IN Innovium Media Properties Corp.

Innovium Media Properties Corp. (TSX VENTURE:IN)(FRANKFURT:IH7) ("Innovium" or
the "Company") has been unable to complete its audit and file its 2010 year-end
financial statements in time to meet its regulatory deadlines and, as a
consequence, is now subject to a cease trade order. Innovium plans to complete
its audit as expeditiously as possible. The Company will be applying for an
extension to hold its Annual General Meeting of Shareholders at a later date.


Innovium has devoted its cash and personnel resources to assisting Seed Media
Group LLC ("Seed"), a US-based private company, in which it maintains an
approximate 33% interest. Seed is now operationally cash flow positive,
reflecting the vibrant growth of its visualization business and a strategic
partnership for ScienceBlogs.com with National Geographic. As a result, Innovium
is actively seeking new capital to rejuvenate its own balance sheet.


About Innovium Media Properties Corp.

Innovium's venture investment portfolio is devoted to Seed Media Group LLC, a
private media and technology company focused on the professional and consumer
science markets. Seed's award winning brands include Seed(R) (seedmagazine.com)
and ScienceBlogs(R) (scienceblogs.com). Innovium trades under the symbol IN on
the TSX Venture Exchange ("TSX - V") and IH7 on the Frankfurt Stock Exchange
("FWB").


For additional information contact: innovium@innovium.ca.

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