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File: PRESS RELEASE SUSPENSION OFCORRIERE CANADESE MAY 3 20131 (cln).doc

Media advisory
MULTIMEDIA NOVA RECEIVES CAUTIONARY ADVICE FROM ITS  LARGEST CUSTOMER AND PLANS TO TEMPORARILY CEASE PUBLICATION OF CO
--->RRIERE CANADESE

TORONTO, ON,  May 3, 2013 - Multimedia Nova Corporation (TSX-V: MNC.A) ("Multimedia" or the "Company") announces that 
--->it has been advised by Italmedia S.r.l. ("Italmedia"), the Company's largest customer, which is based in Italy and rep
--->resents approximately 39% of the Company's revenue base, that an anticipated payment of Cdn$3 million from Italmedia t
--->o the Company has been substantially reduced for reasons that are being assessed.   The Company has also been advised 
--->that the expected timing of the reduced payment is also delayed.

Italmedia has been the recipient, under Publishing Law 250 (Italy), of an annual grant, since 1994, from the Italian g
--->overnment for the publishing of Corriere Canadese in Canada.  Corriere Canadese is one five daily Italian language new
--->spapers in the world, outside of Italy, which receive such grants.  Costs associated with publishing Corriere Canadese
---> have been borne by Multimedia, as the service provider in Canada, in anticipation of being paid by Italmedia as is cu
--->stomary each year. 

The Company, with its external professional advisers, is evaluating the impact of the delayed and reduced payment on t
--->he Company's future operations.  In the interim, the Company plans to take immediate steps by temporarily ceasing the 
--->publishing of Corriere Canadese.  The last edition is scheduled to be released on Saturday, May 4. 2013.   Further ann
--->ouncements will be made as information becomes available. 

The Company also announces the resignations of Guy Jarvis and Knox Henry as directors.  "We want to thank Guy and Knox
---> for their dedication and service throughout their tenures as directors.  Their advice and counsel will be missed," sa
--->id Lori Abittan, President and Chief Executive Officer of the Company.
  
For further information please contact Ms. Lori Abittan, President and Chief Executive Officer at (416) 785-4300, fax 
--->(416) 785-4303.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities r
--->egulation, including statements regarding the future activities of the Company.  Forward-looking statements reflect th
--->e current beliefs and expectations of management and are identified by the use of words including "will", "anticipates
--->", "anticipated", "expects", "expected", "plans", "planned" and other similar words.  Actual results may differ signif
--->icantly.  The achievement of the results expressed in forward-looking statements is subject to a number of risks, incl
--->uding those described in the Company's management discussion and analysis as filed with the Canadian securities regula
--->tory authorities which are available at www.sedar.com.  Investors are cautioned not to place undue reliance upon forwa
--->rd-looking statements.