Lingo Media Corporation
TSX VENTURE : LM
OTC Bulletin Board : LMDCF

Lingo Media Corporation

March 20, 2008 18:52 ET

Lingo Media Appoints Meyers Norris Penny LLP as Auditors

TORONTO, ONTARIO--(Marketwire - March 20, 2008) - Lingo Media Corporation (TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media" or the "Company") is pleased to announce the appointment of Meyers Norris Penny LLP ("MNP"), one of the top 10 accounting firms in Canada, as its auditors replacing Mintz and Partners LLP ("Mintz"). The Company's Board of Directors and its Audit Committee approved the appointment of MNP, accepted the resignation of Mintz and reviewed all the documents related to the change of auditors. Mintz resigned as auditors at Lingo Media's request and there were no reservations in the auditors' report by Mintz in respect of the Company's financial statements as at and for the year-ended December 31, 2006.

In accordance with all regulatory requirements, Lingo Media has filed a Notice of Change of Auditor and has received a response letter from MNP, the successor auditors, confirming their agreement with the information provided in the Notice. The Company has also received a response letter from Mintz, the former auditors, confirming their agreement with the information provided in the Notice.

About Lingo Media (TSX VENTURE:LM)(OTCBB:LMDCF)

Lingo Media is a diversified education products and services corporation.

Its Speak2Me Inc. subsidiary is a new media company that focuses on interactive advertising in China via its Internet-based English Language Learning portal.

In China, Lingo Media continues to expand its legacy business via its subsidiary Lingo Learning Inc. ("Lingo Learning"), a print-based publisher of English Language Learning programs in China since 2001. Lingo Learning has an established presence in China's education market of 200 million students. To date, it has published 197 million units from its library of more than 300 program titles in China.

In Canada, Lingo Media focuses on early childhood cognitive development, through its subsidiary A+ Child Development Ltd., ("A+") which distributes educational materials along with its unique curriculum. A+ has been operating in Canada for over ten years through its four offices in Calgary, Edmonton, Toronto and Vancouver. Lingo Media plans to introduce A+'s learning system and products to parents of pre-school children in China.

Portions of this press release may include "forward-looking statements" within the meaning of securities laws. (Forward-looking statements contained in this press release are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995.) These statements are based on management's current expectations and involve certain risks and uncertainties. Actual results may vary materially from management's expectations and projections and thus readers should not place undue reliance on forward-looking statements. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's filings with the Canadian and United States securities regulators available on www.sedar.com or www.sec.gov/edgar.shtml.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

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