Multiplied Media Corporation announces increase in unit financing to $800,000

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    CALGARY, Dec. 12 /CNW/ - Multiplied Media Corporation (TSX-V: MMC) (the
"Company") is pleased to announce that it has increased its previously
announced non-brokered private placement by $100,000, and will now issue an
aggregate of 16,000,000 Units for total gross proceeds of $800,000 ("the
Offering"). Each Unit is comprised of one common share ("Common Share") at a
subscription price of $0.05 per Common Share and one half warrant. Each whole
warrant will be exercisable for one Common Share at a price of $0.10 per
Common Share, with the warrants expiring two years from the date of issuance.
    The private placement is now expected to close on December 18, 2008.
    The Company will use proceeds of the Offering to implement the business
plan of the Company and for general working capital purposes.
    All of the Common Shares issued pursuant to the Offering will be subject
to a four-month hold period from the date of distribution.

    About Multiplied Media Corporation
    ----------------------------------

    Multiplied Media Corp. (www.multiplied.com) has developed the
award-winning application Poynt (www.mypoynt.com), the multimedia local search
service available over Microsoft's Windows Live Messenger, AOL's AIM instant
messaging network and BlackBerry smart phones. Through agreements with Yellow
Pages Group in Canada, Idearc Media (SuperPages.com) in the United States and
t-info and Infobel in Europe, Poynt simplifies finding and connecting with
businesses, retailers and events wherever and whenever it is most convenient
for the consumer. Headquartered in Calgary, AB, Canada, Multiplied Media
trades on the TSX Venture Exchange under the symbol MMC.

    Forward Looking Statements
    --------------------------

    Certain statements in this release, other than statements of historical
fact, may include forward-looking information that involves various risks and
uncertainties. There can be no assurance that such forward-looking statements
will prove to be accurate. Actual result and future events could differ
materially from those anticipated in such statements. These and all subsequent
written and oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and expressly qualified in
their entirety by this notice. The Company assumes no obligation to update
forward-looking statements should circumstances or management's estimates or
opinions change, other than as required pursuant to applicable securities
laws.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information: Andrew Osis, CEO & Director, Multiplied Media
Corporation, (403) 313-3719, andrew.osis@multiplied.com