TORONTO, Sep. 5, 2008 (Canada NewsWire via COMTEX) —-Multimedia Nova Corporation (TSX-V: MNC.A) is pleased to announce a proposed non-brokered private placement of up to 600,000 Class A subordinated voting shares at a price of $0.50 per Class A subordinated voting share, for gross proceeds of up to $300,000.

All securities to be issued pursuant to the private placement will be subject to a four (4) month hold period. The private placement is conditional on TSX Venture Exchange approval. No bonus, finder’s fee or commission is being paid in connection with this transaction.