SOURCE: Press Release

(Oakville, Ontario) — Parlay Entertainment Inc. (TSX VENTURE: PEI.V) ("Parlay" or the "Company"), announced today that it has now received three expressions of interest from parties interested in conducting due diligence which could result in a possible purchase of all of the issued and outstanding shares of the Company.

Parlay announced that its data room, which was established at the offices of its solicitors and which is now available on a virtual basis, will remain accessible to parties interested in conducting due diligence over the next two weeks.

The Company has commenced negotiations with these parties and will entertain binding offers to purchase all of the issued and outstanding shares of the Company by the end of February 2008.

There can be no assurance that any agreement will be entered into as a result of the negotiations around any expression of interest received by the Company, nor can there be any assurance that any proposed transaction will be completed or approved by the shareholders of Parlay.