China YouTV Corp.
OTC Bulletin Board : CYTV

March 21, 2007 13:40 ET

China YouTV Becomes the First Chinese On-Line Video Site Listed on U.S. Stock Market

BEIJING, CHINA--(CCNMatthews - March 21, 2007) - China YouTV Corporation (OTCBB:CYTV), a publicly traded company that recently signed a Joint Venture Agreement with HuaJu NetMedia, a Chinese on-line video site announced that China YouTV has become the first Chinese on-line video site listed on the U.S. Stock Market.

CnBoo.com is the online video site of HuaJu NetMedia, the Joint Venture partner of China YouTV. CnBoo.com was established in May, 2005 as one of the earliest video sharing sites in China, and since then, it has maintained its market leadership in China.

The web site is a video viewing site and social networking site that allows users to create their own profiles, post videos, and comment on each other's posts. It offers short-form videos that are predominantly user-generated or, in many cases, professionally produced videos that have been user "edited." Everyone can watch videos on CnBoo.com. People can see first-hand accounts of current events, find videos about their hobbies and interests, and discover the quirky and unusual.

The free-to-post and free-to-view CnBoo.com, which is under two years old, already has over 1.2 million members and over 1 million pieces of original digital video (DV) shorts. "But compared to YouTube, the world's No.1 Online Video site, which has almost 20 million visitors each month, CnBoo.com still has a lot of room to grow." Said Mr. Gao, the President of the Company.

To access to this Chinese web site, simply go to: www.cnboo.com or go to www.chinayoutv.com, choose "Continue to CnBoo Chinese Site."

About China YouTV Corporation:

The Company has signed a Definitive Agreement with HuaJu NetMedia to set up a Joint Venture in China on March 16, 2007. The Company has changed its name to China YouTV to reflect its new business operations: the fast growing video sharing web site market in China, and at the same time, to continue its exploration of mineral properties in British Columbia, Canada.

Forward-looking statements

This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.

The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.

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