SOURCE: Camelot Entertainment Group, Inc.

August 10, 2009 10:00 ET

Second Camelot Films® Slate Earmarked for the United Kingdom

Camelot Returns to London After Lengthy Absence

IRVINE, CA--(Marketwire - August 10, 2009) - Camelot Entertainment Group, Inc. (OTCBB: CMGR) ("Camelot") announced today that Camelot Films® plans to produce its second slate of feature films in the United Kingdom. Camelot expects to set up operations at one of the studios in the greater London area. Camelot Films® previously had operations in London from the early 1980s through the mid 1990s.

Camelot Films®, a subsidiary of Camelot, is currently preparing its first slate of films to be shot in the U.S. Due to the lengthy time period required to set up the slates, the Company wanted to get the process moving forward in London so that once the first slate begins production in the U.S., the second slate will be ready to commence production shortly thereafter. Camelot Films® plans to produce 36 films over a period of 54 months in the U.S. A decision has not been made on the number of films to be produced in the second slate. The Company plans to release more details on the United Kingdom slate as they become available.

About Camelot Entertainment Group, Inc.: Camelot Entertainment Group, Inc. is a US publicly traded company (symbol "CMGR") with three major divisions: Camelot Film Group, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. For information about Camelot Entertainment Group, Inc., please visit the Company's web site at www.camelotfilms.com.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission Reports and Filings.

Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

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