Knightscove Media Corp. Announces Modification to Private Placement Financing

Knightscove Media Corp. (TSX VENTURE:KC.A)(TSX VENTURE:KC.B) ("Knightscove") is
pleased to announce that, further to its previously issued press release of May
19, 2011, it now intends only to complete a non-brokered private placement
financing of units ("Units") at a price of $0.10 per Unit for gross proceeds of
up to CDN$650,000.00 (the "Offering"). Knightscove is confident that completion
of the reduced Offering will be sufficient to satisfy its capital requirements
at this time thus preventing unnecessary dilution for its shareholders at the
Offering price. 


Taking part in the Offering will be certain directors and related insiders of
Knightscove, among others. Each Unit shall consist of one subordinate voting
share ("KC Share") of Knightscove and one-half of one subordinate voting share
purchase warrant ("Warrant"), each whole Warrant entitling the holder to acquire
one KC Share at an exercise price of CDN$0.20 per KC Share for a term of one
year. Knightscove intends to use the net proceeds to reduce the debt of the
Corporation and for present working capital purposes. Knightscove may pay
finder's fees to eligible persons with respect to the Offering and will be
subject to receipt of regulatory approval.


The KC Shares, the Warrants and the KC Shares issuable upon the exercise of the
Warrants are subject to resale restrictions. Closing of the Offering is subject
to receipt of regulatory approval, including final TSX Venture Exchange
approval.