FPN Announces Annual Financial Results.

TORONTO -- Fifty-Plus.Net International Inc. (TSX VENTURE:FPN) today announced the financial results for its first quarter ended September 30, 2005.

Net income for the quarter was $56,919 compared to net income of $36,233 for the comparable quarter last year.

Revenues of $210,786

for the quarter were up $13,986 from revenues of $196,800 for the comparable quarter last year. Increased advertising revenues of $23,044 for the quarter versus the comparable quarter last year were tempered by a reduction of $9,058 in other revenues, primarily in commissions received from one major customer.

Expenses for the quarter were $153,867 compared to $160,567 for the comparable quarter last year, a reduction of four percent for the quarter. The $6,700 reduction in expenses for the quarter is attributable to wages and amortization. Emphasis has continued to be on very tight cost controls aimed at ensuring the Company's viability long enough for its revenue-generating efforts to show results. Staffing levels are consistent with the comparable quarter last year. The Company continues to review all contracts with a goal of cost containment and further potential savings.

Management's continued focus on revenue generation and cost containment should further improve profitability in the months ahead in accordance with the Company's business plan for fiscal 2006.

As at September 30, 2005 the Company had cash on hand of $43,750 and a working capital deficiency, excluding the current portion of deferred revenue, of $239,769. Included in accounts payable and accrued liabilities of $360,310 are amounts totalling $226,198 due to senior management and the directors. Senior management and the directors have agreed to forgo these management and directors fees that are deferred liabilities owed by the Company once $200,000 of a previously announced line of credit has been advanced.

The complete financial statements may be viewed in the Investor Section of the Company's website at www.50plus.com and on SEDAR at www.sedar.com.

About Fifty-Plus.Net International Inc.

Fifty-Plus.Net International Inc. owns 50Plus.com, the leading Canadian web portal providing unique content, community and commerce for people over the age of 50. 50Plus.com is the online home of CARP, Canada's Association for the Fifty-Plus, the country's largest 50-plus advocacy group with more than 400,000 members and of 50Plus magazine, Canada's magazine for people over the age of 50, with readership of over 840,000. 50Plus.com is also an anchor partner with AOL Canada and Microsoft Canada for content directed at this audience. Fifty-Plus.Net International Inc. trades under the symbol FPN on the TSX Venture Exchange.

Cautionary Statement on Forward-Looking Statements

Certain statements made in this report are "forward-looking statements" which may include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe", "anticipate", "expect", "estimate", "project", "will be", "will continue" "will likely result" or similar words or phrases. Forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from the forward-looking statements. The risks and uncertainties are detailed from time to time in filings by Fifty-Plus.Net International Inc. with provincial securities commissions. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy and accuracy of this release.

Fifty-Plus.Net International Inc. (TSX VENTURE:FPN)