NEWS

RECENT NEWS AND ANNOUNCEMENTS

Consorteum Holdings, Inc. Signs Letter of Intent to Acquire Tenzing Interactive

NEVADA, March 23, 2010 — Consorteum Holdings Inc. (OTCBB: CSRH) today announces the company has entered into a non-binding Letter of Intent to acquire Tenzing Interactive. Upon completion, Tenzing Interactive will be a wholly owned subsidiary of Consorteum Inc. The purchase price is payable over a two-year period and made up of a combination of cash and shares in Consorteum Holdings Inc.

The proposed acquisition is part of Consorteum Holdings’ intent to expand both local and international opportunities. Tenzing Interactive will bring with it new value added partners, allowing Consorteum to achieve its long term business strategy, increase revenues of current initiatives and add new opportunities to generate additional income. Combining Tenzing Interactive’s approach to enhancing its clients’ brand recognition with Consorteum Holdings’ ability to add transaction based initiatives will increase revenues and value to all parties, including the client.

Craig Fielding, CEO of Consorteum Holdings Inc. commented, “The market for our solutions is expanding rapidly. This new collaboration will allow us to significantly grow our current business opportunities while bringing on contracts in new areas. The ability to expand existing client agreements and take advantage of new international opportunities puts both Consorteum Holdings and Tenzing Interactive in a strong position to increase revenues and shareholder value.”

If a definitive agreement cannot be concluded, then terms of the agreement provide the option for a joint venture between both companies. Consequently, current and new clients will benefit from Tenzing’s branding solutions and Consorteum’s transaction solutions. Revenues to the joint venture would accordingly be shared.

About Consorteum Holdings Inc.

Consorteum Holdings Inc. will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe, and internationally. By identifying new technologies and trends in the changing global marketplace, Consorteum Holdings Inc. aims to increase revenues in existing markets, enter new markets, and deliver unique products and services more effectively and efficiently. Each program and initiative launched is designed to drive additional transaction based, long-term revenues and increased shareholder value. Consorteum Holdings Inc. has built its reputation with one goal, “For our customers to look at us as partners, not just a technology provider.”

For more information, please visit: http://www.consorteum.com

Contacts:

Consorteum Holdings Inc.
Suite 202, 2900 John Street
Markham, Ontario, Canada L3R 5G3
investors@consorteum.com
+1.866.824.8854

About Tenzing Interactive

Tenzing Interactive, established in 2001, is a Toronto-based provider of internet and mobile marketing technologies. The business offers a variety of proprietary solutions, which generate consumer dialogue. The most notable of these is Pics2Web™ which has been in the market for over seven years and has powered engagements for premier events including the 2006 and 2010 Olympics, NHL, NBA, CFL, NFL and many more. Pics2Web™ is a marketing and event activation solution that delivers memorable consumer engagements.

Tenzing clients include aeroplan, Bell, RBC, Molson, National Football League – Canada, Purolator and WestJet. Most exciting are the developments that Tenzing is making in the world of mobile communications. A natural extension of its offering, Tenzing is now assisting clients in using smart phone technology to begin relevant conversations with consumers.

Contacts:

Jay Sweeney
Tenzing Interactive
Suite 3A, 345 Carlaw Avenue
http://www.tenzing-im.com

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

###