Musicrypt Inc.
OTC Bulletin Board : MCYPF
TSX VENTURE : MCT

Musicrypt Inc.

November 18, 2005 18:59 ET

Musicrypt Issues Shares for Debt

TORONTO, ONTARIO--(CCNMatthews - Nov. 18, 2005) - Musicrypt Inc., (TSX VENURE:MCT)(OTCBB:MCYPF)("Musicrypt"), today announced that it has reached agreement, subject to regulatory approval, to settle $17,100 payable to the Cohen Independent Research Group with the issuance of 95,000 shares valued at the discounted price of $0.18 per share. The shares, if issued, will be subject to a four-month hold period from the date of issuance.

About Musicrypt

Musicrypt's patented Digital Media Distribution System (DMDS) is the leading secure B2B digital delivery solution for the music industry. DMDS is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking. The first application of DMDS replaces the physical distribution of new musical recordings by record companies from the studio, internally, and to radio stations with more secure, more effective and less costly digital distribution of broadcast quality media via the internet. For more information on Musicrypt, please visit www.musicrypt.com

The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

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

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