News Release

Kangaroo Media Inc. To Trade On TSX Venture Exchange

December 30, 2008

KANGAROO MEDIA INC. ("KTV")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: December 30, 2008
TSX Venture Tier 2 Company

The common shares of Kangaroo Media Inc. (the "Company") will be listed and admitted to trading on TSX Venture Exchange, on the effective dates stated below.

Listing Date: At the close of business (5:01 p.m. EST) on Tuesday, December 30, 2008.

Commence Date: The common shares will commence trading on TSX Venture Exchange at the opening Wednesday, December 31, 2008.

Please note that the common shares of the Company (Symbol: KTV) will be delisted from Toronto Stock Exchange (voluntary delisting) at the close of business on Tuesday, December 30, 2008, and will be listed on TSX Venture Exchange at the same time.

Corporate Jurisdiction: Canada

Capitalization: Unlimited number of common shares without nominal value, of which 35,261,147 common shares are issued and outstanding.
Escrowed Securities: None

Transfer Agent: Computershare Investor Services Inc., Montreal and Toronto
Trading Symbol: KTV
CUSIP Number: 484195 20 1

For further information, please refer to the Company's continuous disclosure information available on SEDAR.

Company Contact: Mr. Richard Clements, Chief Financial Officer
Company Address: 11600, Louis-Bisson, Bloc A, Mirabel, Quebec J7N 1G9

Company Phone Number: (450) 595-2000
Company Fax Number: (450) 595-2010
Company Email Address: Questions_IR@kangaroo.tv
Company Web site: www.kangaroomediainc.com