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News Release

YALETOWN ENTERTAINMENT CORP.
1431 Howe Street
Vancouver B.C. V6Z 1R9
Tel: (604) 669-3543
Fax: (604) 669-5149
CUSIP# 984909101
Rule 12g3-2(b)# 82-4336
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Tuesday, December 3, 2002 
T.S.X. Venture Exchange Trading Symbol: ECY

VANCOUVER, B. C., CANADA ------ John Cumming, Chief Executive Officer of Yaletown Entertainment Corp. (the �Company�) is pleased to make the following announcement:

STOCK OPTIONS GRANTED

The Company will grant up to 1,100,000 incentive stock options to directors and employees, such options to be exercisable over a five year term at a price of $0.25 per share.

These stock options are subject to required regulatory approvals.

John Cumming, C.E.O.

THE TSX 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