Devine Entertainment 2006 Results Reflect Active Development Year.

Company expects notable multiple source increases in 2007

TORONTO -- Devine Entertainment Corporation (OTCBB:DVNNF) today announced the Company's results for the year ended December 31, 2006. Revenues of $423,959, compared to 2005's $4,019,745 were lower primarily as a result of $2,952,356

in revenue from a non-recurring foreign distribution guarantee for Bailey's Billion$ that was recognized in 2005 (all in Canadian dollars). In addition, the establishment of new international distribution agreements with Carrere Group, which took effect late in 2006, delayed new international broadcast sales into 2007. Also, Devine's proprietary library of completed television programs and recordings generated lower revenues than in 2005. The Company expects significant library sales increases in 2007. EBITDA, defined as earnings before interest, taxes, depreciation, amortization and gains on settlement of debt was ($460,329) or ($0.01) per share in 2006. Net loss in year ended December 31, 2006, was ($2,514,151) or ($0.07) per share reflecting the Company's accelerated amortization of its proprietary film library and its work in progress which totaled $2,010,385.

President and C.E.O. David Devine noted: "2006 was a very active development year for the Company, focused on project financing, the production of a new primetime series and establishing new international distribution and co-production relationships, the positive financial impact of which will be reflected in our financial statements for the next six to twelve months and beyond."

The Company completed the $8.1 million financing of its new primetime mystery series for Chum Television, Across the River to Motor City and completed principal photography on the series on schedule and on budget. Canadian broadcast license agreements currently agreed to will generate initial revenues from the series of at least $4 million in the first six months of 2007 when the episodes will be completed and delivered. The Company is optimistic about the success of Across the River to Motor City and the possibility of new episodes of the series being ordered by Chum Television for 2007-2008. The Company also recently announced that subsequent to the year end, Chum Television committed additional funding for new scripts for the second season of Across the River to Motor City.

Devine also delivered master duplication and sales materials to Carrere Group of France (Paris Stock Exchange EPA: CAR) in August 2006. The Company expects that the multi-year agreement announced July 11, 2006 with Carrere Group will start to generate revenue from sales of Devine's film library in 2007. Additionally the Company is working closely with co-producer Carrere Group to bring its new six episode series The Writers' Specials, budgeted at approximately $7.5 million, into production.