TORONTO, ONTARIO - Intertainment Media Inc. ("Intertainment" or the "Corporation") (TSX VENTURE:INT) is pleased to announce that it has completed a non-brokered private placement of units (the "Units") for gross proceeds of $454,057.50 (the "Offering"). Each Unit was issued for $0.25 per Unit and is comprised of one common share of the Corporation ("Common Share") and one half of one Common Share purchase warrant ("Warrant"), with each Warrant having an exercise price of $0.35 and a term ending on the date that is 18 months after the date of issuance of the Warrant.

After giving effect to the Offering, the Corporation now has 52,718,168 Common Shares issued and outstanding.

As a result of the Offering, A to Z SPI 4 Inc. now owns 327,334 Common Shares, $1,118,000 of convertible debentures and 3,776,294 Warrants. Assuming exercise of the convertible debentures and Warrants, A to Z SPI 4 Inc. would hold 8,096,485 or 15.4% of the issued and outstanding Common Shares of the Corporation.

About Intertainment Media Inc.

Intertainment Media and its divisions, develop traditional and new media marketing programs for clients to build Brand, Loyalty and Revenues.

Intertainment, with its wholly owned US subsidiary, Eye Rock Digital.com (http://www.eyerockdigital.com) has acquired interests and working partnerships with a number of new media, content and technology companies, including NO GOOD TV (http://www.ngtv.com), Trooker Inc. (http://www.trooker.com), and DC NetCast Media Inc.

Working with industry leading firms in the financial sector, real estate, insurance, media, telecommunications, entertainment, electronic gaming, travel, automotive and services sectors, the Company initiates proprietary business building solutions that increase customer activity and strengthen customer-vendor relationships.

The Company maintains a fully integrated creative, web, technology and graphics production facility to service its growing client base, and works with company owned and managed systems with vendors throughout North America and Europe. The Company developed proprietary technologies for managing these programs and manufacturing its offerings.

Intertainment Media Inc. is headquartered in Richmond Hill, Ontario, Canada. Its shares trade on the TSXV (symbol: INT).

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not undertake any duty to update any forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

Intertainment Media Inc. Corporate Inquiries
David Lucatch
CEO
(905) 763-3510
Website: http://www.intertainmentmedia.com

or

CHF Investor Relations
Jan Moir
Vice President
(416) 868-1079 ext. 237
Email: jan@chfir.com

or

AGORACOM
Email: INT@agoracom.com
Website: http://www.agoracom.com/IR/Intertainment