Peace Arch Secures Loan from Sagansky, Craig

TORONTO, January 21: Peace Arch Entertainment Group has
received a C$2.65 million loan from CEO and co-chairman Jeff Sagansky and
fellow co-chairman Drew Craig for “general corporate purposes.”

Announcing the loan, Sagansky said: “While Peace Arch works
to finalize its 2007 financial statements and arrange long term financing for
its proposed acquisition of Contentfilm, the company continues to acquire and
exploit new programming to fuel future growth. Drew and I are pleased to be
able to support the company’s continued expansion during this transitional
period, and we continue to be very excited about the company’s prospects for
the future.”

The loans will carry an interest rate of 12 percent per year
and are repayable within one year from the time the loans are made.

—By Mansha Daswani