Parlay Entertainment Announces Grants of Stock Options

Parlay Entertainment Inc. (TSX VENTURE:PEI), the world's leading supplier of
Internet bingo solutions, today announced that the board of directors had
approved the issuance of 400,000 stock options to directors under the terms of
its November 27, 2006 Stock Option Plan on May 28, 2008. The options issued are
a component of the 2008 compensation plan for directors approved on May 28,
2008. The options issued are as follows:




Mr. Anthony De Werth - Director and Chairman                 100,000 options
Mr. Brian W. Barr - Director                                 100,000 options
Mr. Scott F. White - Director and Chief Executive Officer    100,000 options
Mr. Perry N. Malone - Director and President and
 Chief Technology Officer                                    100,000 options
                                                             -------
                                                             400,000
                                                             -------



The options were granted at an exercise price of $0.68 Cdn. per share and, under
the terms of the November 27, 2006 Stock Option Plan, have a term of five years
and are subject to an eighteen-month vesting schedule with 25% of the options
vesting immediately, a further 25% vesting on August 28, 2008, a further 25%
vesting on February 28, 2009 and the final 25% vesting on May 28, 2009.
Following the issuance of these options, there are 349,903 options remaining
available for issuance under the November 27, 2006 Stock Option Plan.


"Our compensation approach for directors includes an annual grant of stock
options," said Anthony De Werth, Parlay's Chairman. "We believe that the
granting of stock options is an appropriate method of providing long-term
incentives to directors."


About Parlay Entertainment

Parlay Entertainment Inc. is the world's leading developer and licensor of
online bingo software. As the inventor and patent holder of Internet bingo(1),
Parlay was the first company in the world to develop and deploy a commercial
Internet bingo product. Parlay Bingo is available in both 75-number and
90-number versions and is complemented by a full suite of lottery and casino
games. The company's multi-player, multi-platform technology is used to power
more online bingo sites than any other software provider in the world. Some of
the world's best-known brands use Parlay Bingo solutions, including Virgin, AOL
and Yahoo. Parlay also powers two leading European bingo networks operated by
St. Minver and The Gaming Network. Parlay is headquartered in Oakville, Canada
with locations in Bridgetown, Barbados, and Valletta, Malta.


For more information on Parlay solutions and services, please visit our Web site
at www.parlaygroup.com.


This document may contain statements about expected future events and/or
financial and operating results of Parlay Entertainment Inc. that are
forward-looking. By their nature, forward-looking statements require the Company
to make assumptions and are subject to inherent risks and uncertainties. There
is significant risk that predictions and other forward-looking statements will
not prove to be accurate. Readers are cautioned not to place undue reliance on
forward-looking statements as a number of factors could cause actual future
results, conditions, actions or events to differ materially from the targets,
expectations, estimates or intentions expressed in the forward-looking
statements.


(1) United States Patent No. 6,585,590, Canadian Patents No. 2,340,152 and
2,618,843, with other Patent applications pending in other countries.

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