Mega View Digital Entertainment Corporation Announces Debt Settlement

Toronto, Ontario--(Newsfile Corp. - April 17, 2013) - Mega View Digital Entertainment Corp. (NEX: MVD.H) ("Mega View" or the "Company") is pleased to announce that it has reached an agreement to settle up to $204,000 in debt with certain non-arm's length creditors (the "Debt Settlement") who are directors of the Company, subject to approval of the NEX Board of the TSX Venture Exchange and the Company's shareholders ("Shareholders"). The liabilities to be settled include unsecured loans and a promissory note plus accrued interest. Pursuant to the Debt Settlement, creditors will be issued common shares of the Company at a deemed value of $0.05 per share, for up to a total of 4,080,000 common shares. Completion of the Debt Settlement would create two new control persons, and would result in change of effective control of the Company (as such terms are defined in TSX Venture Exchange policies).

It is the management's view that the Debt Settlement is in the best interests of the Shareholders, as it will enable the Company to preserve its working capital, and to pay its outstanding debts when they come due.

ON BEHALF OF THE BOARD OF DIRECTORS

For further information:

Mega View Digital Entertainment Corporation
Si Quan - Chief Executive Officer
Tel: 647.478.8468
Fax: 905.475.9511

CAUTIONARY STATEMENT: Neither the 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". All statements other than statements of historical fact included in this release, including, without limitation, future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are the risks detailed herein and from time to time in the filings made by the Company with securities regulators.