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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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Tuesday, April 1, 1998 A.S.E Trading Symbol: YAL
 
Investor Relations Agreement
 
VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") announces that the Company has entered into an investor relations engagement agreement with Aberdeen Capital Strategies Corp. pursuant to which Aberdeen Capital Services Corp. will receive $2,000 per month and 100,000 incentive stock options. The agreement is for a one year term subject to termination upon 30 days notice. The engagement agreement and the incentive stock options are subject to Alberta Stock Exchange acceptance.
 
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 tel: (604) 688-0118.
 
John C. R. Cumming
 
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