IPC Iplayco Corporation Ltd

Iplayco Corporation Limited (TSX VENTURE:IPC) ("Iplayco" or the "Corporation")
announces that it has renewed its revolving loan agreements with three of its
directors, including the Corporation's Chief Executive Officer and President,
and the Corporation's Chief Financial Officer, pursuant to which such directors
and officers (collectively, the "Lenders") will continue to lend to the
Corporation the aggregate principal amount of $310,000 (collectively, the
"Revolving Loans"). The Revolving Loans will continue to bear interest at the
rate of 15.0% per annum, are unsecured, mature on July 31, 2013 and can be
renewed for an unspecified number of additional six-month periods. Renewal of
the Revolving Loans requires joint approval of the Corporation and the Lenders.
The Corporation has agreed with one of its directors to not renew one Revolving
Loan in the aggregate principal amount of $100,000, pursuant to which the
Corporation will pay the aggregate sum of $111,295, including accrued interest,
to such director. The remaining Revolving Loans will continue to fund part of
the Corporation's working capital requirements. 


The Corporation's Board of Directors (the "Board") is composed of six directors,
of which three are independent directors and three are members of management,
including the Corporation's Chief Executive Officer, President and Executive
Vice-President. The Chairman of the Board and the Corporation's Executive
Vice-President did not participate in the Revolving Loans. The Board has
determined that renewing the Revolving Loans in the aggregate principal amount
of $310,000 is in the best interest of the Corporation and has unanimously
approved the terms of the Revolving Loans and the continued use of the Revolving
Loan proceeds.


ON BEHALF OF THE BOARD OF DIRECTORS

Scott C. Forbes, President and Director

About Iplayco Corporation Limited

Iplayco designs, manufactures and installs customized indoor and outdoor play
structures for children. Iplayco also owns and operates a family entertainment
centre ("The Great Escape") in Langley, British Columbia. For more information,
please visit www.iplaycoltd.com. 


Cautionary Note Regarding Forward-looking Statements

This news release contains certain forward-looking statements. All statements,
other than statements of historical fact, included herein, including without
limitation statements regarding the Corporation's business, results or future
plans, are forward looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from the Corporation's expectations are disclosed
elsewhere in documents that are available to the public.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Iplayco Corporation Limited
Max Liszkowski
Chief Financial Officer and Corporate Secretary
(604) 607-1111
(604) 607-1107 (FAX)
ir@iplayco.com
www.iplaycoltd.com

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