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Dion Entertainment Corp. - Corporate Update

7 July 2000

SURREY, BC - (Press Release)-- July 7, 2000 - At the request of the Toronto Stock Exchange, Dion Entertainment Corp. (``Dion Entertainment'' or the ``Company'') (TSE:DIO - news) - Mr. Leo Dion, Chairman, advises that there have been no significant changes in the affairs of the Company to account for the recent trading activity in the Company's shares.

However, Mr. Dion also advises that the Company is continuing to enthusiastically pursue its business plan involving the launch of a million dollar bingo game in Las Vegas in November and bi-annually thereafter, the creation of an interactive nationally televised bingo game show and the establishment of a related internet site.

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