IMAX and Warner Bros. Pictures dive into third original IMAX(R) 3D adventure

    IMAX(R) 3D Picture to Explore Impact of Global Warming

    LOS ANGELES, April 24 /CNW/ - Warner Bros. Pictures Inc. and IMAX
Corporation (Nasdaq:   IMAX; TSX: IMX) today announced that they will embark on
a third original IMAX(R) 3D co-production for release to IMAX(R) theatres in
2009. With the working title "Deep Sea-quel," the IMAX 3D picture will be made
by the same team behind the highly successful co-production of Deep Sea 3D,
which has already grossed $40 million in IMAX theatres around the world since
it premiered in March 2006. Deep Sea-quel will offer a uniquely inspirational
and entertaining way to explore the impact that global climate change has had
on ocean wilderness.
    The new IMAX 3D adventure will transport moviegoers to some of the most
exotic and isolated under sea locations on earth, including Southern
Australia, New Guinea and others in the Indo-Pacific region and allow them to
experience face-to-face encounters with some of the most mysterious and
stunning creatures of the sea.
    The picture will be shot by award-winning Director/Cinematographer Howard
Hall, produced by Toni Myers, executive produced by Graeme Ferguson, and
produced for Howard Hall Productions by Michele Hall. In addition to last
year's Deep Sea 3D, Hall, Ferguson and Myers were all part of the accomplished
filmmaking team behind IMAX's first underwater 3D adventure, Into The Deep,
which has grossed more than $70 million since its 1991 release.
    "The strong results from Into The Deep and Deep Sea 3D serve as a
testament that this is a subject matter that plays beautifully on IMAX
screens, and has time-tested appeal to moviegoers worldwide," said Dan
Fellman, president, domestic distribution, Warner Bros. Pictures. "We look
forward to working with Howard and Michele Hall once again, to transport
audiences to some of the most amazing undersea locations in the world."
    "Partnering with Warner Bros. Pictures helps us deliver the thrill of
Hollywood entertainment in our compelling original IMAX 3D productions, and
drive audiences to our theatre network well beyond opening weekend," said
IMAX's Co-Chairmen and Co-CEOs, Richard L. Gelfond and Bradley J. Wechsler.
"We are delighted to have this exciting 'seaquel' as the first in our 2009
film slate, and to once again work with one of the most successful large
format filmmaking teams in the industry."
    "IMAX has a long history of transporting people to places that they
normally can't get to and we are excited to continue the tradition with this
next exciting project from the talented team behind Deep Sea 3D," said Greg
Foster, IMAX's Chairman and President, Filmed Entertainment. "Through the
exceptional vision of Howard and Michele Hall, Toni Myers and the rest of this
award winning-filmmaking team, the picture is going to take viewers on an
inspiring, entertaining and educational underwater adventure that will provide
new insight into the effects of global warming."

    About IMAX Corporation

    IMAX Corporation is one of the world's leading entertainment technology
companies, specializing in digital and film-based motion picture technologies.
The worldwide IMAX network is among the most important and successful
theatrical distribution platforms for major event Hollywood films around the
globe, with IMAX theatres delivering the world's best cinematic presentations
using proprietary IMAX, IMAX(R) 3D, and IMAX DMR(R) technology. IMAX DMR is
the Company's groundbreaking digital remastering technology that allows it to
digitally transform virtually any conventional motion picture into the
unparalleled image and sound quality of The IMAX Experience(R). IMAX's
renowned projectors display crystal-clear images on the world's biggest
screens, and the IMAX brand is recognized throughout the world for
extraordinary and immersive entertainment experiences for consumers. As of
September 30, 2006, there were 280 IMAX theatres operating in 40 countries.
    IMAX(R), IMAX(R) 3D, IMAX DMR(R) , IMAX MPX(R) and The IMAX Experience(R)
are trademarks of IMAX Corporation. More information on the Company can be
found at

    This press release contains forward looking statements that are based on
management assumptions and existing information and involve certain risks and
uncertainties which could cause actual results to differ materially from
future results expressed or implied by such forward looking statements.
Important factors that could affect these statements include the timing of
theatre system deliveries, the mix of theatre systems shipped, the timing of
the recognition of revenues and expenses on film production and distribution
agreements, the performance of films, the viability of new businesses and
products, the outcome of the Company's current accounting review, risks
arising from potential material weaknesses in internal control over financial
reporting, the ability to satisfy the reporting covenant by the amended filing
deadlines, the extent and impact of the restatement of our financial
statements, the outcome of the appeal of the NASDAQ Staff Determination letter
and fluctuations in foreign currency and in the large format and general
commercial exhibition market. These factors and other risks and uncertainties
are discussed in the Company's Annual Report on Form 10-K for the year ended
December 31, 2005.

For further information:

For further information: Media: IMAX Corporation, New York, Sarah
Gormley, (212) 821-0155,; Warner Bros. Pictures, Los
Angeles, Andrea Marozas, (818) 954-4849,;
Business Media: Sloane & Company, New York, Whit Clay, (212) 446-1864,; Investors: Integrated Corporate Relations, Amanda Mullin,
(203) 682-8243,; Entertainment Media: Newman &
Company, Los Angeles, Al Newman, (310) 278-1560,

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