Devine Entertainment Reports September 30, 2004 Results; Dramatic Increase in Operating Revenues and Profits.

TORONTO -- Devine Entertainment Corporation (CUB:DVNN, NASD OTC PK:DVNNF) today reported results for the third quarter and nine months ended September 30, 2004 (all amounts in Canadian dollars), highlighted by dramatic increases in operating revenues and profits from ongoing sales of the Company's film library and new revenues recognized on the delivery of the Company's first feature film, Bailey's Billion$.

Revenues from the Company's operations for the three months ended September 30, 2004 increased almost seventeen-fold to $3,115,182 from $184,985 for the same period in 2003, reflecting revenues of $2,916,250 from sales of Bailey's Billion$ as well as revenues of $198,939 from ongoing sales of the Company's library of films. Revenues from Bailey's Billion$ include sales of distribution rights in over ten foreign territories (including Greece, Hungary, Indonesia, Latin America, Mexico, the Middle East, Poland, Portugal , Romania, Russia and Turkey) and sales of interests in the film to Telefilm Canada, Corus Entertainment and Astral Communications which are recognized upon delivery of the completed film. Revenues from the sale of the Company's library of films continued to grow by over 7.5% in the third quarter of 2004 as compared to the same period in 2003 and by approximately 40% to $686,204 for the nine months ended September 30, 2004 as compared to $490,420 for the same period in 2003.

Net income in the third quarter 2004 totalled $1,100,560, or $0.05 per share as compared to a net loss of $147,221, or $0.01 per share for the same period in 2003. Net operating income in the third quarter 2004 totalled $824,434, or $0.03 per share. The terms of a services agreement entered into in the period with the Devine Entertainment Limited Partnership entitling the Partnership to assume certain operating expenses reduced the Company's expenses by approximately $400,000, thereby increasing the Company's net income. Gains on previously announced settlements of debt and accounts payable also increased the Company's net income in the three months ended September 30, 2004 by $276,482 or approximately $0.01 per share. Net Income for the nine months ended September 30, 2004 increased to $4,156,540 or $0.22 per share as compared to a net loss of $394,413 or $0.03 for the same period in 2003.

Shareholder equity continued to increase by $2,005,726 in the three months ended September 30, 2004 and has increased by $6,040,211 in the nine months ended September 30, 2004 to $3,803,889 from a deficiency of $2,236,322 at December 31, 2003

President and CEO David Devine noted, "The Company is moving forward positively as a result of the delivery of Bailey's Billion$ and the continued strength in the sales of its film library. A new limited partnership financing, which the Company expects to close before the year end, is also expected to generate additional cash flow and increase profits later this year." The Company expects this positive trend to continue with the upcoming international release and additional sales of Bailey's Billion$, the continued success and growth of library sales around the world, additional limited partnership financings contemplated in the years to come, and encouraging prospects for new production in the future.

Five-time Emmy Award-winning Devine Entertainment Corporation develops, produces and distributes children's and family entertainment for the theatrical motion picture, television and Video/DVD marketplace world-wide. Their film series on landmark Composers', Inventors' and Artists' are critically acclaimed and broadcast in over 50 countries. The Company's first feature film for theatrical release, Bailey's Billion$, is slated for release in 2005. Headquartered in Toronto, Ontario the Company's common shares trade under symbol DVNN on the Canadian Unlisted Board (CUB), and the NASD OTC PK market in the U.S.under the symbol DVNNF. The Company's corporate website is www.devine-ent.com.

DEVINE ENTERTAINMENT CORPORATION

                 CONSOLIDATED STATEMENTS OF OPERATIONS
                              (Unaudited)
                         (in Canadian dollars)

                             Three months            Nine months
                            ended Sept. 30,        ended Sept. 30,

                           2004        2003       2004        2003
                         -------     -------     -------     ------

REVENUE                  $3,115,182   $184,985  $3,602,454   $490,420
                        -----------  --------- -----------  ---------

INCOME/(LOSS) before        824,434   (143,721)    840,589   (376,170)
 the following:
Write-down of
 investment in film,
 television programs &
 recordings                       0          0  (1,000,000)         0

Gain on settlement of
 debt                       276,482          0   4,316,307          0

Income/(Loss) before
 income taxes             1,100,916   (143,721)  4,156,896   (376,170)

Income taxes
 (recovered)                    356      3,500         356     18,243

NET INCOME/(LOSS) for     1,100,560   (147,221)  4,156,540   (394,413)
 the period

NET INCOME/(LOSS) PER         $0.05     $(0.01)      $0.22     $(0.03)
 COMMON SHARE             ==========   ==========   =======   ========

WEIGHTED AVERAGE
 SHARES - BASIC          24,286,860 14,261,838  19,245,570 14,261,838

This press release may contain forward-looking statements relating to the future performance of Devine Entertainment Corporation. Forward-looking statements, specifically those concerning future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include the Company's limited operating history and fluctuations in revenues; market acceptance of the Company's products and services; competition within the film and entertainment industry and the introduction of new entrants and/or products in the Company's markets; adverse changes in governmental regulations and policies affecting the film and entertainment industry; product development risks and risks of technological change; the risk of unanticipated expenses; and other risks and uncertainties all as described in the disclosure documents filed with securities regulatory authorities in accordance with applicable securities laws. Readers are cautioned that the foregoing list of factors is not exhaustive. Although the Company believes that the expectations conveyed by the forward-looking statements are reasonable based on information available to it on the date such forward-looking statements are made, no assurances can be given as to future results, levels of activity and achievements. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.