The Caisse de dépôt et placement du Québec (the “Caisse”) announces that it has acquired, following the conversion of a debenture, 2,000,000 Class A shares of FRV Media Inc. [FRV:V] («FRV») (or 3.23% of such shares outstanding) at a price of $0.05 per share. As previously announced by FRV, this conversion is part of its debt restructuring. As part of this restructuring, a second convertible debenture in the amount of $150,000 (the "Initial Debenture") held by the Caisse has been canceled and in exchange, the Caisse has received a non convertible debenture (the "New Debenture") for an amount of $178,536 representing the unpaid principal and interests of the Initial Debenture. The New Debenture bears an interest rate of 12% and is repayable starting from 31 January 2010.

Before the acquisition of the Class A shares, the Caisse held 6,041,390 Class A shares or 15,79% of all of the issued shares of that class. Following this transaction, the number of Class A shares of FRV held by the Caisse is 8,041,390 or 13 % of such shares outstanding.

This transaction was made for investment purposes and the Caisse could increase or decrease its investments in FRV, depending on market conditions or any other relevant factor.

- 30 -