Warner Bros. Pictures' Next IMAX 3D Adventure Hits IMAX(R) Theatres

Starting February 13, 2009

LOS ANGELES, CA, Nov. 17 /PRNewswire-FirstCall/ - Warner Bros. Pictures Inc. and IMAX Corporation (Nasdaq: IMAX; TSX: IMX) today announced that Jim Carrey will narrate Under the Sea 3D, the third IMAX(R) 3D co-production between the two companies. Scheduled to be released to IMAX(R) theatres beginning on February 13, 2009, Under the Sea 3D will offer an entertaining and uniquely inspirational way to explore the beauty and natural wonder of the oceans. Moviegoers will be able to experience face-to-face encounters with some of the most mysterious and stunning creatures of the sea. In IMAX 3D, the images appear to leap off the screen and float around the theatre, putting the audience IN the movie.

"Jim Carrey is a favorite of film audiences everywhere and of every generation, so he is the perfect choice to narrate this undersea adventure for moviegoers of all ages. We are also very proud to be working with IMAX to bring audiences this visually stunning film that reminds us all of the beauty and magic of our oceans, and the importance of preserving them for future generations," said Dan Fellman, President, domestic distribution, Warner Bros. Pictures.

"With his roots in Toronto, home of the world's first permanent IMAX theatre, Jim is very familiar with The IMAX Experience and we're very excited to collaborate with him on this meaningful project," said Greg Foster, Chairman and President, IMAX Filmed Entertainment. "His voice will draw people into this world of mysterious creatures and dazzling colors featured in Under the Sea 3D and we welcome him into the IMAX family."

Jim Carrey next stars in Warner Bros. Pictures' comedy Yes Man, due to be release on December 19, 2008. He previously earned Golden Globe Awards for his performances in Man on the Moon and The Truman Show. His numerous film credits also include Eternal Sunshine of the Spotless Mind, Bruce Almighty, How The Grinch Stole Christmas, Liar, Liar, Batman Forever, The Mask and Ace Ventura: Pet Detective. His upcoming films include Robert Zemeckis' A Christmas Carol, in which he plays Ebenezer Scrooge and the Ghosts of Christmas Past, Present and Future.

Under the Sea 3D is filmed by award-winning director/cinematographer Howard Hall, produced by Toni Myers, executive produced by Graeme Ferguson, and produced for Howard Hall Productions by Michele Hall. In addition to the 2006 release of Deep Sea 3D, Hall, Ferguson and Myers were all part of the accomplished filmmaking team behind IMAX's first underwater 3D adventure, Into The Deep, which has grossed more than $70 million since its 1991 release.

Under the Sea 3D follows the 2006 box office hit Deep Sea 3D, which has grossed $75 million worldwide. Deep Sea 3D continues to draw audiences after more than 100 weeks in release, demonstrating the strong legs and tremendous appeal that original IMAX 3D productions have become famous for throughout the exhibition industry.

About IMAX Corporation

IMAX Corporation is one of the world's leading entertainment technology companies, specializing in immersive motion picture technologies. The worldwide IMAX network is among the most important and successful theatrical distribution platforms for major event Hollywood films around the globe, with IMAX theatres delivering the world's best movie presentations using proprietary IMAX, IMAX 3D, and IMAX DMR(R), technology. IMAX DMR is the Company's groundbreaking digital re-mastering technology that allows it to digitally transform virtually any conventional motion picture into the unparalleled image and sound quality of The IMAX Experience. IMAX's renowned projectors display crystal-clear images on the world's biggest screens, and the IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of September 30, 2008, there were 320 IMAX theatres operating in 42 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR-, IMAX- MPX-, and The IMAX Experience(R) are trademarks of IMAX Corporation. More information on the Company can be found at www.imax.com.

This press release contains forward looking statements that are based on management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Important factors that could affect these statements include ongoing discussions with the SEC and OSC relating to their ongoing inquiries and the Company's accounting, the performance of films, the signing of theatre system agreements, the viability of new technologies, businesses and products, the timing of theatre system deliveries, the mix of theatre systems shipped, the timing of the recognition of revenues and expenses on film production and distribution agreements, risks arising from potential material weaknesses in internal control over financial reporting and fluctuations in foreign currency and in the large format, general commercial exhibition and out-of-home entertainment markets. These factors and other risks and uncertainties are discussed in the Company's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.

SOURCE IMAX Corporation - 11/17/2008

CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212)
821-0155, sgormley@imax.com; Entertainment Media: Rogers & Cowan, Los Angeles,
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Corporation - New York, Heather Anthony, (212) 821-0121, hanthony@imax.com;
Business Media: Sloane & Company, New York, Whit Clay, (212) 446-1864,
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(IMAX IMX.)