Medient Studios Announces Appointment of New Independent

Medient Studios Announces Appointment of New Independent Directors 
HOLLYWOOD, CA -- (Marketwire) -- 11/08/12 --  Medient Studios, Inc
(OTCQB: MDNT) today announced that Matthew Mellon and Joseph
Giamichael have been appointed to the Company's Board of Directors as
of November 5, 2012. 
As an entrepreneur, founder, and private equity investor, Mr. Mellon
has been involved with such companies as Jimmy Choo, Harry's of
London, Hanley Mellon, and Marquis Jets. In the private equity
sector, he regularly consults with family offices and business owners
in Europe, the Middle East, Asia, and North America. Mr. Mellon is
also Chairman of the New York Republican Party's Finance Committee,
having been appointed to that position by State Chairman Ed Cox in
May 2011. 
Mr. Mellon is a direct descendant of Judge Thomas Mellon, founder of
the Mellon Bank, now Bank of New York Mellon Corp., on his paternal
side. On his maternal side, he is a direct descendant of Anthony
Joseph Drexel, founder of Drexel-Burnham-Lambert. Mr. Mellon
maintains associations with Drexel University and Carnegie Mellon
University, both of which were founded by family members. He is also
involved with the National Gallery of Art in Washington, DC, where
the nucleus of the institution's collection was donated to the nation
by his Great Uncle, Andrew Mellon. 
Mr. Giamichael is the founder and Chief Executive Officer of Umbrella
Research and Advisory, an emerging growth research and advisory
financial services boutique. Mr. Giamichael has extensive capital
markets experience, including over a decade as a publishing analyst
and several years as a trader with an emphasis on special situations,
as well as having served as an advisor to a middle markets-oriented
private equity firm. Mr. Giamichael earned his Bachelor of Science
degree from Skidmore College and was previously employed by Global
Hunter Securities LLC, Rodman and Renshaw LLC, CJS Securities LLC,
and Knight Capital Group. 
"As our corporate vision transforms into business reality, it becomes
critical to have world-class leadership to guide the growth of the
Company," stated Manu Kumaran, Chief Executive Officer of Medient
Studios. "We appreciate the past successes and career experiences of
Mr. Mellon and Mr. Giamichael and believe they 
will provide
invaluable counsel to our Board and management team as we move
forward with our plans to transform the economics and operational
efficiencies of producing theatrical movies." 
About Medient Studios, Inc. 
Medient (www.medientstudios.com) is a global film production and
distribution company with a strong presence in the world's two
largest movie markets -- North America and India. Medient's
management team has approximately 150 years of experience in the
motion picture industry and is responsible for producing and/or
financing in excess of 250 movies. To date, approximately 14 movies,
two music acts and several hundred live performance shows have been
produced under the Medient banner. The Company is in the process of
significantly scaling up its operations, including its planned entry
into the electronic games sector. 
Safe Harbor Statement
 The Private Securities Litigation Reform Act
of 1995 provides a "safe harbor" for forward-looking statements.
Certain information included in this press release contains
statements that are forward-looking, such as statements related to
the future anticipated direction of the industry, plans for future
expansion, various business development activities, planned or
required capital expenditures, future funding sources, anticipated
sales growth, and potential contracts. Such forward-looking
information involves important risks and uncertainties that could
significantly affect anticipated results in the future and,
accordingly, such results may differ from those expressed in any
forward-looking statements made by, or on behalf of, the company.
These risks and uncertainties include, but are not limited to, those
relating to development and expansion activities, dependence on
existing management, financing activities, domestic and global
economic conditions, and other risks and uncertainties described in
the Company's periodic filings with the Securities and Exchange
Commission.  
For Additional Information, Please Contact: 
R. Jerry Falkner, CFA
RJ Falkner & Company, Inc.
Investor Relations Counsel
(830) 693-4400
or via email at info@rjfalkner.com