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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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Thursday, 16 December 1999 A.S.E Trading Symbol: YAL
 
VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") is pleased to make the following announcements:
 
THREE LEO NOMINATIONS!
 
The Company's award winning television series Weird Homes has been nominated for three 1999 Leo Awards.
 
In the category Informational Television Series Weird Homes, episode titled Inspired by Pain, was nominated for Best Director (Eva Wunderman), Best Screenwriter (Arthur Black) and Best Cinematography (Doug Lupton/Robert C. Gibson).
 
The Company congratulates its nominees!
 
Weird Homes was previously awarded the GOLD WORLDMEDAL for Documentary Series at the prestigious New York Television Festival.
 
1999 PRODUCTION SCHEDULE
 
The Company also announces that The Life Network has agreed to substantially increase the amount to be paid for the forthcoming 26 episodes. Pre-production on these new episodes commenced May 1, 1999 with full production scheduled to begin May 17, 1999.
 
SURRENDER OF OPTIONS
 
Former director Lee Stoiser voluntarily surrendered his 50,000 incentive stock options concurrently with his resignation on April 18, 1999.
 
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