OTCBB ALERTS

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CHMD NEWS China Media Group Corporation (OTC BB: CHMD)
("CMG") announces today that it received the 1st funding tranche of USD
$250,000 as part of the Stock Purchase Agreement entered into and announced
on February 13, 2006. The 1st tranche is part of an agreement entered into
with a private investor to place five USD $250,000 tranches over the next 8
months.



Mr. Con Unerkov, Chairman of China Media Group, explained, "This is the
first of five equal USD $250,000 tranches that the Company expects to
receive over the next 8 months. It shows a great belief in our vision and
strategy moving forward. The money allows the Company to strengthen its
balance sheet and to further aggressively pursue the Company's activities."





The Company expects to receive its next tranche in approximately 60 days.



About China Media Group Corporation:



China Media Group Corporation (OTC BB: CHMD) is a "Next Generation"
advertising / media company focusing on the very lucrative Chinese market.
It has offices in China, Hong Kong and Texas, USA. The company was
incorporated in Texas on October 1, 2002. The Company is currently
entering the fast-growing advertising industry in China and plans to expand
its offices in key cities such as Shanghai, Guangzhou and Shenzhen. The
Company will also cooperate with strategic partners in other cities to
serve our clients for nationwide advertising coverage.



Additional information concerning other areas and topics of China Media
Group can be found on our web site at http://www.chinamediagroup.net



A number of statements contained in this Report are forward-looking
statements that are made pursuant to the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. Certain written
statements in this press release constitute "forward-looking statements" as
defined under the Private Securities Litigation Reform Act of 1995. Words
or phrases such as "should result," "are expected to," "we anticipate," "we
estimate," "we project," "we intend," or similar expressions are intended
to identify forward-looking statements. These statements are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those expressed in any forward-looking statements. These
risks and uncertainties include demand for our services, product
development, our ability to maintain acceptable margins and control costs,
the impact of federal, state and local regulatory requirements on our
business, the impact of competition and the uncertainty of economic
conditions in general, including the timely development and market
acceptance of products, competitive market conditions, successful
integration of acquisitions, the ability to secure additional sources of
financing, the ability to reduce operating expenses, and other factors.
The actual results that the Company achieves may differ materially from any
forward-looking statements due to such risks and uncertainties. Readers
are cautioned not to place undue reliance on forward-looking statements,
since the statements speak only as of the date that they are made, and we
undertake no obligation to publicly update these statements based on events
that may occur after the date of this document.



Contact:
China Media Group Corporation
Cedar Hill, Texas
[e-mail]