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Consorteum Holdings Inc. Announces Release of First 10K Year End Filing

NEVADA, October 13, 2009 — Consorteum Holdings Inc. (OTCBB: CSRH) announces today that it has completed its corporate 10K filing for the year ending June 30, 2009.

Despite the worst global economic downturn to take place in seventy years, Consorteum completed its busiest year to date. During this time the company completed a reverse merger, two audits, launched two commercial programs and added an additional global opportunity contract.

Craig Fielding, CEO of Consorteum Holdings Inc., said, "We are very pleased with the progress and advancements the company has made over the last year, especially when considering the difficult economic environment. With the completion and filing of the 10K and audit, the company is now able to fully focus all its resources on the deployment and advancement of current and new contracts."

Consorteum will be announcing its third launched project in the coming days and continues to develop programs that will start to generate significant revenues for the company in the following months. In addition, senior management is continuing to seek funding for expansion and capitalization.

Mr. Fielding commented, "With the foundation laid, Consorteum will now be able to focus on revenue generation with our current programs and expansion into new markets."

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. 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

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

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.

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