Chalk Media Corp. Announces Closing of Equity Financing

VANCOUVER, BC – November 23, 2007 – Chalk Media Corp. (TSX VENTURE: CKM) (“Chalk” or the “Company”) is pleased to announce that it has completed its previously announced equity financing (the “Offering”). Pursuant to the terms of the Offering, a total of 30 million common shares were issued at a price of $0.25 per common share for gross proceeds of $7.5 million. The Company has granted the underwriters an over-allotment option to purchase up to an additional 4.5 million common shares at $0.25 per common share, exercisable at any time up to 30 days from the closing of the Offering.

TD Securities Inc. and Blackmont Capital Inc. acted as lead underwriters in respect of the Offering.

The Company intends to use the net proceeds of the Offering to increase development, sales and marketing efforts for Chalk's software products, including hiring additional sales personnel, and for working capital and general corporate purposes.

The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended, or any securities laws of any state of the United States, and may not be offered or sold, directly or indirectly, within the United States except in certain transactions exempt from registration requirements of the U.S. Securities Act of 1933, as amended, and applicable state securities laws. This release does not constitute an offer to sell or the solicitation of an offer to buy common shares of Chalk in any jurisdiction in which such offer, solicitation or sale would be unlawful.