Parlay Entertainment Announces Grants of Stock Options

Friday August 17, 2007

Parlay Entertainment Inc., the world's leading supplier of Internet bingo solutions, today announced that the board of directors had agreeable the issuance of 375,000 stock options to directors and officers below the terms of its November 27, 2006 Stock Possibility Arrangement on August 16, 2007. The options issued are because follows.

The options were yes at an exercise price of $0.60 Cdn. per share and, beneath the terms of the November 27, 2006 Stock Option Angle, own a expression of five oldness and are subject to a two time vesting diary hide 25% of the options vesting instantly, a further 25% vesting on February 16, 2008, a further 25% vesting on August 16, 2008 and the final 25% vesting on February 16, 2009. Following the issuance of these options, professional are 708,653 options remaining available for issuance beneath the November 27, 2006 Stock Option Aim.

"These options are the ahead options all right to directors and officers since May 2004, other than grants to haul new directors and officers to our Company," oral Anthony De Werth, Parlay's Chairman. "Our compensation avenue for both directors and officers is intended to accommodate a grant of stock options. We affirm that the granting of stock options is an applicable channels of providing continued - expression incentives to both directors and senior executives of the Company and, agency general, aligns the interests of the executives blot out those of the shareholders."

About Parlay Entertainment

Parlay Entertainment Inc. is the world's leading developer and licensor of online bingo software. Because the inventor and patent holder of Internet bingo, Parlay was the antecedent company influence the world to prosper and deploy a appeal Internet bingo product. Parlay Bingo is available influence both 75-figure and 90-numeral versions and is complemented by a full group of sweepstake and casino games. The company's multi-entertainer, multi-platform technology is used to ability added online bingo sites than part other software provider influence the world. Some of the world's ace-declared brands bag Parlay Bingo solutions, including Virgin Bingo, AOL and Yahoo. Parlay and powers two leading European bingo networks operated by St. Minver and The Gaming Network. Parlay is headquartered in Oakville, Canada with locations in Bridgetown, Barbados, and Valletta, Malta.