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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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August 23, 1999 A.S.E Trading Symbol: YAL
 
VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") is pleased to make the following announcement:
 
Weird Wheels - Television Series Development Deal
 
The Company has received confirmation from Alliance Atlantis Broadcasting that Life Network will participate financially with the Company in the development of 13 episodes for a new television series Weird Wheels. The development package will include detailed production budgets, detailed financing plan, resumes of key creative personnel, description of opening titles, music and graphics, model show treatment, episodic outline of 13 episodes and the production of a mini pilot. Life Network will also receive the right to acquire the Canadian broadcast license for the series.
 
The Company is presently in the second season of production of the critically acclaimed, award winning documentary series Weird Homes, also for Life Network. The second season, comprised of 26 episodes, is expected to commence airing in September, 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