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IMAX Corporation

CONTACT:

Media:
Romi Schutzer of IMAX Corporation, New York
+1-212-821-0144, rschutzer{at}imax.com

Business Media:
Whit Clay of Sloane & Company, New York
+1-212-446-1864, wclay{at}sloanepr.com

Analysts:
Stephen G. Abraham of IMAX Corporation, New York
+1-212-821-0140, sabraham{at}imax.com

Entertainment Media:
Al Newman of Newman & Company, Los Angeles
+1-818-784-2130, asn{at}newman-co.com

IMAX and Playtone to Spearhead Groundbreaking
New IMAX(R) 3D Project, Magnificent Desolation
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IMAX's Newest Space Film to Celebrate Men Who Have Walked on the Moon

TORONTO, Dec. 6, 2002 -- In the history of mankind, only 12 men have 
stepped on the surface of the moon ... Magnificent Desolation is their 
story. IMAX Corporation (Nasdaq: IMAX; TSE: IMX), in association with 
Playtone (My Big Fat Greek Wedding) and its principals Tom Hanks and 
Gary Goetzman, has begun active development on this unique new 3D film 
which will allow moviegoers to explore the moon as if they were
traveling alongside these 12 extraordinary voyagers. The project will 
detail what these men saw, heard, felt, thought and did while on the 
surface of the moon. Magnificent Desolation will be shot in the giant 
15/70 format using 3D IMAX cameras and will be released exclusively in 
IMAX theatres.

From 1969, the year of the first lunar exploration by NASA, to 1972, 
the last time a manned mission was sent to the moon's surface, only 12 
men have experienced the feeling of walking on extra-terrestrial 
ground. In those three short years, man spent almost 300 hours 
(approximately 12-1/2 days) exploring and documenting the surface of 
the moon, and has not returned in over 30 years. Buzz Aldrin, of the 
Apollo 11 NASA mission and the second man to walk on the moon, uttered 
the now famous descriptor "magnificent desolation" to express the 
sensation of being on the moon as well as the landscape he observed.

Magnificent Desolation will break new ground for a "traditional" 
documentary. Filmmakers Mark Herzog and Mark Cowen (recently nominated 
for an Emmy Award for We Stand Alone Together: The Men Of Easy 
Company), will use never before seen photographs by Michael Light 
(Full Moon, Knopf 1999) as well as transcripts and commentary, 
played-out in voice-over by actors, recounting the activities on the
lunar surface as documented by noted space scholar Eric Jones. The 
film will also utilize innovative re-creations and/or CGI renditions 
of the lunar landscape and previously unreleased NASA footage.

"With a history of successful and meaningful space films including 
IMAX's recent hit, Space Station, which has set box office records, we 
realize that moviegoers have a consistent appetite to see these unique 
films in the IMAX medium. Seeing a film in IMAX's 3D format is the 
closest audiences can get to the moon without actually being there," 
said Greg Foster, IMAX's President of Filmed Entertainment. "We've 
been so honored to work with Tom Hanks on the recent launch of Apollo 
13: The IMAX Experience and look forward to working with him again on 
this endeavor, along with Gary Goetzman and the rest of Playtone. We 
believe that Magnificent Desolation will be a popular addition to our 
current slate of films, one that should play at both our commercial 
and institutional theatres for years to come."

About IMAX Corporation 

Founded in 1967, IMAX Corporation is one of the world's leading 
entertainment technology companies. IMAX's businesses include the 
creation and delivery of the world's best cinematic presentations 
using proprietary IMAX(R) and IMAX 3D(R) technology, and the 
development of the highest quality digital production and 
presentation.  IMAX has developed revolutionary technology called
IMAX(R) DMR(TM) (Digital Re-mastering) that will make it possible for 
any 35mm film to be transformed into the unparalleled image and sound 
quality of The IMAX Experience(R). The IMAX brand is recognized 
throughout the world for extraordinary and immersive family 
experiences.  As of September 2002, there were more than 225 IMAX
theatres operating in 30 countries. More than 700 million people have 
seen an IMAX presentation since the medium premiered in 1970.

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

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