DSS Movit Media Corp

Digital Shelf Space Corp. (the "Company" or "DSS") (TSX
VENTURE:DSS)(OTCQX:DTSRF) is pleased to announce that further to its new
releases dated March 21, 2013 and April 19, 2013, the Company has closed the
first tranche of its brokered private placement (the "Offering") for total gross
proceeds of $1,204,500, comprised of the offering of $728,000 principal amount
of convertible debentures (the "Debentures") and 9,530,000 units (the "Units")
at a price of $0.05 per unit for Unit subscription proceeds of $476,500. 


An aggregate of $200,000 principal amount of Debentures were issued to two
private lenders in consideration for the cancellation of short term notes in the
aggregate principal amount of $200,000, which short term bridge loan was
previously disclosed in the Company's news release on March 21, 2013.


The Debentures are unsecured, have a term to maturity of 36 months, and carry an
interest rate of 12% per annum payable in cash on a semi-annual basis. The
principal amount of the Debentures are convertible at the holder's option at any
time into common shares of the Company at a conversion price of $0.10 per common
share. The Company has the right to force the conversion of the Debentures into
common shares in the event that the common shares trade at a price of at least
$0.20 for a period of at least 15 consecutive trading days. Following the
one-year anniversary of issuance, the Company has the right to redeem the
Debentures, in whole or in part, at a premium of 5% to the principal value plus
any accrued interest.


Each Unit consists of one common share and one common share purchase warrant.
Each whole purchase warrant entitles the holder to purchase one common share of
the Company at the price of $0.10 per common share on or before the date
occurring 18 months following the closing of the Offering. 


In the connection with the Offering, the Company paid a cash commission to
Fin-XO Securities Inc. ("Fin-XO") equal to 7.5% of the gross proceeds received
by the Company from purchasers of the Debentures and Units sold in the Offering.
The Company also paid Fin-XO a corporate finance fee of $7,500 plus HST and
reimbursed the reasonable expenses and legal fees of Fin-XO. Additionally, the
Company has issued to Fin-XO and its agents an aggregate of 714,750
non-transferable broker warrants (the "Broker Warrants") for the purchase of
common shares in the Company. The Broker Warrants have an exercise price of
$0.10 per common share and expire 18 months following the closing of the
Offering. 


In accordance with applicable securities legislation, securities issued pursuant
to the Offering are subject to a hold period of four months plus one day from
the date of completion of the Offering.


Monies raised from the Offering will be used toward marketing and advertising,
content development, transaction and related expenses, and working capital and
general corporate purposes.


The Offering is subject to final regulatory approval.

About Digital Shelf Space Corp.

Digital Shelf Space is an independent creator, producer and distributor of home
entertainment content targeted at the fitness and sports instruction market.
Digital Shelf Space's overall content partnership strategy is to align itself
with world-class, global brand partners. For more information visit
www.digitalshelfspace.com and to view our current projects with Georges
St-Pierre and the TOURAcademy(R), visit www.gsprushfit.com and
www.touracademydvds.com.


ON BEHALF OF THE BOARD

Jeffrey Sharpe, President & CEO

Forward Looking Statements

This news release contains "forward-looking information" within the meaning of
the Canadian securities laws. Forward-looking information is generally
identifiable by use of the words "believes," "may," "plans," "will,"
"anticipates," "intends," "budgets", "could", "estimates", "expects",
"forecasts", "projects" and similar expressions, and the negative of such
expressions. Forward-looking information in this news release include statements
about the ongoing intention to complete a private placement offering and the use
of proceeds received from the closing of the first tranche of the private
placement offering.


In connection with the forward-looking information contained in this news
release, Digital Shelf Space has made numerous assumptions, regarding, among
other things, expected investor interest of the ongoing private placement
offering. While Digital Shelf Space considers these assumptions to be
reasonable, these assumptions are inherently subject to significant
uncertainties and contingencies.


Additionally, there are known and unknown risk factors which could cause Digital
Shelf Space's actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the forward-looking information contained herein. Known risk factors
include, among others: Digital Shelf Space may not be able to complete the
closing of any further tranches of the private placement offering on the terms
currently contemplated, or at all; Digital Shelf Space may not use funds
received from the closing of the first tranche of the private placement as
currently contemplated; reliance on the health and marketability of celebrity
fitness talent in productions owned by Digital Shelf Space; actual results from
the use of celebrity fitness products may differ substantially from anticipated
results; the substantial investment of capital required to produce and market
video and entertainment productions, limitations imposed by our financing
abilities, unpredictability of the commercial success of our programming,
difficulties in integrating technological changes and other trends affecting the
entertainment industry.


A more complete discussion of the risks and uncertainties facing Digital Shelf
Space is disclosed in Digital Shelf Space's Filing Statement dated November 16,
2010 and continuous disclosure filings with Canadian securities regulatory
authorities at www.sedar.com. All forward-looking information herein is
qualified in its entirety by this cautionary statement, and Digital Shelf Space
disclaims any obligation to revise or update any such forward-looking
information or to publicly announce the result of any revisions to any of the
forward-looking information contained herein to reflect future results, events
or developments, except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Digital Shelf Space Corp.
Jeffrey Sharpe
President and CEO
604.736-7977
604.736-7944 (FAX)
jeff(at)digitalshelfspace.com
www.digitalshelfspace.com

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