Online Gaming Platform

Catalyst Media Group PLC
29 June 2006


29 June 2006

               Catalyst Media Group plc ('CMG' or the 'Company')

                             Online Gaming Platform

CMG today announces that it is launching an on-line gaming platform complete
with a suite of fixed odds and exclusive head to head games. CMG has acquired an
exclusive five year licence from YooMedia plc ('YooMedia') for the head to head
version of Tringo, the compelling interactive game that is a combination of
Tetris and Bingo and has agreed, subject to contract, to acquire the entire
issued share capital of Spoof.com Ltd which has developed an on-line, head to
head version of the traditional pub game, 'Spoof'. The offering will also
include fixed odds games such as Roulette, Keno and Dice games. CMG has also
acquired a 5 year licence from YooMedia for the Engage technology platform which
will enable gamers to play head to head cash or prize based games against each
other across mobile phone, pc and TV platforms. Under the agreement YooMedia
will migrate the Spoof and Tringo products onto the Engage platform as well as
providing back office, payment fulfilment, gaming licence, customer support and
technology facilities.

Paul Duffen, CEO of CMG commented 'The head to head gaming sector is an under
exploited and potentially lucrative market with exciting growth prospects. This
initiative combines our experience in the distribution of on-line content with
our recent focus on the gaming and betting industry as reflected in our
acquisition of a 22.16% stake in SIS last September. At the same time we are
entering into a partnership with YooMedia which brings together their world
leading interactive technology and our expertise in marketing and distribution
to portals, ISP's and on-line communities.'

The services and licences provided by YooMedia to CMG will cost a total of
£2,000,000.07, which will be satisfied by the issue of 44,444,446 million new
CMG shares at 4.5 pence per share. 32.78 million shares will be issued
immediately and the remaining 11.66 million shares will be issued once the
integration work is completed. 29,629,630 of the new shares will be subject to
lock-in arrangements for a period between three and six months and subject to
orderly market arrangements there after.

CMG acquired 9.09% of Spoof.com Ltd in November 2005 for £25,000. The agreed
acquisition of the remaining 90.91% is being valued at £2,272,749.84, which will
be satisfied by the issue of 50,505,552 new CMG shares at 4.5 pence per share.
There will be lock-in arrangements on all shareholders who currently own more
than 10% of Spoof.com Ltd in that they can only sell 50% of the shares they
acquire in CMG during the first six months following the transaction subject to
orderly market arrangements.

On the 30th January 2006 CMG announced a post tax loss of £7.3 million for the
12 month period to 31st October 2005 and a change of accounting period to 31st
March 2006. The Company intends to announce its preliminary results for the 17
month period to 31st March 2006 shortly and expects to report that the last 5
months of the period produced a post tax profit in the region of £1 million.



                      This information is provided by RNS
            The company news service from the London Stock Exchange