Multiplied Media announces Stock Option grant



    CALGARY, June 23 /CNW/ - Multiplied Media Corporation, a Calgary-based
provider of local search services, is pleased to announce they have granted
2,125,000 Stock Options to reward and incentivise personnel.
    John Shillington, Sr. Vice President, Technology & Operations, Tony
Bristol, Sr. Vice President, International Business Development and Clare
McMullen, Vice President, Operations received a total of 575,000 Stock
Options. An additional 1,550,000 Stock Options were granted to the
development, marketing and administration teams, including 1,000,000 Options
voluntarily cancelled by John Lowe, CEO and Andrew Osis, CFO, for re-issuance
to those teams.
    The Stock Options, granted pursuant to the Stock Option Plan dated
June 3, 2008, have an exercise price of $0.10 with an expiry of five years.

    About Multiplied Media Corporation
    ----------------------------------
    Multiplied Media Corp. (www.multiplied.com) has developed Poynt
(www.mypoynt.com), the first multimedia local search service available over
Microsoft's Windows Live Messenger and AOL's AIM instant messaging networks.
Through agreements with Yellow Pages Group in Canada, Idearc Media
(Superpages.com) in the United States and t-info and Infobel in Europe, Poynt
connects consumers with the facility, retail and consumer goods information
that assists decision making and purchasing. Headquartered in Calgary, AB,
Canada, Multiplied Media trades on the TSX Venture Exchange under the symbol
MMC.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.





For further information:

For further information: Andrew Osis, CFO & Director, Multiplied Media
Corporation, (403) 313-3719, andrew.osis@multiplied.com; MEDIA CONTACT:
Margaret Glover-Campbell, Director, Communications, Multiplied Media
Corporation, (403) 313-3719, margaret.glover-campbell@multiplied.com

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MULTIPLIED MEDIA CORPORATION

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