LOS ANGELES, CA, Aug. 14 /PRNewswire-FirstCall/ - Reflecting today's
announcement that the release date of Harry Potter and the Half-Blood
Prince has moved to July 2009, IMAX Corporation (NASDAQ: IMAX; TSX: IMX),
confirmed it is already exploring alternative titles for this year's
holiday season and is confident it will secure a solid film for the IMAX(R)
theatre network.

    The Company looks forward to announcing a replacement film as soon as
possible.

    About IMAX Corporation

    IMAX Corporation is one of the world's leading entertainment technology
companies, specializing in digital and film-based 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(R) 3D, and IMAX DMR(R)
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(R). IMAX's renowned projectors display crystal-clear images on
the world's biggest screens, and the IMAX brand is recognized throughout
the world for extraordinary and immersive entertainment experiences for
consumers. As of June 30, 2008, there were 302 IMAX theatres operating in
40 countries.

    IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX(R) MPX(R), and The IMAX
Experience(R) are trademarks of IMAX Corporation. More information on the
Company can be found at http://www.imax.com.

    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.

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