Multiplied Media Corporation announces up to $750,000 non-brokered private placement



    /NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR
    DISSEMINATION TO U.S. NEWSWIRE SERVICES/

    CALGARY, June 16 /CNW/ - Multiplied Media Corporation (TSX-V - MMC) (the
"Company") announced today that, pending regulatory approval, the Company will
complete a non-brokered private placement of up to 15,000,000 common shares of
the Company at a subscription price of $0.05 per common share for gross
proceeds of up to $750,000 (the "Offering").
    The Company will use proceeds of the Offering to implement the business
plan of the Company and for general working capital purposes.
    All of the common shares issued pursuant to the Offering will be subject
to a four-month hold period from the date of distribution. The Offering is
expected to close on or about June 27, 2008.

    About Multiplied Media Corporation
    ----------------------------------
    Multiplied Media Corp. (www.multiplied.com) has developed Poynt
(www.mypoynt.com), a local search service available over Microsoft's Windows
Live Messenger, AOL Instant Messenger and the BlackBerry. Through agreements
with Yellow Pages Group, Idearc Media (Superpages.com) and Cinema-Source,
Poynt connects consumers with the retail, consumer goods and event information
that assists decision making and purchasing. Headquartered in Calgary, AB,
Canada, Multiplied Media trades on the TSX Venture Exchange under the symbol
MMC.

    Forward Looking Statements
    --------------------------
    Certain statements in this release, other than statements of historical
fact, may include forward-looking information that involves various risks and
uncertainties. There can be no assurance that such forward-looking statements
will prove to be accurate. Actual result and future events could differ
materially from those anticipated in such statements. These and all subsequent
written and oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and expressly qualified in
their entirety by this notice. The Company assumes no obligation to update
forward-looking statements should circumstances or management's estimates or
opinions change, other than as required pursuant to applicable securities
laws.

    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

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MULTIPLIED MEDIA CORPORATION

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