CAMELOT ENTERTAINMENT GROUP RETIRES 14 BILLION SHARES

IRVINE, CA, June 10, 2013 — Camelot Entertainment Group, Inc. (OTC: CMGR) (“Camelot”) announced today that it has retired and returned to treasury 14,370,438,116 shares of its common stock. As a result, the Company now has 5,750,000,000 shares of common stock issued and outstanding. The total non-restricted shares held, including those non-restricted shares held by affiliates that are not currently available for resale, were 2,126,294,556 (including those held in CEDE). Thus far in 2013 Camelot has retired a total of 16,250,000,000 shares of its common stock. The reduction in outstanding shares is part of an overall rebuilding of the company’s infrastructure as it works on bringing its public filings current. Further information can be found in Camelot’s 8-K filing with the Securities and Exchange Commission at www.sec.gov, at www.otcmarkets.com and on the Company’s website at www.camelotent.com.

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