Intertainment Media Inc (ITMTF)

[Atlevan]

TORONTO, CANADA, February 4, 2011 – Intertainment Media Inc. ("Intertainment" or the
"Company") (TSXV:INT) is pleased to announce that it has completed the second tranche of its
previously announced non-brokered private placement of units ("Units"). Intertainment issued
17,529,325 Units at a price of $0.10 per Unit for gross proceeds of $1,752,932.50 in this second closing.
Each Unit issued pursuant to the private placement is comprised of one common share of Intertainment
(“Common Share”) and one common share purchase warrant (“Warrant”). Each Warrant issued pursuant
to this second tranche of the private placement entitles the holder to acquire one Common Share until
February 3, 2013. All securities issued in connection with this second tranche of the private placement
are subject to a four-month hold period, which expires on June 4, 2011.

The expiry is actually June 04, 2011..as per the NR dated Feb04.