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Knightscove Media Corp. Announces Modification to Private Placement Financing

Knightscove Media Corp. (TSX VENTURE: KC.A)(TSX VENTURE: KC.B) ("Knightscove") is pleased to announce that, further to its previously issued press release of May 19, 2011, it now intends only to complete a non-brokered private placement financing of units ("Units") at a price of $0.10 per Unit for gross proceeds of up to CDN$650,000.00 (the "Offering"). Knightscove is confident that completion of the reduced Offering will be sufficient to satisfy its capital requirements at this time thus preventing unnecessary dilution for its shareholders at the Offering price.

Taking part in the Offering will be certain directors and related insiders of Knightscove, among others. Each Unit shall consist of one subordinate voting share ("KC Share") of Knightscove and one-half of one subordinate voting share purchase warrant ("Warrant"), each whole Warrant entitling the holder to acquire one KC Share at an exercise price of CDN$0.20 per KC Share for a term of one year. Knightscove intends to use the net proceeds to reduce the debt of the Corporation and for present working capital purposes. Knightscove may pay finder's fees to eligible persons with respect to the Offering and will be subject to receipt of regulatory approval.

The KC Shares, the Warrants and the KC Shares issuable upon the exercise of the Warrants are subject to resale restrictions. Closing of the Offering is subject to receipt of regulatory approval, including final TSX Venture Exchange approval.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release or the information contained herein.