IMAX Secures Seventh Hollywood Simultaneous Release for 2006

Unique Adventure Comedy Targeted For Commercial and Institutional
IMAX(R) Theatres

LOS ANGELES, CA, Oct. 25 /PRNewswire-FirstCall/ - IMAX Corporation (NASDAQ: IMAX; TSX: IMX) and Twentieth Century Fox today announced that Night at the Museum, directed by Shawn Levy (The Pink Panther and Cheaper by the Dozen) and starring Ben Stiller and Robin Williams, will be simultaneously released to both IMAX(R) and conventional theatres on December 22, 2006. The adventure comedy will be digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience(R) with proprietary IMAX DMR(R) (Digital Re-mastering) technology. Night at the Museum is the seventh IMAX DMR film secured for 2006, the largest number of Hollywood blockbusters slated for release to IMAX theatres in a single year.

"Night at the Museum will look and sound incredible in IMAX's immersive format, and we are excited to offer moviegoers a chance to experience this event motion picture in a unique and premium way," said Bruce Snyder, President, Domestic Distribution, Twentieth Century Fox. "We are thrilled to once again extend our relationship with IMAX and look forward to releasing this delightful film to the IMAX theatre network."

That sentiment is echoed by 20th Century Fox International Co-presidents Paul Hanneman and Tomas Jegeus who add, "The timing is exceptional for this release internationally as the IMAX format is growing in both popularity and locations overseas. We think the theme and content of Night at the Museum is a perfect complement to both commercial and institutional IMAX locations worldwide."

"The comic genius of Ben Stiller and Robin Williams combined with the film's outrageous action should fit nicely into our well-rounded year-end lineup of Hollywood films," said IMAX Co-CEO's Richard L. Gelfond and Bradley J. Wechsler. "With a third film commitment from Twentieth Century Fox, and a seventh title for 2006, it is clear that Hollywood studios recognize the value of the IMAX theatre network as a distribution platform. This highly-anticipated film will enable IMAX theatres to deliver another great experience for every member of the movie-going audience during the holiday season. We believe the film's unique setting and subject matter makes it ideal for both our commercial and institutional theatres. "

"We are delighted to continue our partnership with Twentieth Century Fox to offer moviegoers another immersive and exciting experience in IMAX theatres," added Greg Foster, Chairman and President of IMAX Filmed Entertainment. "Night at the Museum is an excellent fit for the IMAX theatre network, which includes a large number of museums and institutions around the world. This holiday season, audiences will be able to experience the spectacle of the museum's magical exhibits coming to life in an immersive way that only The IMAX Experience can deliver."

Good-hearted dreamer Larry Daley (Ben Stiller), despite being perpetually down on his luck, thinks he's destined for something big. But even he could never have imagined how "big," when he accepts what appears to be a menial job as a graveyard-shift night watchman at a museum of natural history. But during Larry's watch, something extraordinary happens: the museum's exhibits magically come to life. A fearsome T-Rex insists on a game of fetch (with one of his own skeleton bones); Mayans, Roman Gladiators, and cowboys emerge from their diorama to wage epic battles; and a wax figure of Teddy Roosevelt (Robin Williams) gives Larry important advice while harboring a crush for an Indian princess. As things spiral wildly out of control, Larry must find a way to control the magic to stop a nefarious plot and save the museum.

Previous Twentieth Century Fox films digitally re-mastered into IMAX's format include Star Wars: Episode II Attack of the Clones and Robots.

About IMAX Corporation

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Founded in 1967, IMAX Corporation is one of the world's leading entertainment technology companies and the newest distribution window for Hollywood films. IMAX delivers the world's best cinematic presentations using proprietary IMAX, IMAX(R) 3D, and IMAX DMR technology. IMAX DMR (Digital Re-mastering) makes it possible for virtually any 35mm film to be transformed into the unparalleled image and sound quality of The IMAX Experience. To date, 17 Hollywood titles have been digitally re-mastered with this technology and released to IMAX theatres. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences. As of June 30, 2006, there were 274 IMAX theatres operating in 38 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX MPX(R), The IMAX Experience(R) and An IMAX 3D 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 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 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, the performance of films, the viability of new businesses and products, and fluctuations in foreign currency and in the large format and general commercial exhibition market. These factors and other risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2005.

SOURCE IMAX Corporation
CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212)
821-0144, sgormley@imax.com; Twentieth Century Fox, Los Angeles, Gregg
Brilliant, (310) 369-5634, gregg.brilliant@fox.com; Entertainment Media:
Newman & Company, Los Angeles, Al Newman, (310) 278-1560, asn@newman-co.com;
Investors: Integrated Corporate Relations, Amanda Mullin, (203) 682-8243,
amanda.mullin@icrinc.com; Business Media: Sloane & Company, New York, Whit
Clay, (212) 446-1864, wclay@sloanepr.com/
(IMX. IMAX)