Under the Sea 3D dives into IMAX(R) theatres February 13, 2009

Under the Sea 3D dives into IMAX(R) theatres February 13, 2009

The Next IMAX(R)3D Co-Production from Warner Bros. Pictures and IMAX Corporation Features Jim Carrey as Narrator and the World's most Mysterious Creatures of the Sea

LOS ANGELES, Feb. 11 /PRNewswire-FirstCall/ -- Warner Bros. Pictures Inc. and IMAX Corporation (Nasdaq: IMAX; TSX: IMX) today announced that Under the Sea 3D, narrated by Jim Carrey, will open in 49 IMAX(R) theatres domestically and three locations internationally on February 13, 2009. This is the third original IMAX(R) 3D co-production from the partnership between Warner Bros. Pictures and IMAX.

Under the Sea 3D offers a uniquely inspirational and entertaining way to explore the ocean wilderness. Moviegoers will be able to experience face-to-face encounters with some of the most mysterious and stunning creatures of the sea. In IMAX 3D, the images literally leap off the screen and float around the theatre, putting the audience IN the movie.

"We are delighted to offer audiences another powerful and inspiring original IMAX 3D adventure from the talented filmmaking team behind Deep Sea 3D," said Dan Fellman, president, domestic distribution, Warner Bros. Pictures.

Under the Sea 3D follows the 2006 box office hit Deep Sea 3D, which is approaching $80 million in worldwide box office receipts. Deep Sea 3D continues to draw audiences after 150 weeks in release, demonstrating the strong legs and significant appeal that original IMAX 3D productions are often known for.

"We are amazed by what the film crew has encountered during the production of this film and the resulting scenes are breathtaking," said Greg Foster, Chairman and President, IMAX Filmed Entertainment. "The esteemed filmmaking team behind the box office hit Deep Sea 3D has once again delivered a powerful IMAX 3D adventure that transports audiences to places that most will never have the chance to go to."

"The dazzling colors and amazing animals featured in the film are perfectly suited to the grand scale and intensity of IMAX 3D," said Toni Myers, the film's producer, editor and writer. "But these spectacular yet delicate ecosystems are threatened by climate change. It's vitally important to promote awareness of that, especially among the young people who will be the stewards of our planet's health and well-being."

Under the Sea 3D was filmed in IMAX 3D by award-winning Director/Cinematographer Howard Hall, produced by Toni Myers, executive produced by Graeme Ferguson, and produced for Howard Hall Productions by Michele Hall. In addition to Under the Sea 3D and Deep Sea 3D, Hall, Ferguson and Myers were all part of the accomplished filmmaking team behind IMAX's first underwater 3D adventure, Into The Deep, which has grossed more than $70 million since its 1991 release.

Under the Sea 3D is scheduled to play at the following IMAX(R) Theatres beginning February 13th.

   UNITED STATES    Alabama    Birmingham - IMAX Dome Theatre at McWane Centre*    Arizona    Tempe - IMAX Theatre at Arizona Mills    Arkansas    Little Rock - Chenal 9 IMAX Theatre    California    Cathedral City - Desert IMAX Theatre   Dublin - Regal Hacienda Crossing Stadium 21 & IMAX   Irvine - Regal Irvine Spectrum IMAX   Los Angeles - California Science Center IMAX Theater   Los Angeles - IMAX Theatre at The Bridge: cinema de lux   Sacramento - Esquire IMAX Theatre   San Diego - Regal Mira Mesa Stadium 18 & IMAX   San Francisco - AMC Loews Metreon 16 with IMAX    Colorado    Denver - UA Colorado Center Stadium 9 & IMAX    Florida    Fort Lauderdale - AutoNation(R) IMAX(R) Theater at Museum of Discovery   and Science   St. Augustine - World Golf Hall of Fame IMAX Theatre   Tampa - IMAX Dome Theatre at MOSI    Georgia    Atlanta - Fernbank Museum's Rankin M. Smith IMAX Theatre*    Illinois    Chicago - Navy Pier IMAX Theatre    Indiana    Indianapolis - IMAX Theatre at the Indiana State Museum   Portage - Portage 16 IMAX    Iowa    Davenport - Putnam Museum and IMAX Theatre   Des Moines - Science Center of Iowa & Blank IMAX Dome Theater    Maryland    Baltimore - Maryland Science Center IMAX Theater*    Massachusetts    Boston - New England Aquarium's Simons IMAX Theatre   Natick - Verizon IMAX 3D Theater at Jordan's Furniture - Natick   Reading - Verizon IMAX 3D Theater at Jordan's Furniture - Reading    Michigan    Dearborn - The Henry Ford IMAX Theatre   Grand Blanc - NGC Trillium Cinema IMAX Theatre   Grand Rapids - Celebration! Cinema IMAX Theatre   Lansing - Celebration! Cinema IMAX Theatre    Minnesota    Apple Valley - Great Clips IMAX Theatre    Nebraska    Omaha - Lozier IMAX Theater at Henry Doorly Zoo    New Jersey    Atlantic City -Tropicana Casino and Resort IMAX Theatre    New York    New York City - AMC Loews Lincoln Square 13 & IMAX   West Nyack - IMAX Theatre at Palisades Center    North Carolina    Raleigh - Wachovia IMAX Theatre at Marbles Kids Museum    Oklahoma    Tulsa - Cinemark IMAX Theatre at the Tulsa    Pennsylvania    Harrisburg - Select Medical IMAX Theater at The Whitaker Center   Philadelphia - Tuttleman IMAX at Franklin Institute*   Pittsburg - Rangos OMNIMAX Theater at Carnegie Science Center    Rhode Island    Providence - Providence Place Cinemas 16 & IMAX    South Carolina    Myrtle Beach - Myrtle Beach IMAX 3D Theatre*    Tennessee    Chattanooga - Tennessee Aquarium IMAX Theater   Nashville - Regal Opry Mills IMAX    Texas    Austin - Bob Bullock IMAX at Texas State History Museum*   Dallas - Cinemark IMAX Theatre at Cinemark 17    Utah    Salt Lake City - Clark Planetarium ATK IMAX Theatre    Virginia    Hampton - Riverside IMAX Theater at the Virginia Air & Space Center   Virginia Beach - The Virginia Aquarium IMAX 3D Theater    Washington    Seattle - Pacific Science Center Boeing IMAX Theatre    Wisconsin    Fitchburg - Kerasotes Star 18 & IMAX    CANADA    British Columbia    Vancouver - CN Theatre at Canada Place    Manitoba    Winnipeg - IMAX Theatre at Portage Place    Nova Scotia    Halifax - Empire IMAX, Bayer's Lake    Ontario    Mississauga - Cineplex Coliseum Mississauga   Toronto - Cineplex Scotiabank Theatre Toronto IMAX Theatre    INTERNATIONAL    Australia    Melbourne - IMAX Theatre, Melbourne Museum*   Sydney - LG IMAX Theatre Sydney*    United Kingdom    Greenwich - Odeon Greenwich IMAX Theatre   London - bfi London IMAX Cinema   Wimbledon - Odeon Wimbledon IMAX Theatre    India    Hyderabad - PRASAD IMAX Theatre*    South Africa    Durban - Gateway IMAX Theatre*   Pretoria - Menlyn IMAX Theatre*    * denotes later launch   Additional theatres will be confirmed. Please check local listings or   IMAX.com for final theatre listings, launch dates and showtimes.    About IMAX Corporation   

IMAX Corporation is one of the world's leading entertainment technology companies, specializing in immersive motion picture technologies. The worldwide IMAX network is among the most important and successful theatrical distribution platforms for major event Hollywood films around the globe, with IMAX theatres delivering the world's best movie presentations using proprietary IMAX, IMAX 3D, and IMAX DMR(R), technology. IMAX DMR is the Company's groundbreaking digital re-mastering technology that allows it to digitally transform virtually any conventional motion picture into the unparalleled image and sound quality of The IMAX Experience(R). IMAX's renowned projectors display crystal-clear images on the world's biggest screens, and the IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of September 30, 2008, there were 320 IMAX theatres operating in 42 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX MPX(R), and The IMAX Experience(R) are trademarks of IMAX Corporation. More information on the Company can be found at www.imax.com.

This press release contains forward looking statements that are based on management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Important factors that could affect these statements include ongoing discussions with the SEC and OSC relating to their ongoing inquiries and the Company's accounting, the performance of films, the signing of theatre system agreements, the viability of new technologies, businesses and products, the timing of theatre system deliveries, the mix of theatre systems shipped, the timing of the recognition of revenues and expenses on film production and distribution agreements, risks arising from potential material weaknesses in internal control over financial reporting and fluctuations in foreign currency and in the large format, general commercial exhibition and out-of-home entertainment markets. These factors and other risks and uncertainties are discussed in the Company's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.

First Call Analyst:
FCMN Contact:

Source: IMAX Corporation

CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212)
821-0155, sgormley@imax.com; Entertainment Media: Rogers & Cowan, Los Angeles,
Jason Magner, (310) 854-8128, jmagner@rogersandcowan.com; Investors: IMAX
Corporation - New York, Heather Anthony, (212) 821-0121, hanthony@imax.com;
Business Media: Sloane & Company, New York, Whit Clay, (212) 446-1864,
wclay@sloanepr.com

---

Profile: International Entertainment