Parlay Entertainment Inc.: Notice of Intention to Make Normal Course Issuer Bid

Parlay Entertainment Inc. ("Parlay") (TSX VENTURE:PEI), the world's leading
supplier of Internet bingo solutions, announced today that it has filed with the
TSX Venture Exchange a notice of its intention to make a normal course issuer
bid for its common shares (" Common Shares ") through the facilities of the TSX
Venture Exchange (the " Notice "). The shares will be purchased for
cancellation. 


Parlay may, during the twelve-month period commencing October 30, 2008 and
ending on October 29, 2009, purchase on the TSX Venture Exchange up to 637,388
Common Shares, being approximately 5% of the issued and outstanding Common
Shares in the share capital of Parlay as of October 28, 2008. The price that
Parlay will pay for any such Common Shares will be the market price at the time
of acquisition and any Common Shares purchased under the normal course issuer
bid will be cancelled. The actual number of Common Shares that may be purchased
and the timing of any such purchases will be determined by Parlay. As of the
date hereof, there are 12,747,765 Common Shares of Parlay issued and
outstanding. 


Parlay considers the normal course issuer bid to be in the best interest of the
Corporation and its shareholders. Parlay believes that there may be times over
the course of the year when its Common Shares may trade in a price range that
does not adequately reflect their value in relation to Parlay's business and its
future business prospects. As a result, depending on future price movements and
other factors, Parlay believes that its outstanding Common Shares may represent
an attractive investment and a desirable use of a portion of its available
funds.


The name of the Member conducting the Normal Course Issuer Bid on behalf of
Parlay is National Bank Financial, 130 King Street West, Suite 3030, Toronto,
Ontario, M5X 1J9.


A copy of the Notice may be obtained by any shareholder of Parlay, without
charge, by contacting Parlay's head office.


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.

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