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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, January 22nd, 1999 A.S.E Trading Symbol: YAL
 
Weird Homes Awarded GOLD WORLDMEDAL By The New York Festivals!
 
VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") is pleased to announce that its television series Weird Homes has been awarded the GOLD WORLDMEDAL for best documentary series in the Biography/Profiles category by the prestigious 41st New York Festivals.
 
"To be granted a first place award by a distinguished panel of international judges is a huge honour," said Yaletown C.E.O. John Cumming. "Weird Homes was selected from amongst 2,320 entries from over 40 countries. To achieve both audience support and now critical acclaim makes us very proud. We wish to again express our thanks to The Life Network for their continuing support for the series, to our host Arthur Black and to all of our the crew that made Weird Homes the quality series that it is."
 
Elegant but eccentric, batty but beautiful, Weird Homes is a thirteen episode documentary series of one-half hour shows featuring some of North Americas most peculiar homes and the people who built and live in them.
 
The GOLD WORLDMEDAL will be accepted on behalf of Yaletown by associate producer Eva Wunderman at the awards ceremony in New York. The awards night will be attended by over one thousand people from the television industry including broadcasters, producers, distributors and directors.
 
"Our third place Neilsen rating on The Life Network together with a GOLD WORLDMEDAL makes the prospect of additional episodes very real. We are sure the attention this award will bring to the series will assist in our international marketing effort," said Mr. Cumming.
 
Weird Homes is distributed internationally by Great North International Inc.
 
Yaletown Entertainment Corp. is a Canadian television and movie producer listed on the Alberta Stock Exchange under trading symbol YAL.
 
For further information, please contact Mr. John Cumming, Chief Executive Officer, at telephone: (604) 688-0118 or check out our web site at www.yaletownentertainment.com.
 
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