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Intertainment Announces Receipt of Statement of Claim

ITMTF

Toronto, Ontario and New York, New York--(Newsfile Corp. - August 26, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") announces that it has received a Statement of Claim filed by Mr. Anthony Pearlman, former President and Chief Operating Officer of Intertainment, in the amount of approximately $650,000 claimed in unpaid wages and other damages in connection with his employment with Intertainment.

Mr. Wayne Parsons, Chief Executive Officer, says "I am extremely disappointed to receive these claims by former management. We are working extremely hard with limited finances to try and turn around what we have inherited. I feel for the shareholders as I would rather be spending time and money trying to fix the underlying business versus responding to lawsuits".

The Company is thoroughly assessing the claim with legal counsel and is considering all available recourse.

Contact

For further information on the Company please contact:

info@intertainmentmedia.com

Forward Looking Information

This news release contains certain "forward-looking information" within the meaning of such statements under applicable securities law.

Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Actual timelines associated may vary from those anticipated in this news release and such variations may be material. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on this forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.