The Wonderfilm Media Corporation announced that the board of directors of the Company (the "Board") has appointed Stephen Brown as the President, Chief Executive Officer and as a Director of the Company and Mark Groenewald as the Chief Financial Officer of the Company, effective immediately. In addition, the common shares in the capital of the Company (the "Common Shares") will be reinstated to trading on the TSX Venture Exchange (the "Exchange") on March 26, 2020. Stephen Brown has been appointed to serve as the President and Chief Executive Officer of the Company and Mark Groenewald has been appointed to serve as the Chief Financial Officer of the Company.

In addition to his appointment as President and Chief Executive Officer of Wonderfilm, the Board has appointed Mr. Brown as a Director of the Company to fill the vacancy created upon the resignation of Norman Tsui on March 9, 2020. Mr. Brown is a successful entrepreneur focused on the production of independent film, music and television series. Mr. Groenewald is an experienced financial officer and holds a Bachelor of Accounting Science Degree from the University of South Africa.

Mr. Groenewald currently serves as the Chief Financial Officer of International Zeolite Corp. and has held a number of executive positions with both private and public companies. To make room for the appointment of Mr. Brown, the Board has accepted the resignation of Kirk Shaw as the President and Chief Executive Officer of the Company effective immediately.

Mr. Shaw will remain as a Director of Wonderfilm and will continue to provide his invaluable experience to the Company. The Company thanks Mr. Shaw for his significant contributions and service in founding and leading Wonderfilm since its inception and looks forward to his continued guidance and support as a key member of the Board.