Metamedia Capital Corp.

Metamedia Capital Corp.

April 16, 2007 15:49 ET

Metamedia Capital Corp. Announces Completion of Brokered Private Placement

CALGARY, ALBERTA--(CCNMatthews - April 16, 2007) - Metamedia Capital Corp. (TSX VENTURE:MME) (the "Corporation") is pleased to announce that the Corporation has completed its non-brokered private placement offering (the "Private Placement") of Common Shares (the "Shares"). The final closing (the "Final Closing") was completed on April 12, 2007, whereby 1,400,000 Shares were issued at a purchase price of $0.20 per Share for total gross proceeds of $280,000.00.

The Common Shares, to be issued pursuant to the Private Placement will be subject to a four month hold period from the date of closing. The Private Placement is subject to final approval from the TSX Venture Exchange.

The proceeds of the Private Placement will be used for working capital purposes.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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