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2010 | 2009

Mediagrif Interactive Technologies Announces the Renewal of its Normal Course Issuer Bid

Longueuil, Canada – March 3, 2009: Mediagrif Interactive Technologies Inc. ("Mediagrif" or the "Corporation") (TSX: MDF), a world-leading developer of e-business networks and provider of complete B2B e-business solutions, announces the renewal of its Normal Course Issuer Bid in accordance with the Toronto Stock Exchange ("TSX") approval.

Therefore, beginning on March 5, 2009, Mediagrif will be authorized to acquire for cancellation, from time to time, during a twelve-month period and when it deems it appropriate, up to a maximum of 700,865 common shares, representing 5% of the 14,017,308 issued and outstanding shares as of February 27, 2009. Mediagrif's management considers that the acquisition of common shares in the course of this Issuer Bid may represent a sound use of the Corporation's funds both for the Corporation and for its shareholders. All purchases will be made through the facilities of the TSX.

None of Mediagrif's directors or senior officers, nor any of their associates, nor any person acting jointly or in concert with Mediagrif, or holding 10% or more of the shares of any class of shares of Mediagrif, will receive any direct or indirect benefit as a result of this Normal Course Issuer Bid other than the benefits conferred upon all the shareholders of Mediagrif. As of the date hereof, Mediagrif has purchased 568,353 common shares at an average purchase price of $3.14 per share under its Normal Course Issuer Bid that started on March 5, 2008 and terminates on March 4, 2009.

Purchases on the renewed Normal Course Issuer Bid may commence on March 5, 2009 until, at the latest, March 4, 2010. The average daily trading volume ("ADTV") of Mediagrif's common shares on the TSX was 6,256 for the six-month period, which started on August 1, 2008 through January 31, 2009. Based on that number, Mediagrif would be entitled to purchase up to 25% of the ADTV on any trading day, being 1,564 common shares. In accordance with the rules of the TSX, a listed issuer may make one block purchase per calendar week that exceeds the daily repurchase restriction.

On November 3, 2008, in its Staff Notice 2008-0005, the TSX granted a temporary relief, in effect until March 31, 2009, to listed issuers making purchases under a Normal Course Issuer Bid. Under the temporary relief, listed issuers are authorized to purchase daily on the TSX up to a maximum of 50% of the ADTV instead of the maximum of 25% prescribed by the rules of the TSX. For Mediagrif, this means a possibility of daily purchases of up to 3,128 common shares under its Normal Course Issuer Bid until March 31, 2009.

About Mediagrif Interactive Technologies Inc.

Mediagrif Interactive Technologies Inc. (TSX: MDF) is a world-leading operator of e-business solutions. Mediagrif's e-business networks allow buyers and sellers within specific industries to source, purchase or sell products and to exchange documents more efficiently using the Internet. Mediagrif operates 15 networks, including industry leaders The Broker Forum , Power Source On-Line , Telecom Finders , Global Wine & Spirits and Polygon . Mediagrif also owns MERX , the exclusive provider of e-publishing services to the Government of Canada, and is a leading provider of government bid aggregation services and e-procurement services in the U.S. Headquartered in Longueuil, Mediagrif has several offices in North America and Asia. For more information, please visit us at www.mediagrif.com or call 1 877 677-9088.

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