JumpTV announces completion of US$100,000,000 common share offering


    /THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES
    NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

    TORONTO, Feb. 23 /CNW/ - JumpTV Inc. ("JumpTV" or, the "Company")
(AIM:JTV) (TSX:JTV) announced today that it has completed the previously
announced public offering (the "Offering") of 13,043,479 of its common shares
the ("Common Shares") with a syndicate of underwriters led by joint
bookrunners Canaccord Capital Corporation and Morgan Stanley Canada Limited
and including Paradigm Capital Inc., Loewen, Ondaatje, McCutcheon Limited and
GMP Securities L.P. (collectively, the "Underwriters"). Panmure Gordon
(Broking) Limited provided UK and European capital markets advice in addition
to advice received by JumpTV from the Underwriters. The TSX has conditionally
approved the listing of the Common Shares subject to the Offering and
application has been made for admission of the Common Shares for trading on
AIM, with admission to AIM expected to occur on Monday, February 26, 2007.
    Gross proceeds of the Offering are C$117,391,311 (US$100,000,000). The
Company has granted the Underwriters an over-allotment option (the
"Over-Allotment Option"), exercisable for a period of 30 days following the
closing of the Offering, to purchase up to 1,956,521 additional common shares.
If the Over-Allotment Option is exercised in full, then JumpTV will receive
aggregate gross proceeds of approximately C$135,000,000 (US$115 million).

    About JumpTV

    JumpTV (AIM: JTV) (TSX: JTV) is the world's leading subscription-based
broadcaster of ethnic television over the Internet (as measured by number of
channels). With rights to broadcast 270 channels from over 70 countries,
JumpTV delivers its subscribers full-screen news, sports and entertainment
content on a real-time basis from all corners of the globe. JumpTV has
subscribers in over 90 countries who view channels on the JumpTV online
network via high-speed Internet connections on their home computers, laptops,
Internet-enabled televisions and mobile phones.
    This press release is not for publication or distribution or release in
the United States of America (including its territories and possessions, any
State of the United States of America and the District of Columbia), the
Republic of Ireland, the Republic of South Africa, Australia or Japan. The
information contained herein does not constitute or form part of an offer or
solicitation of an offer to purchase or subscribe for securities for sale in
the United States, the Republic of Ireland, the Republic of South Africa,
Australia or Japan or any other jurisdiction. The securities referred to
herein have not been and will not be registered under the United States
Securities Act of 1933, as amended and may not be offered or sold in the
United States unless registered or pursuant to an exemption from such
registration. No public offering of securities is being made in the United
States.
    With respect to the United Kingdom (the "U.K.") the proposed offering is
only being and may only be made to and directed at persons in the U.K. who are
(a) a "Qualified investor" within the meaning of Section 86(7) of the
Financial Services and Markets Act 2000 of the U.K. as amended from time to
time ("FSMA") and (b) within the categories of persons referred to in Article
19 (Investment professionals) or Article 49 (High net worth companies,
unincorporated associations, etc.) of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 of the U.K. ("Financial Promotion
Order") (all such persons together being referred to as "relevant persons").
The common shares are only available to, and any invitation, offer or
agreement to subscribe, purchase or otherwise acquire such common shares will
be engaged in only with, relevant persons in the UK.
    The distribution of this announcement in certain jurisdictions may be
restricted by law and persons into whose possession any document or other
information comes should inform themselves about and observe any such
restriction. Any failure to comply with such restrictions may constitute a
violation of the securities laws of any such jurisdiction.
    Shares in JumpTV have not been and will not be registered under the
applicable securities laws of Australia or Japan and may, subject to certain
exemptions, not be offered or sold within Australia or Japan or to, or for the
account or benefit of, citizens or residents of Australia, or Japan.

    Forward-Looking Statements

    Certain statements herein may constitute forward-looking statements,
including those identified by the expressions "may", "will", "should",
"could", "anticipate", "believe", "plan", "estimate", "potential", "expect",
"intent" and similar expressions to the extent they relate to the Company or
its managements. These statements reflect the Company's current expectations
and are based on information currently available to management. These
forward-looking statements are subject to a number of risks, uncertainties,
assumptions and other factors that could cause actual results or events to
differ materially from current expectations, including the matters discussed
under "Risk Factors" contained in the Company's prospectus (admission
document) dated August 1, 2006 and the matters discussed under "Risk Factors"
contained in the Company's final short form prospectus dated February 19,
2007. These forward-looking statements are made as of the date hereof, and the
Company assumes no obligation to update or revise them to reflect new events
or circumstances.



For further information: G. Scott Paterson, Chairman & CEO, JumpTV Inc.,
T: (416) 368-6464, paterson@jumptv.com; Alex Mackey, Catullus Consulting, T:
+44 (0) 20 7736 2938, alex.mackey@catullusconsulting.com; NOMAD: Canaccord
Adams, Chris Bowman, T: +44 (0) 20 7050 6500, Chris.Bowman@CanaccordAdams.com