Metamedia Capital Corp.
TSX VENTURE : MME

Metamedia Capital Corp.

October 18, 2006 10:48 ET

Metamedia Featured in Yahoo! Finance Small Cap Show and National Post Newspaper

CALGARY, ALBERTA--(CCNMatthews - Oct. 18, 2006) - Metamedia Capital Corp (TSX VENTURE:MME) (http://www.metamedia.com) is pleased to announce that the company was recently featured by Yahoo! Canada Finance as part of its Small Cap Show.

Yahoo Finance is the world's leading finance site, with 33% of all financial traffic for a total of 34.3 million visitors per month. The Yahoo Finance audience is the most coveted target market of any online financial property and offers small-cap companies a fast and efficient way to find new shareholders. The show can be found at: http://ca.finance.yahoo.com/ and by clicking on any of the titles under "Yahoo! Small Cap Show".

NATIONAL POST ARTICLE ON LUXE MAGAZINE

The company was also featured in the Financial Post section of the National Post. The article centred on the launch of "Luxe Magazine" on Oct. 26, 2006. As previously released on Oct. 5, 2006, Metamedia's "Luxe Magazine" will be distributed by the National Post to some of the most affluent neighborhoods in Canada.

"It is with great delight that our company is receiving this media coverage," stated President and CEO Alexis Kostis. "We have always felt that with our strategy to create a premier communications company will receive the coverage from financial portals across the company. This is only the beginning as we anticipate more coverage as we roll out our developing communication services," added Mr. Kostis.

This press release has been submitted to http://www.TOP10PressReleases.com for investors to vote on and help move into the TOP 10 of the day. Investors can locate the release by using the industry filter or searching by company name and/or stock symbol.

For all Metamedia investor relations needs, investors are asked to visit the Metamedia IR Hub at http://www.agoracom.com/IR/Metamedia where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to MME@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

About Metamedia Capital Corp.

Metamedia is a global media conglomerate that produces proprietary, knowledge-based, content and acts as an integrator of advanced hardware and software technologies in order to serve the needs of re-segmented global niche-markets, either identified through their interest in ethnic-descent, language, history, and culture, or their need for highly specialized content of any nature.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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

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