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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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Wednesday, February 23, 2000
CDNX Trading Symbol: YAL

 
VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") is pleased to make the following announcements:
 
BOYS AND THEIR TOYS CO-DEVELOPMENT DEAL
 
The Company announces that it has reached an agreement with New Shoes Productions to co-develop the television series Boys and Their Toys. Based on an original idea by Mike Collier, president of the Company, Boys and Their Toys will profile big boys� toys and go one step beyond�to the women behind the boys and a humorous look at the old question, "what is the difference between Venus and Mars?"
 
Pursuant to the terms of the agreement copyright and ownership of the series remain with the Company. New Shoes Productions will supply production, writing and hosting. New Shoes Productions is owned by well-known West Coast television journalists Anna Wallner and Kristina Matisic.
 
Yaletown Entertainment Corp. is an award winning television and movie producer listed on the Canadian Venture Exchange under trading symbol YAL.
 
For further information, please contact Mr. John Cumming, Chief Executive Officer, or Roger Kelly, Manager of Corporate Communications, 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 CANADIAN VENTURE 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