Knightscove Announces Further Advances to RSKB Acquisition

KNIGHTSCOVE MEDIA CORP. (TSX VENTURE:KC.A)(TSX VENTURE:KC.B)
(www.knightscove.com) ("Knightscove"), is pleased to announce that it has
entered into a Rights Acquisition Agreement with Toronto-based RSKB
Communications Inc. ("RSKB"). The Rights Acquisition Agreement has been entered
into in connection with Knightscove's upcoming purchase of a fifty-one percent
(51%) interest in RSKB as recently disclosed by Knightscove in its press release
dated November 10, 2011 (the "RSKB Acquisition"). Pursuant to the terms of the
Rights Acquisition Agreement, Knightscove has acquired the right to either
re-acquire 250,000 of its Subordinate Voting Shares issued as partial payment
for the purchase of the fifty-one percent (51%) interest in RSKB or purchase an
additional fifteen percent (15%) interest in RSKB should the RSKB fail to
achieve its initial annual Revenue Target.


RSKB is the owner of SouthAsianLife.com ("SouthAsianLife.com"), one of the
largest ethnic sites in Canada, with original daily coverage of politics,
personalities, entertainment, fashion and food. Updated hourly, it's a dynamic
and engaging resource that offers readers commentaries on the hottest trends,
health, beauty, fashion, shrewd dissections of breaking national and local news,
blow-by-blow accounts of TV's greatest shows, the scoop on what's cooking with
the latest top chefs and more. Inspired by the vision to highlight who South
Asians are at their best, SouthAsianLife.com is the go-to guide for living the
South Asian life, wherever you are. SouthAsianLife.com attracts up to 5 million
hits daily.


"We are extremely pleased with the acquisition of RSKB Communications and
SouthAsianLife.com," says Knightscove's CEO Leif Bristow. "The strength of the
site as a social network creates an immediate advertising platform which
provides recognizable brands with unique access to the South Asian community". 


Current RSKB CEO Raaj Brar has been appointed President of Knightscove's newest
subsidiary, Knightscove Digital Inc. ("Knightscove Digital"). The Knowledge base
and platform which Mr. Brar has created can easily be transitioned to support
Knightscove's broadcast initiatives in both the ethnic and non-ethnic broadcast
channels. 


In addition, through digital and social strategies, Knightscove can begin to
transition all proprietary content to a digital App store, allowing consumers to
purchase or rent content directly. This will provide enhanced revenue at lower
costs than through the previous physical manufacturing and distribution of
content on DVDs. 


The RSKB Acquisition remains subject to approval by the TSX Venture Exchange.

About Knightscove Media Corp. 

Knightscove is a fully integrated entertainment company specializing in the
distribution, creation and financing of live action feature films and television
productions. The Canadian company offers family-friendly third party and
proprietary film and television content through its Knightscove Family Films and
Knightscove-Ellis International brands.

Knightscove Media Corp. CL A (TSXV:KC.A)
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