Magic Lantern Group Reports Delay in Filing Annual Report on Form 10-K for the Year Ended December 31, 2004

Market Wire, April, 2005

Magic Lantern Group, Inc. (AMEX: GML), a leading international distributor of educational content and third-generation, digital content and e-delivery solutions, announced today that it will be late in filing its 2004 Annual Report on Form 10-K with the SEC, which was due Friday, April 15, 2005. The Company currently expects to file the 2004 Annual Report by April 22, 2005.

The Company stated that the delay in filing was due to the inability of the Company's auditors to complete their audit of the Company's financial statements to be included in its 2004 Annual Report. As previously announced on March 3, 2005, the Company's current independent auditors, Schwartz Levitsky Feldman LLP, were engaged on March 1, 2005, as its independent auditor to audit the Company's financial statements for the fiscal year ended December 31, 2004.

About Magic Lantern Group, Inc.

Magic Lantern Group, Inc. operates several strategic subsidiaries and divisions, including the global distribution of videos and DVDs from more than 300 world-renowned producers, its core business for nearly 30 years. Key divisions are Sonoptic Technologies, a pioneer in commercial digital video encoding and online digital video utility and leading provider of third-generation digital technology solutions and the recently launched Magic Vision Digital Media, Inc., a provider of digital on-demand/on-line desktop delivery for sports entertainment, health care, human resource, and corporate governance and compliance industries. For more information, visit: http://www.magiclanterngroup.com.

Contact Information: For Investor Relations, contact Gary Geraci, National Financial Network, 617-723-2373, email: garyg@nfnonline.com and visit: http://www.nfnonline.com/gml/. At the Company, contact Lorraine Villa, Executive Assistant to the CEO, lvilla@magiclantern.ca, 1-800-263-1717 ext. 2450.

Any statements in this Press Release about future expectations, plans and prospects for the Company constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "could," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the company's current beliefs and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors, including those risks identified in our Annual Report on Form 10-K, which could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Revenue projections contained in this release are subject to the successful execution of e-commerce websites. The company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.

Contact Information: For Investor Relations Gary Geraci National Financial Network 617-723-2373 garyg@nfnonline.com http://www.nfnonline.com/gml/ Lorraine Villa Executive Assistant to the CEO lvilla@magiclantern.ca 1-800-263-1717 ext. 2450