CAMELOT CLOSING 2010 ON STRONG NOTE AS SALES AND REVENUES CONTINUE TO CLIMB

Annual Stockholder Meeting Great Success with All Nominations and Proposals Approved

Universal City, CA – (December 20, 2010) Camelot Entertainment Group, Inc. (OTCBB: CMGR) (“Camelot”) announced today that 2010 will be the strongest year yet for the entertainment company, with gross sales and revenues both expected to set records.  As reported to stockholders at the Company’s Annual Stockholder Meeting this past week in Las Vegas, gross sales for 2010 are expected to exceed $2,200,000, with revenues expected to exceed $500,000.  Camelot anticipates this trend will continue into the new year, with 2011 gross sales expected to surpass $6,000,000 and revenues expected to exceed $2,000,000.

All Board of Director nominations and proposals were approved by the stockholders.  There were a total of 31,681,737,865 votes eligible to be cast at the meeting.  Steven Istock was elected to the Board of Directors with 28,556,299,749 votes for (90.13%) and 8,658,966 votes against (.03%); Leo Griffin was elected to the Board of Directors with 28,564,958,715 votes for (90.16%) and 0 against; dbbmckennon was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2010 with 28,564,958,715 votes for (90.16%) and 0 against; the 2010 Stock Option/Issuance Plan was approved with 28,564,958,615 votes for (90.16%) and 100 against; the 2011 Stock Option/Issuance Plan was approved with 28,564,958,615 votes for (90.16%) and 100 against; and the Board of Director’s plan to register the sale of $10,000,000 in Camelot common and Preferred Stock in order to retire Camelot debt, expand current operations and to implement a stock repurchase program subject to regulatory approval was approved with 28,564,958,715 votes for (90.16%) and 0 against.

The 2011 Annual Stockholder meeting is currently scheduled for March 25 through March 28, 2011 in Las Vegas.

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