Agoracom

Highlights: • Launch of Eye Rock Digital Network • Investment in No Good TV (www.ngtv.com) • Video view milestones achieves • Deals reached with major advertisers • Closing of Financings Toronto, Canada, May 30th, 2007 – Intertainment Media Inc. (“Intertainment” or the “Company”), symbol “TSXV:INT”, today announced its unaudited consolidated financial results for the third quarter ending March 31, 2007. The unaudited consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) for this period have been filed on SEDAR and can be viewed at www.sedar.com. For the third quarter ending March 31st, 2007, Intertainment generated consolidated revenue of $431,681, a small decrease compared to the $446,459 for same period in the previous year. Gross margins for the quarter were 18.1%, a substantive increase over the previous year’s 1.8%. The net loss for the quarter was $925,513, as compared to a loss of $603,546 in the same period for the previous year. Stock based compensation for the period was $53,438 and development costs were $304,740. For the 9 months ended March 31, 2007, the Company has substantive year over year revenue growth. Total revenue for the nine month period was $2,795,006, an 82% increase for the same period in the previous year. The net loss for the nine month period was $1,155,967, as compared with $1,030,232 for the previous year. The primary reason for the increase in the loss was due to the costs associated with the development of the company’s new media platform. In the past quarter, the Company’s focus has clearly been on the launch of its proprietary online platform, Eye Rock Digital.com and the investment and beta launch in Canada of No Good TV (www.ngtv.com). This has taken a substantive amount of resources, which the company believes will provide strong returns for the future. One of the contributing factors in the development and launch of the Eye Rock Digital Network, is that the company had reviewed the market opportunities and discontinued operations in the loyalty gaming sector due to its clients altering their business strategy with the change in legislation in the United States. The Company has a receivable in the amount of approx. $1.5MM relating to loyalty gaming, and is entering into an agreement which will provide for the collection of these funds through future advertising revenues under a performance agreement. Eye Rock Digital.com continues to grow at an accelerated rate and has had over 65 Million video views during the past quarter, and continues to attract major advertisers and consumers. The Company also closed a series of convertible debentures and equity financings during the quarter to assist in providing working capital for its new media platform and investment into NGTV.com “In this past quarter, Intertainment has demonstrated that its evolved business model has opportunities both with advertisers and consumers. The attraction of major advertisers and over 65 million video views has taken the new media platform from an early start up into a recognized industry leader in a very short period of time,” said Mr. David Lucatch, President and CEO of Intertainment Media Inc. About Intertainment Media Inc. The Company and its divisions, develop traditional and new media marketing programs for clients to build Brand, Loyalty and Revenues. 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). The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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. CONTACT: Corporate Inquiries David Lucatch CEO 905-763-3510 www.intertainmentmedia.com Investor Relations CHF Investor Relations Jan Moir, Vice President 416-868-1079 ext. 237 jan@chfir.com AGORACOM INT@Agoracom.com www.agoracom.com/IR/intertainment