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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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Friday, 29 May 1998 A.S.E Trading Symbol: YAL
 
Weird Homes - the Television Series!
 
VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") is pleased to make the following announcements:
 
Broadcast License Finalized
 
The Company has completed all formal documentation with the Life Channel for the Canadian broadcast license for Weird Homes. Pursuant to the terms of the broadcast license Life Channel will broadcast thirteen episodes of Weird Homes during prime time television viewing hours from September through December 1998.
 
Production Financing Completed
 
The Company has also finalized arrangements for all funding required for the production of the complete series of thirteen episodes.
 
Filming Underway
 
Production is presently underway with two film crews filming at numerous locations throughout North America. The initial episodes are due for delivery in July, 1998 for September broadcast.
 
International Distribution
 
The Company is in discussion with several international television distributors for the rights to distribute the complete Weird Homes series world-wide.
 
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