DHX Media Share Issuance for imX Earn-out



    www.dhxmedia.com
    AIM and TSX: DHX

    HALIFAX, Oct. 8 /CNW/ - DHX Media Ltd (AIM & TSX ticker: "DHX") ("the
Company"), a leading independent international producer and distributor of
television programming and interactive content is pleased to announce the
issue of 50,664 common shares pursuant to satisfaction of certain performance
criteria having been achieved by imX Communications Inc., a recently acquired
business and now a wholly owned subsidiary of the Company.
    The aggregate additional consideration payable upon the satisfaction of
certain performance criteria having been achieved by the imX Communications
business will be $75,000, to be satisfied by the issue of 50,664 common shares
of the Company. 16,888 of these new common shares will be issued to J. William
Ritchie, a director. An application has been made to admit the 50,664 new
common shares to trading on AIM effective 13 October 2008. Subsequent to the
issue of these common shares, the Company will have a total of 42,834,001
common shares in issue.
    As previously announced on 21 July 2008 in relation to the imX
Communications acquisition, J. William Ritchie, a director, will receive a sum
of up to $75,000 in aggregate to be satisfied by the issue of shares in the
Company. At closing, Mr J William Ritchie was issued 33,776 common shares of
the Company at a price of $1.4803 each and was entitled to up to a further
16,888 common shares in the Company at a price of $1.4803 each, subject to
certain performance criteria having been achieved by the imX Communications
business. The Company announces that such performance criteria has been
achieved and J. William Ritchie has now been issued a further 16,888 common
shares in the Company at a price of $1.4803 each. J. William Ritchie now holds
in aggregate 564,218 common shares in the Company.

    About DHX Media Ltd.

    DHX Media Ltd. is a leading international producer and distributor of
television programming and interactive content with an emphasis on children,
family and youth markets. DHX Media Ltd. shares trade on AIM and are listed on
the TSX, the Toronto Stock Exchange. DHX Media's production companies, Decode
Entertainment, Halifax Film and Studio B Productions, are the producers or
co-producers of 14 original television series and theatrical releases
currently commissioned for production and maintain a growing library of over
2,200 half-hours of mostly children and youth-oriented television productions.
www.dhxmedia.com

    About imX Communications Inc.

    imX Communications Inc., is one of Canada's leading producers and
co-producers of international quality feature films. In continuous business
and production since 1985, imX Communications Inc., brings an extensive
background and expertise to the DHX Media Ltd group of production companies.
www.imxcommunications.com

    Disclaimer

    Certain statements herein may constitute forward-looking statements,
including those identified by the expressions "may", "will", "should",
"could", "anticipate", "believe", "plan", "estimate", "potential", "expect",
"intend" and similar expressions to the extent they relate to the Company or
its Management. 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 dated May 12, 2006.
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.
    %SEDAR: 00023380E




For further information:

For further information: DHX Media Ltd.: David A. Regan, EVP, Corporate
Development & IR, (902) 423-0260; AIM Nominated Advisor: Grant Thornton UK
LLP: Gerry Beaney; Troy MacDonald; +44 (0) 20 7383 5100

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DHX Media Ltd.

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