IN Innovium Media Properties Corp.

Innovium Media Properties Corp. ("Innovium" or the "Company") (TSX VENTURE: IN)(FRANKFURT: IH7) wishes to announce that Lorne Mayers has resigned as a Director of the Company effective December 20, 2010. Innovium would like to thank Mr. Mayers for his years of service to the Company.

About Innovium Media Properties Corp.

Innovium's venture investment portfolio is devoted to Seed Media Group LLC, a private media and technology company focused on the professional and consumer science markets. Seed's award winning brands include Seed® (seedmagazine.com) and ScienceBlogs® (scienceblogs.com). Innovium trades under the symbol IN on the TSX Venture Exchange ("TSX - V") and IH7 on the Frankfurt Stock Exchange ("FWB").

For additional information contact: innovium@innovium.ca.

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 (514) 281-0481 ceo@innovium.ca Innovium Media Properties Corp. James Macintosh President and COO (416) 862-7444 coo@innovium.ca Innovium Media Properties Corp. Julio DiGirolamo CFO and Corporate Secretary (416) 862-7444 cfo@innovium.ca innovium@innovium.ca