MEGA Brands confirms satisfactory conclusion to legal matters - Lawsuit against Lego withdrawn

MONTREAL, Jan. 20, 2012 /CNW Telbec/ - MEGA Brands Inc. (TSX: MB) announced today that it has withdrawn its legal action in the U.S. District Court of the Central District of California against Lego Juris A/S and Lego Group (collectively ''Lego''). This voluntary decision was made after MEGA Brands received representations including formal confirmation that U.S. Customs and Border Protection will not interfere with the importation of any MEGA Brands products into the United States.

About MEGA Brands
MEGA Brands Inc. is a trusted family of leading global brands in construction toys, games & puzzles, arts & crafts and stationery. They offer engaging creative experiences for children and families through innovative, well-designed, affordable and high-quality products. Visit http://www.megabrands.com for more information.

The MEGA logo, Mega Bloks, Rose Art, MEGA Puzzles, MEGA Games and Board Dudes are trademarks of MEGA Brands Inc. or its affiliates.

Forward-Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking information" within the meaning of applicable Canadian securities laws. These statements represent the Corporation's intentions, plans, expectations and beliefs. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking information and statements are based on a number of assumptions and involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by them, including, but not limited to risks, assumptions and uncertainties described in the Corporation's MD&A for the year ended December 31, 2010, which are available at www.sedar.com and on the Corporation's Web site. The Corporation disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law.

SOURCE MEGA BRANDS INC.

For further information:

Mark P. Girgis
Vice President, Legal Affairs and Corporate Secretary
MEGA Brands Inc.
Tel: (514) 333-5555 ext. 2897

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MEGA BRANDS INC.

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