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News Release

YALETOWN ENTERTAINMENT CORP.
407 - 535 Howe Street,
Vancouver, B. C. V6C 2Z4
Tel: (604) 688-0118
Fax: (604) 688-3348
CUSIP# 984909101
Rule 12g3-2(b)# 82-4336
 
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March 27, 1997 A.S.E Trading Symbol: YAL
 
LOGANWORKS DEAL TERMINATED
 
VANCOUVER, B. C., CANADA --- Yaletown Entertainment Corp. announces that its December 31, 1996 agreement with Bob Logan and Loganworks Ltd. has terminated, the conditions precedent having not been satisfied.
 
Yaletown Entertainment Corp. is a Canadian film producer with diversified interests in mineral resource exploration in South America. The company is listed on the Alberta Stock Exchange under trading symbol YAL.
 
For further information, please contact Mr. John Cumming, Chief Executive Officer, at (604) 688-0118.
 
John C. R. Cumming, Director, Chairman & C.E.O.

 
THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE.
 
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Yaletown Entertainment Corporation, Vancouver B.C. Canada
tel: (604) 669-3543 - Executive/Production Offices
Canadian Venture Exchange: ECY