Epic Action- Adventure to Get IMAX Treatment for Enhanced International Release

LOS ANGELES, Mar 10, 2010 (GlobeNewswire via COMTEX) -- IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) announced that the epic action-adventure Prince of Persia: The Sands of Time, from Jerry Bruckheimer Films, directed by Mike Newell and starring Jake Gyllenhaal, will be released to IMAX(R) theatres internationally with the film's wide release on May 28, 2010. The film's limited international IMAX release will be digitally re-mastered into the image and sound quality of The IMAX Experience(R) with IMAX DMR(R) technology. The crystal-clear images coupled with IMAX's customized theatre geometry and powerful digital audio create a unique environment that will make audiences feel as if they are in the movie.

"Once again our expanded network of IMAX locations is enabling us to offer moviegoers around the world more compelling content ideally suited to The IMAX Experience," said IMAX CEO Richard L. Gelfond. "The success of our international theatre network is a key component of our growth, and we are delighted to secure this highly anticipated summer title for our international exhibitor partners."

"We're revved up that moviegoers throughout our international territories will have the opportunity to experience this epic adventure in IMAX theatres," added Greg Foster, Chairman and President, IMAX Filmed Entertainment. "Walt Disney Pictures is continuing to add blockbuster releases to our growing slate, and it's a particular treat with 'Prince of Persia' as it kicks off our relationship with hit maker Jerry Bruckheimer."

Prince of Persia: The Sands of Time hits theaters everywhere on May 28, 2010. Set in the mystical lands of Persia, Prince of Persia: The Sands of Time is an epic action-adventure about a rogue prince (JAKE GYLLENHAAL) and a mysterious princess (GEMMA ARTERTON) who race against dark forces to safeguard an ancient dagger capable of releasing the Sands of Time--a gift from the gods that can reverse time and allow its possessor to rule the world. The film is directed by Mike Newell with a screenplay by Boaz Yakin and Doug Miro and Carlo Bernard from a screen story by Jordan Mechner.

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 cinematic presentations using proprietary IMAX, IMAX 3D, and IMAX DMR 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. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of September 30, 2009, there were 403 IMAX theatres (280 commercial, 123 institutional) operating in 44 countries.

IMAX(R), IMAX(R) 3D, IMAXDMR(R), Experience It In IMAX(R), AnIMAX 3D Experience(R) and The IMAX Experience(R) are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).

The IMAX Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6469

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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: IMAX Corporation

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