Innovium Announces Third Quarter Results

  Innovium Media Properties Corp. ("Innovium")(TSX VENTURE: IN)(FRANKFURT: IH7) is a public company with one investment.

--  Innovium owns roughly 40% of Seed Media Group LLC ("Seed").
--  Innovium trades on the TSX Venture Exchange and the Frankfurt Stock
    Exchange.

Seed Media Group LLC is a private company based in New York City.

--  Seed is headed by its Founder, Adam Bly.
--  Seed's goal is to be a dominant participant in the science information
    and technology sector.
--  Seed's global brand was built on the success of SEED magazine (print and
    online).
--  Seed's growth is provided by the following 3 distinct initiatives:

Seed Digital Media - ScienceBlogs, LLC is the world's largest science discussion.

--  Reaching over two million unique visitors per month.
--  70% owned by Seed and 30% owned by Hubert Burda Media.
--  Blogs are in English, German and Portuguese.

Visualization is the dynamic and interactive graphic representation of information.

--  Develops software that is used by organizations to make their data more
    understandable and marketable.
--  Headed by Ben Fry, co-creator of Processing 1.0 software.

Seed Technology - PLA.NET Systems, LLC has a secure, open-architecture software platform to be licensed to enterprises, heightening collaboration between scientists and accelerating research and development.

--  PLA.NET is designed to be the operating system of choice and scientists
    are encouraged to create applications for it.
--  These design features make it a strong candidate for widespread
    government adoption and the creation of a global network of scientists.

SEED Magazine - "Science is Culture" is an award-winning magazine that has printed 22 issues and continues to publish exclusively online.

--  The magazine has created a significant global brand and continues its
    mission of advancing global science literacy.
--  Overhead and direct costs associated with the magazine have been
    dramatically reduced.

Innovium had a 2009 third quarter net loss of $1,179,000 compared to net earnings of $414,000 in the third quarter of 2008 (a loss of $1,887,000 for the first nine months of 2009 compared to earnings of $4,152,000 for the same period in 2008). Interest and dividend income increased by 39% in the third quarter of 2009 compared to the third quarter of 2008 (an increase of 73% nine months versus nine months), attributable to the number of interest-bearing and dividend-bearing advances Innovium has made to Seed vis-a-vis comparable advances as of one year earlier.

As Innovium's investment in Seed is denominated in US dollars, in the third quarter of 2009 the Company recorded an unrealized foreign exchange ("forex") loss of $1,139,000 (third quarter of 2008 - unrealized forex gain of $342,000) on its Seed investment resulting in an unrealized forex loss of $1,741,000 for the first nine months of 2009 (first nine months of 2008 - unrealized forex gain of $526,000).

Compared to the third quarter of 2008, the Company experienced a $91,000 increase in general and administrative costs in the third quarter of 2009 due primarily to an increase in interest and stock option expenses (a $330,000 decrease for the first nine months of 2009 compared to the same period in 2008).

In the third quarter of 2009, Innovium advanced an additional US$362,000 under the Seed Bridge, converted US$50,000 of accounts receivable into the Seed Line of Credit and advanced US$1 million as part of a 12% Seed Series C preferred share financing.

For additional information please visit:

Innovium: www.innovium.ca; Seed: www.seedmediagroup.com; ScienceBlogs: www.scienceblogs.com, www.scienceblogs.de, and www.scienceblogs.com.br; Visualisation: www.benfry.com; and, SEED Magazine: www.seedmagazine.com

Or email us at: [e-mail]

               Table of Highlights of the Financial Statements


                           Three months ended      Nine months ended
                               September 30           September 30
                            ---------------------------------------------
(Expressed in thousands of
 Canadian dollars,
 except per share amounts)        2009     2008           2009        2008
                             ---------- --------  ------------ -----------

Interest and dividend income $     303  $   218  $         907  $      523
Unrealized gains (losses) on
 investments                    (1,139)     342         (1,741)        526
Gains on investments                --       --             --       4,313
Agri-products revenue               --       --             --          60
Other income                        --       --             --          17

General and administrative
 expenses                          342      251          1,043       1,373
Depreciation                         7        8             21          23
Foreign exchange gain               (6)    (113)           (11)       (109)

Net earnings (loss)          $  (1,179) $   414  $      (1,887) $    4,152

Net earnings (loss) per
 share                       $   (0.01) $  0.00  $       (0.02) $     0.05

Cash used in operating
 activities
(after net change in working
 capital balances)           $    (145) $  (262) $        (800) $     (772)


                                                             As At
                                                    ----------------------

(Expressed in thousands of                            Sept. 30,   Dec. 1,
 Canadian dollars)                                        2009      2008
                                                  ------------ ----------

Cash and cash equivalents
                                                 $          61 $     731
Accounts receivable and
 other assets                                               12        77
Short-term investments                                      58       113

Total current assets                                       131       921

Venture investments                                     13,737    11,631
Capital assets, net                                        128       149

Total assets                                     $      13,996 $  12,701

Accounts payable and accrued liabilities         $          22 $      11
Term loans                                               1,754        --

Total liabilities
                                                 $       1,776 $      11

Shareholders' equity                             $      12,220 $  12,690

Full financial results are available on SEDAR at www.sedar.com.

We seek safe harbour

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contacts: Innovium Media Properties Corp. Neil Raymond Chairman and CEO [phone] [e-mail] Innovium Media Properties Corp. Jamie Macintosh President and COO [phone] [e-mail] Innovium Media Properties Corp. Julio DiGirolamo CFO and Corporate Secretary [phone] [e-mail]