Ms. Sally Tindal reports

CORUS ENTERTAINMENT CLOSES OVER-ALLOTMENT OPTION ON PUBLIC OFFERING OF SUBSCRIPTION RECEIPTS

Corus Entertainment Inc.'s underwriters for the company's previously completed public offering of 25.4 million subscription receipts have elected to exercise their option in full to purchase an additional 3.81 million subscription receipts at a price of $9 per subscription receipt. The sale of the additional subscription receipts was completed today and increases the gross proceeds from the public offering by an additional $34.29-million, resulting in total gross proceeds from the public offering of $262.89-million, which is in addition to the gross proceeds from Corus's previously completed concurrent private placement of 3.56 million subscription receipts to certain members of the Shaw family and their related entities for total gross proceeds of $32.04-million.

The public offering was made through a syndicate of underwriters led by RBC Capital Markets and TD Securities.