May 03, 2012 at 12:30 PM EDT
Network Entertainment Nominated for 2012 Leo Awards

Vancouver, British Columbia, May 3, 2012, Network Media Group Inc.

(TSX-V: NME) and Network Entertainment Inc. ("Network" or

the "Company"), is proud to announce that it's 2012 feature

documentary, I Am Bruce Lee, has been nominated for seven Leo Awards.

Network's founder, CEO and producer of I Am Bruce Lee, Derik Murray,

said "We're excited to be honored in our hometown by the

prestigious Leo Awards. These nominations, along with the news of I Am

Bruce Lee garnering record ratings on Spike TV in the US, have further

reinforced a very exciting start to the year for Network

Entertainment."

I Am Bruce Lee is nominated in seven award categories:

Best Feature Length Documentary Program, Best Direction, Best

Cinematography, Best Picture Editing, Best Overall Sound, Best Sound

Editing and Best Musical Score in a Documentary Program or Series.

Paul Gertz, Network's President, shared "Reflecting back on

Network's past success at the Leo Awards with our Academy Award

shortlisted film Facing Ali, for which we were honored to win the 2010

Leo for Best Documentary, our entire team is looking forward to this

year's awards night with great anticipation."

The Motion Picture Arts & Sciences Foundation of British Columbia

is a not-for-profit organization whose mission is to celebrate and

promote the achievements of the British Columbia film and television

industry through the presentation of an annual awards program - the

Leo Awards. The 2012 Leo Awards will be held at a Gala Awards Ceremony

on Saturday May 26, 2012 at the beautiful Fairmont Hotel Vancouver.

For more information on I Am Bruce Lee, please visit:

www.iambruceleemovie.com.

About Network Entertainment Inc.

Network Entertainment Inc., founded in 1999 and headquartered in

Vancouver, BC, is the operating subsidiary of Network Media Group Inc.

(TSX-V: NME). It is an established television and film production

company with an award-winning international reputation. Network's

programming has been showcased at marquee film festivals and by

broadcasters throughout North America including ABC, ESPN, ESPN

Classic, CBC, CTV, Global Television, Headline Sports, The Biography

Channel, The History Channel, OLN, Spike, TSN and Versus.

For more information about Network Entertainment Inc., please visit

www.networkentertainment.ca .

For information about Network Media Group Inc., visit

www.networkmediagroup.ca .

For further information concerning this press release, please email

info@networkentertainment.ca.

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as

that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the

adequacy or accuracy of this

release.

Except for historical information contained herein, this news release

contains forward-looking

statements that involve risks and uncertainties. Actual results may

differ materially. Except as

required pursuant to applicable securities laws, the Company will not

update these forward-looking

statements to reflect events or circumstances after the date hereof.

More detailed information about

potential factors that could affect financial results is included in

the documents filed from time to

time with the Canadian securities regulatory authorities by the

Company.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

OR DISSEMINATION IN THE UNITED STATES

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