Agoracom

TORONTO, CANADA, July 26, 2007- Intertainment Media Inc. (“Intertainment” or the “Company”) (TSXV:INT) announced today that it has filed a preliminary short form prospectus with the securities regulatory authorities in Alberta, British Columbia and Ontario in connection with a best efforts offering of units (“Units”) of the Company (the “Offering”). Each Unit will consist of one common share (“Common Share”) of the Company and one half of one common share purchase warrant (each full warrant a “Warrant”).  The net proceeds of the offering are for working capital and general corporate purposes. 

The Offering will be led by Paradigm Capital Inc.  Final pricing, determination of the number of Units to be sold pursuant to the Offering and the terms of the Warrants will occur immediately prior to the filing of the (final) short form prospectus in respect of the Offering. 

The Offering is subject to regulatory approval including approval of the TSX Venture Exchange.

This press release does not constitute an offer of securities for sale in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States, unless an exemption from registration is available.

About Intertainment Media Inc.

Intertainment Media Inc. enables companies to leverage their brand and build revenues via new media applications and traditional core marketing platforms.

The Company’s new media programs focus on delivering broadband and wireless video entertainment solutions that provide advertisers and marketing firms with the ability to effectively reach and interact with their core audiences.  

Intertainment Media Inc., together with its wholly owned, new media subsidiary Eye Rock Digital Inc. has acquired interest and working partnerships with a number of new media, content and technologies companies, including NO GOOD TV (www.ngtv.com), Trooker Inc. (www.trooker.com) and DC Netcast Media Inc.

The Company’s traditional core marketing platforms work with industry leading firms in the financial sector, real estate, insurance, media, telecommunications, entertainment, electronic games, 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 has developed Intellectual Property (IP) solutions for managing these programs, technologies and manufacturing processes.

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  

AGORACOM

INT@Agoracom.com 

www.agoracom.com/ir/intertainment