theScore, Inc. Announces $16M Private Placement Financing

          theScore, Inc. Announces $16M Private Placement Financing

PR Newswire

TORONTO, April 23, 2013

TORONTO, April 23, 2013 /PRNewswire/ - theScore, Inc. (TSX Venture: SCR)
("theScore" or the "Company") today announced it has entered into subscription
agreements in connection with a $16 million non-brokered private placement of
100,000,000 Class A Subordinate Voting Shares at a price of $0.16. The
financing round will allow the Company to accelerate the development and
marketing of its mobile sports platforms while further expanding its
advertising sales and marketing capabilities in the United States.


Relay Ventures, a venture capital fund based in Toronto and Silicon Valley and
focused exclusively on the mobile space, is leading the private placement.
Existing shareholders, including Levfam Holdings Ltd. and Rogers Media Inc.,
also participated in the financing.

theScore's mobile sports platforms have achieved significant growth since
September 2009, growing from 600,000 monthly users to more than 4.2 million in
January 2013. Available across all major mobile platforms, its flagship
applications offer real-time sports news, scores, fantasy information and
alerts, alongside compelling and relevant content.

John Levy, Chairman and CEO of theScore, Inc. said: "This gives theScore
significant financial resources to accelerate the growth and development of
our great mobile sports platforms. It also affords us an increased runway to
turbocharge the momentum we've been building, strengthen our sales and
marketing teams and further capitalize on the industry-wide explosion in
mobile ad spending."

Following the closing of the private placement, Relay Ventures' Co-Founder and
Managing Partner John Albright will join theScore's Board of Directors.

Mr. Albright said: "More than four million sports fans around the world are
using theScore'smobile platformsto dynamically connect with their favourite
sports, leagues, teams and players. It's created by a company that is led by
serial entrepreneurs who have a successful track record and are now primed to
capitalize further on the explosion in mobile ad spending. We are thrilled to
invest in them."

There are no bonuses, finder's fees,  commissions or other compensation to  be 
paid in connection with the private placement. The Class A Shares issued  upon 
completion of the  private placement will  be subject to  a hold period  under 
applicable securities laws. The private placement  is expected to close on  or 
about May  3,  2013. The  closing  is  subject to  certain  customary  closing 
conditions and remains subject to the approval of the TSX Venture Exchange.

Canaccord Genuity Corp. provided theScore  with strategic financial advice  in 
connection with the private placement.

Stay connected to theScore!

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

No securities  regulatory authority  has either  approved or  disapproved  the 
contents of this news release. The securities being offered have not been, and
will not be,  registered under the  United States Securities  Act of 1933,  as 
amended (the "U.S. Securities Act"), or any state securities laws, and may not
be offered or sold in the United States, or to, or for the account or  benefit 
of, a "U.S. person" (as  defined in Regulation S  of the U.S. Securities  Act) 
unless  pursuant  to  an  exemption  therefrom.  This  press  release  is  for 
information purposes  only and  does not  constitute  an offer  to sell  or  a 
solicitation of  an  offer  to  buy  any securities  of  the  Company  in  any 

About theScore Inc.
theScore's mission  is to  provide  a full  digital  service to  sports  fans, 
delivering a personalized  user experience across  all major mobile  platforms 
through our mobile apps and website. Users are provided with a  comprehensive, 
customizable service  that dispenses  real-time sports  news, scores,  fantasy 
information and alerts, alongside compelling, relevant content that allows for
seamless social sharing by users. theScore also enables advertisers to  engage 
with users  across theScore's  mobile  and web  platforms  and offers  them  a 
combination of reach, relevance, and customizable advertising and  sponsorship 

Forward-looking (safe harbour) statement
Statements made in this  news release that relate  to future plans, events  or 
performances are forward-looking statements,  including statements related  to 
the use of proceeds from the private placement, the acceleration of growth and
development of  mobile sports  platforms,  strengthening sales  and  marketing 
teams and  capitalizing on  opportunities and  the timing  of closing  of  the 
private placement.Any  statement containing  words  such as  "may",  "would", 
"could", "will", "believes",  "plans", "anticipates", "estimates",  "expects" 
or "intends"  and other  similar  statements which  are not  historical  facts 
contained in this  release are forward-looking,  and these statements  involve 
risks and uncertainties and are based on current expectations. Such statements
reflect theScore's current views with respect to future events and are subject
to certain risks, uncertainties and assumptions. Many factors could cause  the 
Company's  actual  results,  performance  or  achievements  to  be  materially 
different from any  future results,  performance or achievements  that may  be 
expressed or implied by such forward looking statements, including among other
things, those which  are discussed  under the  heading "Risk  Factors" in  the 
Company's Listing  Application as  filed  with the  TSX Venture  Exchange  and 
available on SEDAR at  and elsewhere in documents that  theScore 
files from time to time with securities regulatory authorities. Should one  or 
more of  these  risks  or uncertainties  materialize,  or  should  assumptions 
underlying the  forward-looking  statements prove  incorrect,  actual  results 
could  differ   materially   from   the  expectations   expressed   in   these 
forward-looking statements. The Company does  not intend, and does not  assume 
any obligation, to update these forward-looking statements except as  required 
by applicable law or regulatory requirements.

SOURCE theScore, Inc.


James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812
Cell: 647.638.9281

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416-560-0528
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