BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Company”), announced today that it is adding Over-Under Dice to its online metaverse platform, BitNile.com (the “Platform”) operated by its wholly owned subsidiary BitNile.com, Inc (“BNC”). Over-Under Dice is expected to launch on the Platform on October 31, 2023. This new offering complements BNC’s range of social gaming, including roulette and blackjack, which offers users an opportunity to play for entertainment or real money prizes through a sweepstakes model.

Taking inspiration from timeless casino staples, Over-Under Dice will challenge players to predict the outcome of the dice roll, either ‘over’ or ‘under.’ Over-Under Dice is perceived as an intriguing game that combines elements of chance and strategy, making it an engaging pastime for players. Paired with the Platform’s existing range of social gaming, Over-Under Dice will provide another option for gamers to enjoy.

The Platform is built entirely in the browser, making it easily accessible to users. No specialized headset is needed to experience the metaverse or any of the Platform’s social gaming offerings. This 3D experience can be run from any device, making the Platform available to a wide and diverse user base that doesn’t prevent users from accessing it through their individually preferred medium.

“The launch of Over-Under Dice marks another milestone in the Platform’s commitment to offering unparalleled gaming experiences,” said Joe Spaziano, COO of BNC. “With the addition of this game, we are broadening our offerings and demonstrating our intent to continue to integrate cutting-edge technologies to meet the demands of our growing customer base. Additionally, we expect to add video poker and bingo later this year as the Platform matures from its early-access phase to a fully functioning and vetted platform.”

Users can access and explore the early-access version of the Platform and receive updates by visiting https://BitNile.com.

Sweepstakes are only open to residents of the United States (other than residents of Idaho and Washington) who are at least eighteen years old or the age of majority in their jurisdiction (whichever occurs later) at the time of entry. Participation is void where prohibited by law.

About BitNile Metaverse, Inc.

Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of BNC, including the BitNile.com metaverse Platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BNC, BitNile Metaverse also owns two non-core subsidiaries: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) indirectly and approximately 89% of Agora Digital Holdings Inc. directly. BitNile Metaverse also owns approximately 70% of White River Energy Corp (OTCQB: WTRV).

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and BitNile Metaverse will not undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the acceptance of the Platform by individuals, competition with much larger companies operating metaverses and BitNile Metaverse’s ability to raise capital, investors should review risk factors, that could affect BitNile Metaverse’s business and financial results which are included in BitNile Metaverse’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, Forms 10-K, 10-Q and 8-K. All such filings are available at www.sec.gov and on the Company’s website at www.BitNile.net.

investorrelations@bitnile.net or 1-800-762-7293

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