Clarification and Retraction of Prior Press Release

    TORONTO, April 12 /CNW/ - Musicrypt Inc. (TSX-V: MCT, OTC: MCYPF) issued
a press release earlier today regarding the commencement of research coverage
that inadvertently included a buy recommendation and price target from the
report. Market Regulation Services has advised that the inclusion of the price
target in the release does not comply with applicable regulations.
Accordingly, the press release is hereby retracted.

    About Musicrypt Inc.:

    Musicrypt's patented Digital Media Distribution System (DMDS) is the
leading secure B2B digital media delivery solution for the music industry.
DMDS is a web-based delivery system that pioneers secure digital file
distribution by incorporating biometrics, high-value encryption and
watermarking. DMDS replaces the physical distribution of musical recordings
and advertising to radio, media outlets, retailers and other authorized
recipients with more accountable, effective and less costly digital delivery
of broadcast quality media via the Internet. Musicrypt trades on the TSX
Venture Exchange (TSX-V) under the symbol MCT and in the U.S. under

    The statements contained in this release that are not purely historical
are forward-looking statements and are subject to risks and uncertainties that
could cause such statements to differ materially from actual future events or
results. Such forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. The TSX
Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

For further information:

For further information: please visit or call John
Heaven, President and CEO, at (905) 763-3553

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