FRV Média Inc.

FRV Média Inc.

December 20, 2010 10:31 ET

FRV Media Inc. Announces the Addition of a Director and Approval for a Consolidation

MONTREAL, QUEBEC--(Marketwire - Dec. 20, 2010) - FRV Media Inc. (the "Corporation") (TSX VENTURE:FRV.H) announces the appointment of Mr. Paul Hanna as a director of the Corporation. Prior to the election Mr. Brendan Dunn voluntarily withdrew his candidacy as a director. The Corporation thanks Mr. Dunn for his willingness to serve as a director.

The Corporation also announces that it has received shareholder approval to consolidate its common shares at a ratio of up to 21 to 1, the exact ratio to be determined at the discretion of the board of directors. Currently, the Corporation has 94,583,303 common shares outstanding. Post-consolidation, there would be 4,503,966 (or more) shares outstanding, depending on the ultimate ratio selected by the board of directors. The purpose of the consolidation would be to increase the share price so that the Corporation is able to raise funds via a potential private placement. The consolidation is subject to approval by the TSX Venture Exchange.


Hubert Marleau, Chairman and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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