IN Innovium Media Properties Corp.

Innovium Media Properties Corp. (TSX VENTURE:IN)(FRANKFURT:IH7)("Innovium") is a
public company with one investment. 


- Innovium owns roughly 40% of Seed Media Group LLC ("Seed"). 

- Innovium trades on the TSX Venture Exchange and the Frankfurt Stock Exchange. 

Seed Media Group LLC is a private company based in New York City.

-- Seed is headed by its Founder, Adam Bly.

-- Seed's goal is to be a dominant participant in the science information and
technology sector. 


-- Seed's global brand was built on the success of SEED magazine (print and
online). 


-- Seed's growth is provided by the following 3 distinct initiatives:

Seed Digital Media - ScienceBlogs, LLC is the world's largest science discussion. 

-- Reaching over two million unique visitors per month. 

-- Science Blogs is owned by Seed and Hubert Burda Media. 

-- Blogs are in English, German and Portuguese. 

Visualization is the dynamic and interactive graphic representation of information. 

-- Develops software that is used by organizations to make their data more
understandable and marketable. 


-- Headed by Ben Fry, co-creator of Processing 1.0 software. 

SEED Magazine - "Science is Culture" is an award-winning magazine that has
printed 22 issues and also publishes online. 


-- The magazine has created a significant global brand and continues its mission
of advancing global science literacy.


Innovium had a 2009 third quarter net loss of $1,179,000 compared to net
earnings of $414,000 in the third quarter of 2008 (a loss of $1,887,000 for the
first nine months of 2009 compared to earnings of $4,152,000 for the same period
in 2008). Interest and dividend income increased by 39% in the third quarter of
2009 compared to the third quarter of 2008 (an increase of 73% nine months
versus nine months), attributable to the number of interest-bearing and
dividend-bearing advances Innovium has made to Seed vis-a-vis comparable
advances as of one year earlier.


As Innovium's investment in Seed is denominated in US dollars, in the third
quarter of 2009 the Company recorded an unrealized foreign exchange ("forex")
loss of $1,139,000 (third quarter of 2008 - unrealized forex gain of $342,000)
on its Seed investment resulting in an unrealized forex loss of $1,741,000 for
the first nine months of 2009 (first nine months of 2008 - unrealized forex gain
of $526,000). 


Compared to the third quarter of 2008, the Company experienced a $91,000
increase in general and administrative costs in the third quarter of 2009 due
primarily to an increase in interest and stock option expenses (a $330,000
decrease for the first nine months of 2009 compared to the same period in 2008).


In the third quarter of 2009, Innovium advanced an additional US$362,000 under
the Seed Bridge, converted US$50,000 of accounts receivable into the Seed Line
of Credit and advanced US$1 million as part of a 12% Seed Series C preferred
share financing.


For additional information please visit:

Innovium: innovium.ca; Seed: seedmediagroup.com; ScienceBlogs: scienceblogs.com,
scienceblogs.de, and scienceblogs.com.br; Visualization: seedvisualization.com;
and, SEED Magazine: seedmagazine.com 


Or email us at: innovium@innovium.ca



              Table of Highlights of the Financial Statements

                                    Three months ended    Nine months ended
                                          September 30         September 30
(Expressed in thousands of Canadian ----------------------------------------
 dollars, except per share amounts)     2009      2008       2009      2008
                                    --------  --------   --------  --------

Interest and dividend income        $    303    $  218      $ 907   $   523
Unrealized gains (losses) on
 investments                          (1,139)      342     (1,741)      526
Gains on investments                      --        --         --     4,313
Agri-products revenue                     --        --         --        60
Other income                              --        --         --        17

General and administrative expenses      342       251      1,043     1,373
Depreciation                               7         8         21        23
Foreign exchange gain                     (6)     (113)       (11)     (109)

Net earnings (loss)                 $ (1,179)   $  414   $ (1,887)  $ 4,152

Net earnings (loss) per share       $  (0.01)   $ 0.00   $  (0.02)  $  0.05

Cash used in operating activities
(after net change in working
 capital balances)                  $   (145)   $ (262)  $   (800)  $  (772)



                                                                As At
                                                        --------------------
                                                         Sept. 30,   Dec.31,
(Expressed in thousands of Canadian dollars)                 2009      2008
                                                         --------  --------
Cash and cash equivalents                                $     61  $    731
Accounts receivable and other assets                           12        77
Short-term investments                                         58       113

Total current assets                                          131       921

Venture investments                                        13,737    11,631
Capital assets, net                                           128       149

Total assets                                             $ 13,996  $ 12,701

Accounts payable and accrued liabilities                 $     22  $     11
Term loans                                                  1,754        --

Total liabilities                                        $  1,776  $     11

Shareholders' equity                                     $ 12,220  $ 12,690



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