Ms. Heidi Kucher reports

CORUS ENTERTAINMENT ANNOUNCES AMENDMENT OF CREDIT FACILITIES

Corus Entertainment Inc. has completed an agreement to amend its sixth amended and restated credit agreement with its bank group, led by RBC Capital Markets and TD Securities, dated March 18, 2022. Pursuant to the amendment, the maximum total debt to cash flow ratio required under the financial covenants is increased through and including Nov. 30, 2023. The amendment also includes a financial covenant which, in the event that the total debt to cash flow ratio exceeds a certain level, may restrict distributions. All terms are defined in the credit facility.

A copy of the amendment to the credit facility will be filed under the company's profile on SEDAR.

About Corus Entertainment Inc.

Corus Entertainment is a leading media and content company that develops and delivers high-quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company's portfolio of multimedia offerings encompass 33 specialty television services, 39 radio stations, 15 conventional television stations, digital and streaming services, animation software, technology, and media services. Corus is an internationally renowned content creator and distributor through Nelvana, a world-class animation studio expert in all formats, and Corus Studios, a globally recognized producer of hit scripted and unscripted content.