Robert Essery Named Sole Chairman of Peace Arch Entertainment

TORONTO--(MARKET WIRE)--Feb 10, 2009 -- Peace Arch® Entertainment Group Inc. (Toronto:PAE.TO - News) (AMEX:PAE - News) today announced that Robert Essery, currently co-chairman and a director of the company, has been named sole chairman of the board. Jeff Sagansky, who has been serving in the co-chairman role with Essery, was named chairman of RHI Entertainment yesterday and resigned from the Peace Arch board. Sagansky continues to be a major shareholder in the company.

Peace Arch appointed Essery as a director on February 10, 2005, and as co-chairman on July 31, 2008. A member of the board's audit and corporate governance committee, Essery has served as president of the REO group of companies since 1992.

Robert Essery said, "Jeff's contributions to Peace Arch have been substantial and we are delighted that he will continue his support of our company as a significant shareholder. All of us wish Jeff the very best in his new role with RHI."

Sagansky had been Peace Arch's co-chairman since September 1, 2007.

About Peace Arch Entertainment Group Inc.

Peace Arch Entertainment produces and acquires feature films, television and home entertainment content for distribution to worldwide markets. Peace Arch owns one of the largest libraries of top quality independent feature films in the world, featuring more than 2,000 classic and contemporary titles. For additional information, please visit www.peacearch.com.

Forward-Looking Statements

This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks include, but are not limited to, that the synergies and financial impact of the joint venture may not be realized, the competitive position of the joint venture may not be maintained, Peace Arch may not realize the anticipated benefits of the joint venture and other risks detailed on Peace Arch's periodic report filings with the Securities and Exchange Commission. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. By making these forward-looking statements, Peace Arch undertakes no obligation to update these statements for revisions or changes after the date of this release.

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