TORONTO, CANADA--(Dec. 4, 2009) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT) announced today that it has extended the term of 1,727,250 warrants (the "Warrants") issued pursuant to its private placement offering of debenture units which closed on December 6, 2007. The Warrants were set to expire two years from the date of issuance. The term of each Warrant has been extended to December 31, 2009. The exercise price of the Warrants will remain at $0.30.

About Intertainment

Intertainment Media Inc. (www.intertainmentmedia.com) is a conventional and new media company with an experienced and innovative team of professionals focused on delivering leading edge technology and marketing solutions.

Intertainment develops and invests in strategic programs that enable clients to increase their branding and loyalty relationships with their consumers while focusing on increased revenue generation. Intertainment owns, operates and invests in high value content, traffic management, advertising and social networking solutions including, Eye Rock Digital (www.eyerockdigital.com) No Good TV (www.ngtv.com), Trooker Inc. (www.trooker.com), and Itibiti Systems (www.intertainmentmedia.com/itibiti/presentation.html). Intertainment Media Inc. is headquartered in Richmond Hill, Ontario, Canada. The Company is listed on the Toronto Venture Exchange (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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Corporate Inquiries:
Intertainment Media Inc.
David Lucatch, CEO
905-763-3510

or

Investor Communications:
Buchalter Consulting

1-866-631-6537

Stan.Buchalter@BuchalterConsulting.ca

or

Online Investor Relations Hub:
AGORACOM



INT@Agoracom.com
www.agoracom.com/IR/intertainment

Neither the 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.