ISee3D Inc.
TSX VENTURE : ICT.H

ISee3D Inc.

April 24, 2007 11:44 ET

ISee3D Inc. Announces Increase in the Maximum Amount of Its Proposed Private Placement

MONTREAL, QUEBEC--(CCNMatthews - April 24, 2007) - ISee3D Inc. ("ISee" or the "Corporation") (TSX VENTURE:ICT.H) announces its intention to increase the maximum amount of its proposed private placement (which is to occur in conjunction with its proposed reactivation as a TSX-Venture issuer).

On April 16, 2007, ISee originally proposed a private placement in the maximum amount of $1.3 million. Due to the interest received, however, the Corporation will now apply to the TSX Venture Exchange (the "Exchange") to increase the aggregate amount of the proposed private placement to $1.5 million (or 5,000,000 Units at CAD$0.30 per Unit).

The gross proceeds of the Private Placement will be used as general working capital and for the commercialization of the Corporation's existing patents and the implementation of its new business model (as described in the Corporation's Press Release of April 16, 2007).

ISee also takes this opportunity to confirm that, in the event of its acceptance of solicitations from licensed brokers, the Corporation will pay the subject broker a cash commission to be negotiated on a case-by-case basis but not to exceed 10% of the purchase price of the Units placed by such broker.

Each Unit issued pursuant to the Private Placement will consist of one common share and one common share purchase warrant. The common shares issued (and those issued on exercise of the warrants) will have a hold period of four months from the closing of the Private Placement.

Each full warrant will entitle the holder to purchase one additional common share at a price of $0.50 per share for a period of eighteen months after the closing of the private placement. The Corporation, however, reserves the right, but not the obligation, subject to the forwarding of a fifteen (15) days' written notice, to redeem for cancellation all warrants issued under the Private Placement (for a redemption price of $0.001 per warrant) at any time after the Corporation's listed common shares have been trading above a daily close of $0.60 for fifteen (15) consecutive trading days and only after the four-month hold period has expired.

The Private Placement is expected to close contemporaneous with the receipt of Exchange approval of the Corporation's proposed Reactivation (which is also described in the Corporation's Press Release of April 16, 2007).

ISee currently has 6,258,381 issued and outstanding common shares.

Completions of the transactions mentioned or described herein are subject to Exchange acceptance. There can be no assurance that the transactions described herein will be completed as proposed or at all.

Investors are cautioned that any information released or received with respect to the Reactivation may not be accurate or complete and should not be relied upon. Trading in the securities of ISee3D Inc. should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions described herein and has neither approved nor disapproved the contents of this press release.

Cautionary Statement

No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. The News Release includes certain "forward looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of ISee, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from ISee's expectations include, but may not be limited to, those risks detailed from time to time in the filings made by ISee with securities regulations.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy and accuracy of this release.

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