Chalk Media Corp. Provides Corporate Update

  Chalk Media Corp. (TSX VENTURE: CKM), developer of mobile communications software Mobile chalkboard(TM), today issued the following update from its President & CEO Stewart Walchli.

Given the contrast between the recent promising results of our business and the volatility in the market, we felt that it would be useful to provide an update on our business.

Summary:

- Strategy of focusing on large enterprise clients verticals in specific verticals is delivering results

- Chalk has best two months of sales of Mobile chalkboard(TM) in the company's history as measured by booked contract value, seats of software sold and number of deals

- Sales progress made in the defense & aerospace, telecommunications and media industries

- Approximately 50 organizations in various stages of formally evaluating Mobile chalkboard(TM)

- Mobile chalkboard(TM) version 5.1 to be announced later this week with significant advancements that are expected to have positive impact on sales

Business Development:

Despite the difficult economic environment, July and August 2008 represented the best two months of sales of Mobile chalkboard(TM) in Chalk's history. Several of the blue chip companies interested in our software completed their evaluation of it and made a decision to move forward with a purchase.

A very large international advertising agency based in London and New York finished their evaluation and moved on to purchase. This was tremendously exciting for us given that it is part of a Global 500 company and we now have a referenceable blue chip client in the advertising industry.

This licensing agreement validates our recurring revenue and pricing model. Additionally, it reinforces our assertion that there is strong demand for our software in our target industries. During the past two months, we have received strong interest in our software from large organizations in the defense & aerospace, telecommunications and media industries. We will be announcing new licensing agreements with additional companies.

Several new Fortune / Global 500 companies began evaluating our software in the past two months. We now have approximately 50 organizations evaluating our software. We continue to push hard with our sales team to execute on new licensing agreements.

Technology:

We will be announcing the launch of Mobile chalkboard(TM) version 5.1 later this week. Version 5.1 has several new important features that will help us win several high profile deals in the short term.

We have now filed fourteen patents around our technology and believe that we have the best in class technology, as validated by our client wins.

Content Libraries:

In August we announced an agreement with MindLeaders, a leader in off the shelf online training content, whereby their Business Skills Library has been converted into the Mobile chalkboard(TM) format. MindLeaders and Chalk clients can now license this library of mobile content for use on Mobile chalkboard(TM). All content sold in this format will require the purchase of our software. We are expecting this to be a very effective strategy.

We have also had strong client interest in our proprietary BlackBerry Productivity library. We developed this library to help clients reduce their support costs of BlackBerry devices. We expect several clients will deploy our Productivity Library in the coming months.

We are currently finalizing similar agreements with several other content providers as well as working on additional libraries from MindLeaders.

Board of Directors:

In July we announced the appointment of Divesh Sisodraker to our Board of Directors. Mr. Sisodraker has extensive software company operating experience, having been the President & CEO of Pivotal Software as well as the CFO of Taleo, a talent management software company based in San Francisco. We are evaluating the appointment of additional outside directors.

We will continue to keep you updated as our business progresses. Thank you for your continued support.

The BlackBerry® and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. RIM assumes no liability and makes no representation, warranty or guarantee in relation to third party products or services.

About Chalk Media Corp.

Chalk's mobile content deployment system, Mobile chalkboard(TM), allows multimedia content to be created, securely pushed and tracked on BlackBerry® smartphones. Our software and content help organizations communicate with their employees, business partners and customers. Additional information is available at www.chalk.com.

Forward Looking Statement

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may" ,"could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Chalk to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the speculative nature of the software industry, which is affected by numerous factors beyond Chalk's control; the existence of present and possible future government regulation; the significant and increasing competition that exists in the software industry; and risks associated with early stage companies such as Chalk, including uncertainty of revenues, markets and profitability and the need to raise additional funding.

Although Chalk has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Chalk does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. Further information on Chalk Media Corp. is available at www.sedar.com.

The TSX Venture Exchange has not reviewed the contents of this release and is not responsible for its accuracy.

Contacts: Chalk Media Corp. Kris Sutherland Executive Vice President [phone] Email: [e-mail] Website: www.chalk.com