Toronto, Ontario (FSCwire) - Mega View Digital Entertainment Corp. (NEX: MVD.H) (the “Company”) announces that further to its release of March 21, 2016, it has closed its convertible note private placement for gross proceeds of $50,000 (“Notes”).  The Note may be repaid in cash or by conversion into common shares of the Company (“Common Shares”) at a value of $0.05 per Common Share if converted prior to March 31, 2017, or $0.10 per Common Share thereafter, or by a combination of cash and conversion into Common Shares. The holder is entitled to convert all or any portion of the accrued and unpaid interest on the Notes into common shares at the greater of $0.05 and the market price of the common shares on the conversion date. The securities issued pursuant to the financing will be subject to a statutory hold period until August 1, 2016.

The Note is unsecured, and bears interest at a rate 4.70%, payable upon maturity, with a maturity date of March 31, 2021. Mr. Philip Chong, a director of the Company, has acquired the full $50,000 of principal amount of the Note through KNP Group Inc., a private corporation controlled by Mr. Chong.

The acquisition of the Note by a Corporation controlled by Mr. Chong (the “Insider Sale”) was a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”). The Insider Sale was approved by all of the non-interested directors of the Company. Mr. Chong abstained from approval of this matter. The Insider Sale was exempt from the valuation and minority securityholder approval requirements of MI 61-101 on the basis that no securities of the Company are listed or quoted on any specified markets, such markets specified by MI 61-101 to be the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the NASDAQ Stock Market, or a stock exchange outside of Canada and the United States other than the Alternative Investment Market of the London Stock Exchange or the PLUS market operated by PLUS Markets Group plc., and at the time the transaction was agreed to, neither the fair market value of the securities to be distributed in the transaction nor the consideration to be received for those securities, insofar as the transaction involved interested parties, exceeded $2,500,000.

ON BEHALF OF THE BOARD OF DIRECTORS

For further information, please contact:

Si Quan, Chief Executive Officer

Mega View Digital Entertainment Corp.

Tel: 647.478.8468

Fax: 905.475.9511

CAUTIONARY STATEMENT: Neither the TSX Venture Exchange (“TSX-V”) nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release includes certain "forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, repayment of the principal amount and any interest on the Note, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Please see our public filings at www.sedar.com for further information.

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