Wonderfilm Announces Resignation of Director and Executive Officer

Vancouver, British Columbia--(Newsfile Corp. - March 9, 2020) - The Wonderfilm Media Corporation (TSXV: WNDR) (OTCQB: WDRFF) ("Wonderfilm" or the "Company") announces that Norman Tsui has resigned as Executive Vice President, Interim Chief Financial Officer and Corporate Secretary and as a Director of the Company effective March 9, 2020.

The Company thanks Mr. Tsui for his contributions to the Company, especially with regards to stepping in as the Interim Chief Financial Officer and working to resolve the Cease Trade Order against the Company and wishes him well in his future endeavors.

As a result of Mr. Tsui's resignation, the Company is currently working to identify suitable candidates to replace Mr. Tsui.

About The Wonderfilm Media Corporation

Wonderfilm (TSXV: WNDR) (OTCQB: WDRFF) is a leading entertainment company with production offices in Los Angeles and corporate offices in Vancouver. The Company's core business is producing market-driven independent feature films and quality television series for multi-platform global exploitation. Wonderfilm is a producer and distributor only for the projects disclosed.

For more information, visit the Company's website at www.Wonderfilm.com.

Neither the TSX Venture Exchange Inc. ("Exchange") nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend," statements that an action or event "may," "might," "could," "should," or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond Wonderfilm's control and Wonderfilm's actual results could well differ materially from those stated or implied in forward-looking statements due to many various factors. Although Wonderfilm believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are made as of todays date and Wonderfilm undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For further details, please see the Company's documents filed under the Company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com.

For investor inquiries, please contact:

Kirk Shaw, Chief Executive Officer
Email: info@wonderfilm.com
Phone: 1-604-638-4890
www.wonderfilm.com

Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53288

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