Yellow Media Announces 2014 Second Quarter Results Release Date

Yellow Media (TSX:Y) announces that it will issue its 2014 second quarter
results on August 6, 2014 for the period covering April 1 to June 30, 2014. A
conference call will be held on the same day at 1:00 p.m. (Eastern Time) to
discuss the results.

The call will also be broadcast live at:
http://www.ypg.com/en/investors/financial-reports/2014/quarterly-reports/second-quarter-webcast.

To participate in the conference call:

-- Toronto and overseas, dial (416) 340-2218
-- North America, dial 1 866 225-2055

To access the replay facility (between August 6 and August 13, 2014):

-- Toronto and overseas, dial (905) 694-9451
-- North America, dial 1 800 408-3053

Enter access code 1997641.

The replay of the conference call will also be available in the Investors
section of the Company's Web site at www.ypg.com.

About Yellow Media Limited

Yellow Media Limited (TSX:Y) is a Canadian digital and print media company,
offering businesses comprehensive media solutions to meet their key marketing
objectives and providing consumers with platforms to access reliable local
business information. By helping local businesses foster stronger relationships
with their consumers through its various media, the Company encourages the
growth of thriving neighbourhood economies. Yellow Media holds some of Canada's
leading local search properties and publications including YP.ca(TM),
Canada411.ca and RedFlagDeals.com(TM), the YP, ShopWise and RedFlagDeals mobile
applications and Yellow Pages(TM) print directories. Yellow Media is also a
leader in national digital advertising through Mediative, a division of Yellow
Pages Group devoted to digital marketing and performance media services for
national-scale agencies and customers. For more information, visit www.ypg.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations
Amanda Di Gironimo
Senior Manager, Corporate Finance and
Investor Relations
(514) 934-2680
amanda.digironimo@ypg.com

Media
Fiona Story
Senior Manager, Public Relations
(514) 934-2672
fiona.story@ypg.com

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