. Zidenberg, Mr. Gagnon, and Mr. Kloepper to the Board. These gentlemen bring a breadth of experience to our Board with backgrounds in banking, finance, real estate and gaming," said Graham Simmonds, CEO of GameCorp. "At this critical point in our future, with our mobile products and services nearing their launch, it was important for the Company to strengthen its Board and increase its independence."

Dr. Aubrey Zidenberg is a thirty five year veteran of the international casino gaming industry. He is registered with the Alcohol and Gaming Commission of Ontario, and is responsible for putting together the partnership of the operating company of Casino Rama in which he has a financial interest. He is currently International Vice President of B'nai Brith representing Canada, an international human rights organization which has operated in Canada since 1875. He also chairs the organizations Special Advisory Council to the League for Human Rights. Mr. Zidenberg currently sits on the National Advisory Board of the Responsible Gambling Council of Canada and is a recipient of the Canadian Gaming Industry Award of Excellence. Mr. Zidenberg earned a B.A. from York University in 1975 and in 2007 received a Honourary Doctorate of Laws Degree.

Mr. Pierre Gagnon studied Commerce at the University of Toronto and is an Associate of the Institute of Canadian Bankers. In 1988, he joined Brukar Inc., a manufacturer of industrial components for the food equipment industry as president. Mr. Gagnon is currently the president of Chancery Investments Inc., an investment company. He is an advisor to "the Shotgun Fund" and "the Succession Fund" and serves on various boards in the portfolio companies. He is a director of publicly listed Baymount Incorporated and Spot Coffee (Canada) Inc. as well as a number of private companies. Mr. Gagnon was the chair of Copernicus Educational Products Inc. from 2006 to 2009. He is also a director of Halton Healthcare Services Foundation and Oakville Galleries.

Mr. Henry Kloepper has enjoyed a 30-year career in structured finance and investment banking, holding executive positions at Citibank Canada, JP Morgan, Security Pacific Bank (now Bank of America) and North American Trust (now Laurentian Bank). He is a director of publicly listed Mogul Energy International Inc. and is the Chief Operating Officer of Via Bank Ltd.

GameCorp Ltd. is a public company that trades under the symbol GGG on the Canadian National Stock Exchange and under the symbol GAIMF on the Over the Counter Bulletin Board. In general, the Company participates in the early-stage development of gaming projects with a specific focus on mobile technology and a proprietary platform for the enablement of mobile lottery, gaming and sweepstakes services.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

ON BEHALF OF GAMECORP LTD.

For additional information please visit the Company's website at www.gamecorp.com or refer to www.sedar.com.

Forward-looking Statements

This press release contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. These statements involve risks and uncertainties including, without limitation, GameCorp's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.