Destiny Media Announces Q2 Results

Vancouver, BC – April 15, 2011 – Destiny Media Technologies (TSXV: DSY) (OTCBB: DSNY) is pleased to announce results for the quarter ending February 28, 2011.

Revenues of $841,072 were down 3.3% from the prior year due primarily to a 2.5% decline in Play MPE® revenues. Expenses of $903,237 were up 16.9% over the prior year, due mainly to a 29.7% increased investment in R&D. The net loss for the quarter was $43,027.

Commenting on the results, company CEO Steve Vestergaard says that the emphasis for the seasonally slow quarter was building the foundation for rapid international Play MPE® growth and readying new watermarking and Clipstream® services for launch.

“We anticipate returning to profitability and continued growth in Q3. We are currently looking to expand our penetration into major markets in Europe and Asia and expect to see continued growth in revenue in those areas over the coming quarters.

R&D efforts have focused on improving speed, reliability and redundancy across the four server facilities in Europe and North America, integrating with partner networks and building out new versions of the software and ancillary services, such our patent pending online watermarking solution. We've continued to de-emphasize legacy Clipstream® licensing in favor of building out two new higher margin service based Clipstream® offerings, which will be launching this year.”

Three Months Three Months Six Months Six Months

Ended Ended Ended Ended

February 28, February 28, February 28, February 28,

2011 2010 2011 2010

$ $ $ $

Revenue 841,072 869,864 1,897,710 1,917,392

Operating expenses

General and administrative 295,376 266,795 659,545 512,526

Sales and marketing 199,032 188,942 414,531 393,488

Research and development 394,742 304,255 758,645 595,911

Amortization 14,087 12,630 30,780 24,120

903,237 772,622 1,863,501 1,526,045

Income (loss) from operations (62,165) 97,242 34,209 391,347

Other income (expenses)

Other income 38 29,350 3,030 58,310

Interest income 2,308 1,117 5,082 2,065

Interest and other expense (208) (540) (485) (1,873)

Income (loss) before income taxes (60,027) 127,169 41,836 449,849

Income tax recovery (expense) - deferred 17,000 — (12,000) —

Net Income (loss) (43,027) 127,169 29,836 449,849

Net income (loss) per common share,

basic and diluted (0.00) 0.00 0.00 0.01

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