The Caisse de dépôt et placement du Québec acquires shares of FRV Media Inc.

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.