GameCorp to Sell InterAmerican Gaming Shares

TORONTO, ONTARIO--(Marketwire - June 13, 2011) - GameCorp Ltd. ("the Company") (CNSX:GGG)(OTCBB:GAIMF) announces that it intends to significantly reduce its ownership position in InterAmerican Gaming Inc.(OTCBB:IAGM). Currently the Company holds 30,662,600 common shares of IAGM representing an approximate 45% interest.

IAGM also owes GameCorp and its subsidiaries approximately $850 thousand. This debt will also be restructured once the new shareholders of IAGM determine how they will proceed in restructuring IAGM. The shares and the debt are currently valued on GameCorp's balance sheet at zero. The transaction will occur privately and the shares will be sold to a group of investors led by Mr. Marc Askenasi, a consultant to the Company. The terms of the transaction are still being negotiated at this time.

InterAmerican Gaming is a legacy investment of GameCorp and, in order to create value, the Company believes it is in its best interest to reduce its ownership and position a new group of investors to build and drive the IAGM business forward. GameCorp does intend to maintain an ownership position and anticipates that it will have to restructure or settle its debt.

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 Pink sheets. 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.

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.

This release does not constitute an offer for sale of securities in the United States.