Intertainment Media Announces that Active ImageNation Inc. Signed a Proposed Business Combination with Cluny Capital

Toronto, Ontario & New York, New York--(Newsfile Corp. - September 16, 2015) - Intertainment Media Inc. (TSXV: INT) (OTC PINK: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") is pleased to announce that Active ImageNation Inc. (DBA Cap That) ("Cap That"), a company in which Intertainment has a minority equity investment in, has signed a Letter of Intent ("LOI") with Cluny Capital Inc. ("Cluny") (TSXV: CLN.P) for a proposed reverse take-over transaction.

Cluny and Cap That intend to complete a business combination (the "Proposed Transaction") currently anticipated to be a triangular merger under the General Corporate Law of the State of Delaware, pursuant to which a Delaware incorporated wholly owned subsidiary of Cluny will merge with Cap That to form a new entity which will become a wholly owned subsidiary of Cluny. The Proposed Transaction, if completed, will constitute Cluny's "Qualifying Transaction" under Policy 2.4 — Capital Pool Companies of the TSX Venture Exchange (the "TSX-V"). The parties shall negotiate in good faith and use reasonable commercial efforts to enter into the Definitive Agreement by no later than October 31, 2015 and to conclude the Transaction by no later than January 31, 2016.

Cap That is a Los Angeles based company that specializes in strategic Ecommerce solutions for partners in the entertainment and sports industries with innovative merchandise solution for music, sports and film, where fans can choose their favorite moments and create their own official custom merchandise.

"We appreciate the assistance and support provided by Intertainment Media through this process," said David Hibbard Co-Founder Active ImageNation.

Completion of the Proposed Transaction is subject to a number of conditions including, but not limited to: completion of satisfactory due diligence; completion of the Private Placement; execution of a definitive agreement in respect of the Proposed Transaction; receipt of requisite regulatory approvals; acceptance of the Proposed Transaction by the TSX-V; receipt of all requisite approvals from the shareholders of each of Cluny and Cap That for the Proposed Transaction and ancillary matters relating thereto; and the completion of all other actions necessary to consummate the Proposed Transaction. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

About Intertainment - www.intertainmentmedia.com

Intertainment is one of Canada's leading technology incubators and is focused on developing, nurturing and investing in both North American and global technologies and companies that provide technology solutions for brands and consumers alike. Intertainment also owns and operates a number of key properties and has investments in leading edge technologies and social media platforms, including TranzActive, CapThat, theAudience, Lexifone and Yappn Corp (www.yappn.com) (OTCQB: YPPN). For more information on Intertainment and its properties, please visit www.intertainmentmedia.com.

Intertainment is headquartered in the Toronto, Canada region, with offices in New York and Los Angeles, CA and is listed on the TSX Venture Exchange under the symbol "INT" (TSXV: INT) and in the US under the symbol "ITMTF". Intertainment is also traded in Europe on the Open Market (Regulate Unofficial Market) of the Frankfurt Exchange under the symbol "I4T".

Contact

Mr. Anthony R. Pearlman, COO
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.

This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws.

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