TRANSGAMING ANNOUNCES $50,000 GAMETREE DEVELOPER COMPETITION FINALISTS

TORONTO, CANADA– July 6, 2011– TransGaming Inc. (TSX-V:TNG), the global leader in the multiplatform deployment of games, today announced the three finalists of the GameTree Developer Competition, which offered game developers worldwide the opportunity to submit their games for the chance to win a $50,000 grand prize. The finalists will be distributed on the GameTree TV platform, immediately delivering them to the forefront of the Smart TV gaming revolution in consumers’ connected living rooms. The three finalists in alphabetical order are:

Bubblenauts: The Hunt for Jolly Roger's Treasure by Western Star Entertainment is a nautical-themed puzzle game where players can dive into the hunt for underwater treasure by solving puzzles to unlock special powers.

Smiles HD by Sykhronics Entertainment is a new and addictive matching game, featuring incredibly fun game modes and adorable themes where players can rack up huge combos and even bigger scores.

Yo Deshi by Proper Games is a cerebral martial arts-themed board game that challenges players of all skill levels with customizable options in a unique, multi-player puzzle experience that will not disappoint!

The winner of the GameTree Developer Competition and the $50,000 grand prize will be determined by a panel of celebrity judges including actor, director, producer and writer LeVar Burton, President of Development at Jerry Bruckheimer Games Inc., Jay Cohen, and Lorne Lanning, Co-founder of Oddmobb, Inc. The winner will be announced at the industry-leading Casual Connect Seattle conference during the Minna Mingle on Wednesday, July 20th.

“The incredible response to the GameTree Developer Competition affirms that the game development community views our cloud gaming platform, GameTree TV, as a top choice for the distribution of their games on Smart TV”, commented Vikas Gupta, CEO&President of TransGaming.“GameTree TV provides an unparalleled market opportunity for game developers worldwide to directly reach a rapidly growing audience.”

About GameTree TV, a TransGaming product

GameTree TV is the premiere on-demand Smart TV gaming platform, offering an unparalleled user experience on the next generation of set-top boxes and connected consumer electronic (CE) devices. The GameTree TV Platform delivers an extensive catalog of video games that can quickly and easily be accessed on-demand. Through a flexible and seamless transaction system, subscribers can choose from a variety of pricing models billed directly through the cable provider. For more information about GameTree TV, visit http://gametreetv.com.

About TransGaming Inc.,

TransGaming, Inc. (TSX-V: TNG), is the global leader in the deployment and distribution of electronic entertainment across multiple platforms. TransGaming works with the industry's leading developers and publishers to enable and distribute games for Smart TV set-top boxes, Mac computers, and Linux/CE platforms. TransGaming is headquartered in Toronto, Canada, with offices in Ottawa and Atlanta. To learn more about TransGaming visit www.transgaming.com

TransGaming Inc. Contacts:

Jade Wilkinson

LEWIS PR

+1 415 992 4400

TransGaming@lewispr.com

Jean-Francois (JF) Dube

Investor Relations - Canada

+1 877 848 8790

investors@transgaming.com

Adam P. Lowensteiner

Investor Relations– United States

Wolfe Axelrod Weinberger Associates LLC

+1 212 370 4500

adam@wolfeaxelrod.com

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

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