Light Media and DCD Operating Partner to Maximize Recoverable Oil and Gas

| Source: Light Media Holdings, Inc. Light Media Holdings, Inc.

ATLANTA, GA and GILLETTE, WY--(Marketwire - November 1, 2010) -  Further diversifying its portfolio, Light Media (PINKSHEETS: LGMH) announced today that it has entered into a strategic alliance, with DCD Operating, granting Light Media the right to exclusively: (1) acquire 50% of DCD Operating; and (2) spearhead efforts to maximize DCD Operating's recoverable crude petroleum and natural gas interests located in Gillette, Wyoming ("Energy Capital of the Nation"). DCD Operating specializes in Crude Petroleum and Natural Gas extraction, in Wyoming, with over 28 years of oil and gas industry expertise. Financial terms of the transaction are undisclosed. For more information, click here: DCD Operating Oil and Gas Appraisal.

In 2008, renowned Russian Petroleum expert Dr. Vladimir Serebryakov authored an appraisal of DCD Operating oil and gas interests estimating approximately: 1,981,500 barrels of recoverable oil and 1,420,400 mcf (thousand cubic feet) of recoverable natural gas. To view a copy of the 2008 DCD Operating ((61-pages) Appraisal Report covering 28 Wells), click on the following link: DCD Operating Oil and Gas Appraisal  (or copy/paste the following link in your web-browser to view the 2008 DCD Operating Inc. Appraisal Report): https://acrobat.com/#d=xXAcyc6f57lDEVryud9jHw

About Light Media:

Light Media (PINKSHEETS: LGMH) is a diversified holding company for an array of assets. For more info., please visit: www.LightMediaHoldings.com

Cautionary Note Regarding Forward-Looking Statements: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Light Media (PINKSHEETS: LGMH) and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

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