Knightscove Media Corp. Delays Filing of Audited Year End Financial Statements

Knightscove Media Corp. (TSX VENTURE:KC.A)(TSX VENTURE:KC.B) ("Knightscove") is
announcing that it will be late in filing its audited annual financial
statements for the fiscal year ended December 31, 2011, the related Management's
Discussion & Analysis, and the CEO and Corporate Controller certification of
filings (collectively, the "2011 Filings").


The delay is caused by a couple of key factors. First, Knightscove has had a
change of auditors from Grant Thornton LLP. It was mutually agreed that this was
in the best interest of Knightscove and not as a result of any "Reportable
Events", as defined under National Instrument 51-102 Continuous Disclosure
Obligations. The new auditors, DNTW Chartered Accountants LLP, were appointed on
March 31, 2012.


The second key factor resulting in the delay is the IFRS testing required in
evaluating the acquisition of the Ellis Entertainment assets which occurred in
January 2011 and the winding down of the Knightscove @ Home DVD manufacturing
operation at the end of 2011. 


It is expected that the audit will be completed within two weeks and the 2011
Filings will be filed on or about May 11, 2012.


Knightscove intends to satisfy the provisions of the alternative information
guidelines so long as it remains in default of its filing obligations described
above.