DHX MEDIA LTD INSIDER SHARE ISSUANCE

Halifax, NS – 26 March 2009 – DHX Media Ltd (AIM & TSX ticker: “DHX”) (“the Company” or “DHX”), a leading independent international producer and distributor of television programming and interactive content, announces the issuance on March 25, 2009 of 219,802 common shares in satisfaction of an agreement dated January 31, 2008 regarding certain management performance bonuses for the fiscal year ended June 30, 2008, as approved by shareholders at the Company’s annual general meeting on February 13, 2009 and detailed in the Company’s fiscal 2008 Management Information Circular, as follows:

a) The issuance of 87,921 DHX common shares at $1.36485 to Steven DeNure, an officer of DHX. As a result of this transaction Steven DeNure now holds or controls 1,934,235 common shares in DHX, representing 4.5% of DHX’s total share capital;

b) The issuance of 87,921 DHX common shares at $1.36485 to Neil Court, a director of DHX. As a result of this transaction Neil Court now holds 1,934,235 common shares in DHX, representing 4.5% of DHX’s total share capital; and

c) The issuance of 43,960 DHX common shares at $1.36485 to Elizabeth Stevenson, an officer of DHX’s DECODE Entertainment subsidiary. As a result of this transaction Elizabeth Stevenson now holds 855,995 common shares in DHX, representing 2.0% of DHX’s total share capital.

Following the issuance of all of the shares referred to above, the total outstanding issued common share capital of the Company is 43,053,803.

For more information, please contact: 
 
DHX Media  +1 902-423-0260
David A. Regan – EVP Corporate Development & IR

AIM Nominated Advisors:
Grant Thornton UK LLP +44 (0) 20 7383 5100
Gerry Beaney
Troy MacDonald
Neil Johnson

About DHX Media
DHX Media Ltd. is a leading international producer and distributor of television programming and interactive content with an emphasis on children, family and youth markets. DHX Media Ltd. is listed on AIM and on the Toronto Stock Exchange. DHX Media’s production companies, Decode Entertainment and Halifax Film, are the producers or co-producers of 11 original television series or theatrical releases currently commissioned for production and maintain a growing library of over 1,700 half-hours of mostly children and youth-oriented television productions. www.dhxmedia.com

Disclaimer
Certain statements herein may constitute forward-looking statements, including those identified by the expressions ‘‘may’’, ‘‘will’’, ‘‘should’’, ‘‘could’’, ‘‘anticipate’’, ‘‘believe’’, ‘‘plan’’, ‘‘estimate’’, ‘‘potential’’, ‘‘expect’’, ‘‘intend’’ and similar expressions to the extent they relate to the Company or its Management. These statements reflect the Company’s current expectations and are based on information currently available to Management. These forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from current expectations, including the matters discussed under ‘‘Risk Factors’’ contained in the Company’s prospectus dated May 12, 2006. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.

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