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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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Monday, January 8, 2001
CDNX Trading Symbol: ECY

 
VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") is pleased to make the following announcement:
 
Weird Homes International Award Nomination!
Weird Wheels Season Premiere!
 
VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") is pleased to make the following announcements:

 
WEIRD HOMES SECOND NOMINATION!

 
The Company is pleased to announce that its successful television series Weird Homes has been nominated for a WorldMedal at the prestigious New York Festivals, one of the largest international television festivals in the world. Weird Homes will compete as a finalist in the category of Best Documentary Series, Biography/Profiles. Winners will be announced at the gala awards show at the New York Marriott Marquis in late January.

 
"We are very pleased to receive this second nomination from amongst the thousands of qualified international entrants in all categories," said Yaletown president Mike Collier. "Our first nomination won the Gold medal in the same category last year so we are very hopeful of a medal standing this season. Congratulations and, again, our thanks to our hard working production teams and to host Arthur Black."

 
Weird Homes is a multiple award winning series currently in its third season.

 
WEIRD WHEELS PREMIERES!

 
The Company is also pleased to announce that its new series Weird Wheels will premiere in Canada on the Life Network on Thursday January 18th at 7:30 pm Pacific Time (10:30 pm Eastern Time) and 10:30 pm Pacific Time (1:30 am Eastern Time). Weird Wheels will also be broadcast Saturdays at 1:00 pm Pacific time (4:00 pm Eastern Time) and 4:00 pm Pacific Time (7:00 pm Eastern Time).

 
Yaletown Entertainment Corp. is an award winning television and movie producer listed on the Canadian Venture Exchange under trading symbol ECY.
 
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 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