Face Up Entertainment Aims to Bring Its Legal Online Gaming Platform to Facebook

Face Up Entertainment Aims to Bring Its Legal Online Gaming Platform to
Facebook

Online Poker Industry Forecast for 2013 is in Excess of $33 Billion

VALLEY STREAM, N.Y., Feb. 8, 2013 (GLOBE NEWSWIRE) -- Face Up Entertainment
Group, Inc. (OTCBB:FUEG), a Reality Gaming Social Network company, today
announced that it has begun Closed Beta testing of its Facebook integrated
gaming software.

Since announcing the release of Facebook Alpha in the end of Q3 of 2012, Face
Up Entertainment Group has been hard at work, customizing their already
popular user interface to be seamlessly integrated into the Facebook platform.

"Through the diligent efforts of our analysts, developers, and quality
assurance teams, we are ready to move into the Beta portion of testing and
release. This version will allow us to bring on key users to help us test the
product on Facebook. The Beta process also provides us with valuable
feedback," sated Mr. Felix Elinson, the Company's CEO. "We anticipate this
phase of testing and refinement to run for a period of between 60 and 90 days
at which point we hope to move into a soft launch period," added Mr.
Elinson. "The ultimate launch of our offerings on Facebook may require
approval which we will seek at the appropriate time."

The Company's ultimate goal is for the 1 billion Facebook users around the
world to be able to play our legal poker offering, and many other tournament
style games on the drawing board, online, through their Facebook Page.

According to Forbes

(http://www.forbes.com/sites/afontevecchia/2012/12/06/can-online-poker-save-zynga-417b-global-gambling-market-throws-pincus-a-risky-lifeline/):
"The potential for online poker and other casino games in the U.S. is
enormous. The global gambling industry's total gross win (a measure of how
much money gambling companies make, and their customers lose) is expected to
grow 5.6% to $417 billion this year, according to intelligence firm H2
Gambling Capital. 8.1%, or $33.8 billion, will come through interactive, or
online, channels, and that is expected to grow to just under 10% by 2015. If
the leading 12 U.S. states were to introduce permissive regulation, their
share of the market, currently at 8%, could rise to 28% in five years,
unlocking incredible value, H2 noted."

The Company's game proprietary platform (www.FaceUpGaming.com) is being used
in creating a vast global gaming network consisting of games from every region
of the globe, supporting native languages as well as cross language
functionality. Logical additions to the platform include global staples in
gaming such as Backgammon, Poker, Chess and Checkers and many others. Face Up
Gaming is a legal non-wagering online gaming platform (www.FaceUpGaming.com).

Face Up Entertainment Group, Inc is committed to responsible game-play and
is not a gambling site. "Our goal is to maintain the thrill of online
games while keeping it safe for everyone. Our social networking functionality
provides the user base with the ability to grow their circle of friends beyond
those they physically reach day to day. Our users sit down to play a game and
more often than not leave making a connection with a stranger which is then
maintained via our social network functionalities," stated Mr. Elinson.

The Face Up Entertainment Group, Inc. logo is available
at http://www.globenewswire.com/newsroom/prs/?pkgid=14445

Forward-Looking Statement

Matters discussed in this release may constitute forward-looking statements.
The U.S. Private Securities Litigation Reform Act of 1995 provides safe harbor
protections for forward-looking statements in order to encourage companies to
provide prospective information about their business. The Company desires to
take advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation.

Forward-looking statements reflect our current views with respect to future
events and financial performance and may include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of
historical facts. The words "believe," "hopeful," "anticipate," "diligent
efforts,"  achievement," "may," "seek," "plan," "potential," "may," "should,"
"will make" and similar expressions identify forward-looking statements.

The forward-looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical operating
trends, data contained in our records and other data available from third
parties. Although we believe that these assumptions were reasonable when made,
because these assumptions are inherently subject to significant uncertainties
and contingencies which are difficult or impossible to predict and are beyond
our control, we cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections.

Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include our
ability to identify and in-license and the ability to adequately fund such
targeted acquisitions. Risks and uncertainties are further described in
reports filed by Face Up Entertainment Group, Inc. with the U.S. Securities
and Exchange Commission.

CONTACT: ir@gamefacegaming.com
         Tel: 516 303 8100

Face Up Entertainment Group, Inc. logo