[November 27, 2009]

Innovium Announces Third Quarter Results

(Marketwire (Canada) Via Acquire Media NewsEdge) TORONTO, ONTARIO--(Marketwire - Nov. 27, 2009) - Innovium Media Properties Corp. ("Innovium")(TSX VENTURE:IN)(FRANKFURT:IH7) is a public company with one investment.

-- Innovium owns roughly 40% of Seed Media Group LLC ("Seed").

-- Innovium trades on the TSX Venture Exchange and the Frankfurt Stock Exchange.

Seed Media Group LLC is a private company based in New York City.

-- Seed is headed by its Founder, Adam Bly.

-- Seed's goal is to be a dominant participant in the science information and technology sector.

-- Seed's global brand was built on the success of SEED magazine (print and online).

-- Seed's growth is provided by the following 3 distinct initiatives: Seed Digital Media - ScienceBlogs, LLC is the world's largest science discussion.

-- Reaching over two million unique visitors per month.

-- 70% owned by Seed and 30% owned by Hubert Burda Media.

-- Blogs are in English, German and Portuguese.

Visualization is the dynamic and interactive graphic representation of information.

-- Develops software that is used by organizations to make their data more understandable and marketable.

-- Headed by Ben Fry, co-creator of Processing 1.0 software.

Seed Technology - PLA.NET Systems, LLC has a secure, open-architecture software platform to be licensed to enterprises, heightening collaboration between scientists and accelerating research and development.

-- PLA.NET is designed to be the operating system of choice and scientists are encouraged to create applications for it.

-- These design features make it a strong candidate for widespread government adoption and the creation of a global network of scientists.

SEED Magazine - "Science is Culture" is an award-winning magazine that has printed 22 issues and continues to publish exclusively online.

-- The magazine has created a significant global brand and continues its mission of advancing global science literacy.

-- Overhead and direct costs associated with the magazine have been dramatically reduced.

Innovium had a 2009 third quarter net loss of $1,179,000 compared to net earnings of $414,000 in the third quarter of 2008 (a loss of $1,887,000 for the first nine months of 2009 compared to earnings of $4,152,000 for the same period in 2008). Interest and dividend income increased by 39% in the third quarter of 2009 compared to the third quarter of 2008 (an increase of 73% nine months versus nine months), attributable to the number of interest-bearing and dividend-bearing advances Innovium has made to Seed vis-a-vis comparable advances as of one year earlier.

As Innovium's investment in Seed is denominated in US dollars, in the third quarter of 2009 the Company recorded an unrealized foreign exchange ("forex") loss of $1,139,000 (third quarter of 2008 - unrealized forex gain of $342,000) on its Seed investment resulting in an unrealized forex loss of $1,741,000 for the first nine months of 2009 (first nine months of 2008 - unrealized forex gain of $526,000).

Compared to the third quarter of 2008, the Company experienced a $91,000 increase in general and administrative costs in the third quarter of 2009 due primarily to an increase in interest and stock option expenses (a $330,000 decrease for the first nine months of 2009 compared to the same period in 2008).

In the third quarter of 2009, Innovium advanced an additional US$362,000 under the Seed Bridge, converted US$50,000 of accounts receivable into the Seed Line of Credit and advanced US$1 million as part of a 12% Seed Series C preferred share financing.

For additional information please visit: Innovium: www.innovium.ca; Seed: www.seedmediagroup.com; ScienceBlogs: www.scienceblogs.com, www.scienceblogs.de, and www.scienceblogs.com.br; Visualisation: www.benfry.com; and, SEED Magazine: www.seedmagazine.com Or email us at: innovium@innovium.ca Table of Highlights of the Financial Statements Three months ended Nine months ended September 30 September 30 --------------------------------------------- (Expressed in thousands of Canadian dollars, except per share amounts) 2009 2008 2009 2008 ---------- -------- ------------ ----------- Interest and dividend income $ 303 $ 218 $ 907 $ 523 Unrealized gains (losses) on investments (1,139) 342 (1,741) 526 Gains on investments -- -- -- 4,313 Agri-products revenue -- -- -- 60 Other income -- -- -- 17 General and administrative expenses 342 251 1,043 1,373 Depreciation 7 8 21 23 Foreign exchange gain (6) (113) (11) (109) Net earnings (loss) $ (1,179) $ 414 $ (1,887) $ 4,152 Net earnings (loss) per share $ (0.01) $ 0.00 $ (0.02) $ 0.05 Cash used in operating activities (after net change in working capital balances) $ (145) $ (262) $ (800) $ (772) As At ---------------------- (Expressed in thousands of Sept. 30, Dec. 1, Canadian dollars) 2009 2008 ------------ ---------- Cash and cash equivalents $ 61 $ 731 Accounts receivable and other assets 12 77 Short-term investments 58 113 Total current assets 131 921 Venture investments 13,737 11,631 Capital assets, net 128 149 Total assets $ 13,996 $ 12,701 Accounts payable and accrued liabilities $ 22 $ 11 Term loans 1,754 -- Total liabilities $ 1,776 $ 11 Shareholders' equity $ 12,220 $ 12,690 Full financial results are available on SEDAR at www.sedar.com.

We seek safe harbour Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT: Innovium Media Properties Corp.

Neil Raymond Chairman and CEO (514) 281-0481 ceo@innovium.ca Innovium Media Properties Corp.

Jamie Macintosh President and COO (416) 862-7444 coo@innovium.ca Innovium Media Properties Corp.

Julio DiGirolamo CFO and Corporate Secretary (416) 862-7444 cfo@innovium.ca Source: Innovium Media Properties Corp.

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