Lingo Media Acquires A+ Child Development

TORONTO, ONTARIO--(CCNMatthews - Dec. 6, 2006) - Lingo Media Inc.(TSX VENTURE: LMD)(OTCBB:LNGMF) ("Lingo Media" or the "Company")today announced that it has acquired a 62.33% controlling interest inA+ Child Development (Canada) Ltd. ("A Plus") and will acquire anadditional 8% interest within 90 days. A Plus had reported revenuesof CAD $3.8 million in 2005. A Plus derives revenues from publishingand distribution of educational materials aimed at the earlychildhood market. A Plus has developed a successful and uniquecurriculum for parents to use with their children based on the latestneuroscience research. To date, A Plus has focused its marketingefforts only in Canada. With Lingo Media's established operations inBeijing, A Plus will introduce its learning system and products toparents of pre-school children across China. Plans also include anexpansion of A Plus' markets to the United States and Latin America.

Under the terms of the acquisition, Lingo Media:

i) acquired 50.33% of the outstanding capital stock of A Plus fromits shareholders for the purchase price of CAD$730,000 satisfied byissuing 2,650,000 common shares of Lingo Media and paying CAD$200,000cash;

ii) invested CAD$150,000 in A Plus for an additional 12% interest;

iii) agreed to invest a further CAD$100,000 in A Plus for anadditional 8% interest within 90 days; and

iv) issued an additional 3,000,000 common shares of Lingo Media tothe selling shareholders of A Plus subject to meeting annual earningsmilestones to be held in escrow and released over a three-year periodwith a maximum of 1,000,000 shares released per year;

"Acquiring A Plus, brings Lingo Media a company with growingrevenues in Canada and the opportunity to expand to new markets inChina and the United States. This acquisition will dramaticallyincrease our revenues beginning October 1, 2006 which will bereflected in our fourth quarter financial statements. We are veryenthusiastic about the growth for 2007 and beyond from A Plus'planned expansion in Canada and new markets. To date, Lingo Media hasbeen entirely focused in China and now we have a diversified revenuebase that includes North America," said Michael Kraft, President &CEO of Lingo Media.

"At A Plus we recognize the massive potential within the NorthAmerican and China preschool markets with today's educated parentslooking for support in stimulating their children withdevelopmentally valid, age appropriate learning tools. Thispartnership with Lingo Media allows us to realize the profound effectwe can have. Our growth strategy includes expanding A Plus' businessin Canada and to utilizing Lingo Media's marketing and distributionchannels in China", said A Plus CEO Terry Pallier.

The acquisition of A Plus was an arm's length transaction. Aconsulting fee of 10% of the purchase price will be paid to MichaelStein & Associates Inc. equally by both parties in cash and shares ofLingo Media. The cash component of the purchase price was fundedthrough a third party loan bearing interest at 12% per annum, dueJanuary 2008 and secured by the assets of Lingo Media.

About A Plus

A Plus, a private Alberta corporation, has been operating inCanada for over ten years through its four offices in Calgary,Edmonton, Vancouver and Toronto. A Plus specializes in the field ofearly childhood cognitive development, through the publishing anddistribution of educational materials along with its uniquecurriculum developed by its advisory panel of psychologists. To date,over 17,000 families have used A Plus' programs in Canada.

About Lingo Media

Lingo Media is a leading publisher of English language learningprograms in China. The Company incorporates print, audio/videocassette and CD-based products for students and teachers from pre-school through university. Founded in 1996, Lingo Media has anestablished presence in the Chinese educational market of more than200 million English language students. To date, over 120 millionunits from Lingo Media's library of more than 290 program titles havebeen published and sold in China. While Lingo Media remains focusedon its royalty-based educational publishing business, it is advancingits China Expansion Plan to establish itself as a distributor ofeducational print media including books, newspapers and magazines inChina.

Portions of this press release include "forward-lookingstatements", which may be understood as any statement other than astatement of historical fact. Forward-looking statements contained inthis press release are made pursuant to the safe harbour provisionsof the Private Securities Litigation Reform Act of 1995. Thesestatements are based on management's current expectations and aresubject to uncertainty and changes in circumstances. Actual resultsmay vary materially from management's expectations and projectionsexpressed in this press release. Certain factors that can affect theCompany's ability to achieve projected results are described in theCompany's Annual Report 20-F and other reports filed with theSecurities and Exchange Commission.

Lingo Media Acquires A+ Child Development

TORONTO, ONTARIO--(CCNMatthews - Dec. 6, 2006) - Lingo Media Inc.(TSX VENTURE: LMD)(OTCBB:LNGMF) ("Lingo Media" or the "Company")today announced that it has acquired a 62.33% controlling interest inA+ Child Development (Canada) Ltd. ("A Plus") and will acquire anadditional 8% interest within 90 days. A Plus had reported revenuesof CAD $3.8 million in 2005. A Plus derives revenues from publishingand distribution of educational materials aimed at the earlychildhood market. A Plus has developed a successful and uniquecurriculum for parents to use with their children based on the latestneuroscience research. To date, A Plus has focused its marketingefforts only in Canada. With Lingo Media's established operations inBeijing, A Plus will introduce its learning system and products toparents of pre-school children across China. Plans also include anexpansion of A Plus' markets to the United States and Latin America.

Under the terms of the acquisition, Lingo Media:

i) acquired 50.33% of the outstanding capital stock of A Plus fromits shareholders for the purchase price of CAD$730,000 satisfied byissuing 2,650,000 common shares of Lingo Media and paying CAD$200,000cash;

ii) invested CAD$150,000 in A Plus for an additional 12% interest;

iii) agreed to invest a further CAD$100,000 in A Plus for anadditional 8% interest within 90 days; and

iv) issued an additional 3,000,000 common shares of Lingo Media tothe selling shareholders of A Plus subject to meeting annual earningsmilestones to be held in escrow and released over a three-year periodwith a maximum of 1,000,000 shares released per year;

"Acquiring A Plus, brings Lingo Media a company with growingrevenues in Canada and the opportunity to expand to new markets inChina and the United States. This acquisition will dramaticallyincrease our revenues beginning October 1, 2006 which will bereflected in our fourth quarter financial statements. We are veryenthusiastic about the growth for 2007 and beyond from A Plus'planned expansion in Canada and new markets. To date, Lingo Media hasbeen entirely focused in China and now we have a diversified revenuebase that includes North America," said Michael Kraft, President &CEO of Lingo Media.

"At A Plus we recognize the massive potential within the NorthAmerican and China preschool markets with today's educated parentslooking for support in stimulating their children withdevelopmentally valid, age appropriate learning tools. Thispartnership with Lingo Media allows us to realize the profound effectwe can have. Our growth strategy includes expanding A Plus' businessin Canada and to utilizing Lingo Media's marketing and distributionchannels in China", said A Plus CEO Terry Pallier.

The acquisition of A Plus was an arm's length transaction. Aconsulting fee of 10% of the purchase price will be paid to MichaelStein & Associates Inc. equally by both parties in cash and shares ofLingo Media. The cash component of the purchase price was fundedthrough a third party loan bearing interest at 12% per annum, dueJanuary 2008 and secured by the assets of Lingo Media.

About A Plus

A Plus, a private Alberta corporation, has been operating inCanada for over ten years through its four offices in Calgary,Edmonton, Vancouver and Toronto. A Plus specializes in the field ofearly childhood cognitive development, through the publishing anddistribution of educational materials along with its uniquecurriculum developed by its advisory panel of psychologists. To date,over 17,000 families have used A Plus' programs in Canada.

About Lingo Media

Lingo Media is a leading publisher of English language learningprograms in China. The Company incorporates print, audio/videocassette and CD-based products for students and teachers from pre-school through university. Founded in 1996, Lingo Media has anestablished presence in the Chinese educational market of more than200 million English language students. To date, over 120 millionunits from Lingo Media's library of more than 290 program titles havebeen published and sold in China. While Lingo Media remains focusedon its royalty-based educational publishing business, it is advancingits China Expansion Plan to establish itself as a distributor ofeducational print media including books, newspapers and magazines inChina.

Portions of this press release include "forward-lookingstatements", which may be understood as any statement other than astatement of historical fact. Forward-looking statements contained inthis press release are made pursuant to the safe harbour provisionsof the Private Securities Litigation Reform Act of 1995. Thesestatements are based on management's current expectations and aresubject to uncertainty and changes in circumstances. Actual resultsmay vary materially from management's expectations and projectionsexpressed in this press release. Certain factors that can affect theCompany's ability to achieve projected results are described in theCompany's Annual Report 20-F and other reports filed with theSecurities and Exchange Commission.