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CAMELOT, INCENTIVE CAPITAL REACH SETTLEMENT AGREEMENT ON LIBERATION FILM LIBRARY

Camelot Distribution Group Continues as a Distributor of the Library; Ownership Transferred to Incentive Capital LLC

Universal City, CA – (NOVEMBER 4, 2011) Camelot Entertainment Group, Inc. (OTC: CMGR) (”Camelot”) and Incentive Capital LLC (“Incentive”) announced today that they have reached a settlement agreement resulting in the dismissal of all legal action between the two companies and several individuals stemming from the acquisition of the Liberation Film Library (“Library”) by Camelot in April 2010.

In accordance with the terms and conditions of the settlement agreement, Incentive will assume complete and immediate ownership of the Library. Camelot Distribution Group will continue as a distributor of the Library through May 31, 2012.

“We are glad that we have reached an agreement with Incentive that will be of great benefit to both companies,” stated Camelot Distribution Group President Jessica Kelly.  “This agreement puts an end to the litigation and the distractions the litigation has caused us over the past year. We can now move forward and work with Incentive to market and sell the Library worldwide while we continue to focus on building our business. ”

“We are very pleased that we have been able to reach an agreement with Camelot that results in our ownership of the Library, which we believe has significant value,” commented Incentive’s Joseph Pia.  “The Library will compliment our growing resources in the film and television industry. We are looking forward to working with Camelot as they assist us in the marketing and distribution of the Library.”

This transfer of ownership does not include Samurai Avenger, First Strike, Screwball: The Ted Whitfield Story, One Lucky Dog, Never Sleep Again, Fink, Nude Nuns with Big Guns, National Lampoon’s Dirty Movie, Who is KK Downey, and Next of Kin.

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