FRV Media Completes the Acquisition of Tutti Frutti and Creates Altau-Tutti Frutti, A New Unit.

MONTREAL -- FRV MEDIA ("FRV" or the "Company") (TSX VENTURE:FRV) announces that it has completed the acquisition of Tutti Frutti Inc. ("Tutti Frutti"), following an agreement in principle announced on February 22, 2006.

Tutti Frutti is a documentary producer founded in 2002 and wholly owned by Mr. Orlando Arriagada. Some of the programs produced by Tutti Frutti's include Arafat mon frere (Radio-Canada, RDI, Planete (France), Images Plus, NMO (Holland), Batisseurs d'ailleurs (TV5), Taxi a la carte (TVA), and Quels cirques! (TV5, ARTV, Bravo!).

The purchase price could reach $1 million subject to Tutti Frutti achieving certain post-acquisition performance results. Of this amount, $100,000 was paid in cash at the closing. The remainder is payable in FRV Media shares, valued at between $0.40 and $0.50 per share. One million shares were issued to Mr. Arriagada at the close of the transaction. Subject to certain results being achieved, FRV Media will issue Mr. Arriagada up to one million additional shares between now and March 31, 2008.The shareholder agreements among the significant shareholders of FRV Media have been amended to include Mr. Arriagada.

Tutti Frutti's five-person permanent team is being integrated from the existing FRV Media unit Altau, to form Altau-Tutti Frutti, a new FRV Media operating unit largely focused on documentaries.Mr. Arriagada is now Altau.tv's executive vice-president and producer. Altau founder Jean Langevin will be the president of the new Altau-Tutti Frutti subsidiary.He will focus the development of the unit on the Canadian and European markets.

"Tutti Frutti will give FRV Media the boost we were looking for in our documentary activities," stated FRV Media president and CEO Richard Laferriere. "Orlando Arriagada has surrounded himself with a very competent team, already recognized for their quality work. Tutti Frutti is an excellent addition to our company. Not only should it immediately contribute to FRV's bottom line, but i has excellent potential for international development."

FORWARD LOOKING INFORMATION

This press release contains forward looking statements reflecting the objectives, estimates and expectations of FRV Media management. These statements are identified by the use of verbs such as "believe," "anticipate," "estimate" and "expect" as well as the use of the future or conditional tense. By their very nature, these types of statements involve risk and uncertainty. Consequently, results could differ materially from the Company's projections or expectations. For information on the nature of risk factors not specifically discussed in this press release, the reader can consult FRV's 2005 Annual Report under the heading "Risks and Uncertainties," page 18.

ABOUT FRV MEDIA

FRV Media Inc. is a producer, exporter and integrator of quality content deployed across multiple platforms: television, cinema, multimedia and publishing. Through its wholly owned subsidiaries Cite-Amerique, Altau.tv and FRV Media International, the Company creates and distributes dramatic content (TV series, made-for-TV movies and feature films), youth programs, children's programs, documentaries, variety shows and magazine-style series. It is also involved in dubbing and event coverage and recording.

Note: The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

FRV Media Inc. (TSX VENTURE:FRV)