Veteran Industry Executive Michael Ellis Named President of Camelot Studio Group

Veteran Industry Executive Michael Ellis Named President of Camelot Studio Group

Camelot Entertainment Group COO and Former Showscan, PepsiCo Executive Will Lead Development of Company's Planned Studio Facilities

IRVINE, Calif., April 26 /PRNewswire-FirstCall/ -- Camelot Entertainment Group, Inc. (BULLETIN BOARD: CMEG) announced today that Michael Ellis, Camelot's Chief Operating Officer, has been named President of the Company's wholly owned studio subsidiary, Camelot Studio Group. Mr. Ellis will oversee all operations of the studio group, which will be responsible for the development and management of several key physical locations for the Company's planned studio operations. The studio group has been in the process of identifying locations for potential studio construction in various regions around the world, including the United States, Europe and Asia.

Mr. Ellis has broad expertise in finance, marketing, technology and operations with emphasis on growing revenues, profits and market valuations for both publicly traded and private entities. Formerly an executive with Showscan Entertainment, Knott's Berry Farm and PepsiCo, Ellis has had great success managing profit and loss statements of $450 million and capital expenditures of $500 million annually, overseeing centerpiece development for the most popular destination attraction in the United States, and rebuilding a NASDAQ global entertainment enterprise. After working with Camelot as a consultant in 2005, Ellis became the Company's Chief Operating Officer during the first quarter of 2006 and is a member of Camelot's Board of Directors.

About Camelot Entertainment Group, Inc.: By combining the efficiencies realized by studios of the early 1900's, when studios produced and distributed numerous films every year profitably and effectively, with the artistic focus, diversity and technology of today's production landscape, Camelot Entertainment Group, Inc. (BULLETIN BOARD: CMEG) plans to develop, produce, market and distribute original motion pictures, consistently producing films with the look, feel and artistic content of feature films for a fraction of the cost. Using this approach, the Company believes the risk-reward relationship facing the typical film project can be dramatically shifted. For general information about Camelot Entertainment Group, Inc., please visit the Company's web site at www.camelotfilms.com.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission Reports and Filings.

Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

CONTACT: Investor Relations
Paul Knopick
E & E Communications
(949) 707-5365
pknopick@eandecommunications.com

Camelot Entertainment Group
Michael B. Ellis, COO
949/777-1090

Source: Camelot Entertainment Group, Inc.

CONTACT: Investor Relations, Paul Knopick of E & E Communications,
+1-949-707-5365, pknopick@eandecommunications.com, for Camelot Entertainment
Group, Inc.; or Michael B. Ellis, COO of Camelot Entertainment Group, Inc.,
+1-949-777-1090

Web site:

http://www.camelotfilms.com/

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