May 03, 2006 10:30 ET

Peace Arch Announces Online Availability of Archived Webcast of Investor Conference Call

Company President's Discussion of Recent Business Achievements and Strategic Plans Available via Streaming Audio Webcast

TORONTO -- (MARKET WIRE) -- May 3, 2006 -- Peace Arch Entertainment Group Inc. (AMEX: PAE) (TSX: PAE.LV), one of North America's fastest growing independent film and television companies, has announced the online availability of an archived webcast of yesterday's investor conference call.

During the conference call, Peace Arch President John Flock discussed the Company's strategic business goals as well as recent key achievements such as the acquisition of a consistently profitable 500-title film library from Castle Hill Productions/Dream LLC.

Mr. Flock also discussed the Peace Arch acquisition of the home video/DVD distribution company kaBOOM! Entertainment Inc., one of Canada's leading distributors. "We closed that deal at the end of January," Mr. Flock said. "It's been going gangbusters for us. .... We see a lot of potential for growth in kaBOOM! and we think it has the ability to bring itself into the US market."

To listen to the archived webcast of yesterday's conference call, visit http://www.trilogy-capital.com/tcp/peace-arch/conference.html.

About Peace Arch Entertainment Group Inc.

Peace Arch Entertainment produces and acquires feature film and television programs for distribution to worldwide markets. Its Peace Arch Films division markets and licenses theatrical films oriented towards the major international film festivals such as Cannes, Venice and Toronto. The Company's Archetype Film label focuses on projects in the horror, thriller and action genres. Peace Arch Television specializes in the licensing of the Company's own productions and third-party projects to Canadian and international broadcasters, cable and satellite companies. Peace Arch Home Entertainment, under the kaBOOM! Entertainment, Inc. banner, is one of the leading distributors of DVDs and related products in Canada.

Forward-Looking Statements

This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.