BMG CANADA NEXT CUSTOMER FOR MUSICRYPT
May 28, 2004

by -- Musicrypt

Musicrypt Inc. is pleased to announce that BMG Canada Inc. has chosen to implement Musicrypt’s Digital Media Distribution System (DMDS) for digital music deliveries internally and to radio.

“After working with Musicrypt on the development of DMDS, we look forward to delivering our new releases faster and more securely than in the past”, said Norman Miller Vice President New Media. “The reception by radio for the releases that we have distributed exclusively by DMDS has been encouraging, leading us to believe that we will realize our goal of eliminating the distribution of advance music on CD in 3 to 6 months”.

“We are very pleased to add BMG Canada Inc. to our growing list of customers,” said John Heaven, President and CEO of Musicrypt Inc. “It has been a pleasure for our team to work with BMG throughout the pilot phase and we look forward to continuing to provide our service to them as a key customer.”

About BMG Canada Inc.: BMG Canada Inc. produces recordings of Canadian artists under the ViK.recordings label and is the Canadian recording company of BMG. BMG is the global music division of Bertelsmann AG, one of the world’s leading media companies. BMG owns more than 200 record labels in 41 countries including Ariola, Arista Records, J Records, Jive Records, RCA Records and RCA Label Group – Nashville. In addition, BMG’s music publishing operations are the third largest in the world.

About Musicrypt: Musicrypt’s Digital Media Distribution System (DMDS) enables user-friendly and secure distribution of media via the Internet. DMDS is a web-based content delivery system that pioneers secure digital file distribution by incorporating biometrics. The first application of DMDS replaces the physical distribution of new musical recordings by record companies from the studio, internally, and to radio stations with more secure, more effective and less costly digital distribution via the Internet. DMDS delivers broadcast quality media from the sender securely and on time to authorized recipients. DMDS delivers the content person-to-person, rather than machine-to-machine. Musicrypt trades on the TSX Venture Exchange (TSX-V) in Toronto under the symbol MCT. www.musicrypt.com

Contacts:
Musicrypt Inc. - John Heaven, President & CEO, 905 763 3553, jheaven@musicrypt.com, Suite 300, 225 East Beaver Creek Road, Richmond Hill, Ontario, Canada L4B 3P4

BMG Canada Inc. – Norman Miller, Vice President New Media, 416 586 1608

Media - James Monaco 416 686 3395 or jmonaco@sympatico.ca

The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


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