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MEGA Brands statement regarding incident at Montreal manufacturing facility

 MEGA Brands statement regarding incident at Montreal manufacturing facility

PR Newswire

MONTREAL, Nov. 23, 2012

MONTREAL, Nov. 23,  2012 /PRNewswire/ -  MEGA Brands Inc.  (TSX: MB)  reported 
today that operations have resumed at its Montreal facility following a  minor 
fire in a production  storage area shortly before  noon on November 19,  2012. 
The fire was restricted to several pallets of product and packaging components
and was quickly extinguished with no injuries.

Manufacturing  was  temporarily  suspended  pending  damage  assessments   and 
cleaning operations. Injection molding operations  resumed within 72 hours  of 
the incident and assembly operations are scheduled to resume on Monday.

The incident had no impact on the finished products inventory at the  Montreal 
facility or any other of the Corporation's distribution facilities  worldwide. 
The Corporation  carries  adequate insurance  for  its Montreal  facility  and 
operations, and continues to work closely with its insurers to assess the full
impact of this incident. Based on  assessments made to date, the  Corporation 
believes the impact  of this  incident will  not be  material to  the flow  of 
finished products  to  its  customers  and  likewise  will  have  no  material 
financial impact  on  the Corporation.  The  Corporation is  grateful  to  its 
employees for their rapid restoration of operations.

About MEGA Brands
MEGA Brands Inc. is a trusted family of leading global brands in  construction 
toys, games  & puzzles,  arts&  crafts and  stationery. They  offer  engaging 
creative  experiences   for   children  and   families   through   innovative, 
well-designed,     affordable     and     high-quality     products.     Visit 
http://www.megabrands.com for more information.

The MEGA logo, Mega Bloks, Rose Art, MEGA Puzzles, MEGA Games and Board  Dudes 
are trademarks of MEGA Brands Inc. or its affiliates.

Forward-Looking Statements
All statements in  this press  release that  do not  directly and  exclusively 
relate to historical facts constitute "forward-looking information" within the
meaning of applicable Canadian securities laws. These statements represent the
Corporation's  intentions,  plans,  expectations  and  beliefs.  Readers   are 
cautioned not to  place undue  reliance on  these forward-looking  statements. 
Forward-looking  information  and  statements  are   based  on  a  number   of 
assumptions and  involve risks,  uncertainties and  other factors  that  could 
cause actual results to differ materially  from those expressed or implied  by 
them, including,  but  not limited  to  risks, assumptions  and  uncertainties 
described in the  Corporation's MD&A  for the  year ended  December 31,  2011, 
which are available at  www.sedar.com and on the  Corporation's Web site.  The 
Corporation disclaims any intention or obligation to publicly update or revise
any forward-looking  information,  whether as  a  result of  new  information, 
future events or otherwise, other than as required by applicable law.

SOURCE MEGA BRANDS INC.

Contact:

Investor Contact:
Peter Ferrante
Vice President and Chief Financial Officer
Tel: (514) 333-5555 ext. 2283