UPDATE -- IMAX Corporation

In the news release, IMAX Corporation to Participate in the UBS Annual Global Media and Communications Conference, issued 01-Dec-2011 by IMAX Corporation over PR Newswire, we are advised by the company that IMAX Corporation has updated the presentation time at the UBS Annual Global Media and Communications Conference on Monday, December 5, 2011 to 10:00 am EST, rather than 2:30 pm EST as originally issued. The complete, updated release follows:

IMAX Corporation to Participate in the UBS Annual Global Media and Communications Conference

NEW YORK, Dec. 1, 2011 /PRNewswire/ --IMAX Corporation (NYSE: IMAX) (TSX: IMX) today announced that Richard L. Gelfond, Chief Executive Officer of IMAX Corporation will speak at the UBS Annual Global Media and Communications Conference on Monday, December 5, 2011 at 10:00 am EST. The conference is being held at The Grand Hyatt in New York, NY.

(Logo: http://photos.prnewswire.com/prnh/20111107/MM01969LOGO )

The presentation is being webcast live and can be accessed by visiting the Investor Relations section of the Company's website, www.imax.com. The presentation will be archived for 30 days.

About IMAX Corporation

IMAX Corporation is one of the world's leading entertainment and technology companies, specializing in the creation and delivery of premium, awe-inspiring entertainment experiences. With a growing suite of cutting-edge motion picture and sound technologies, and a globally recognized entertainment brand, IMAX is singularly situated at the convergence of the entertainment industry, innovation and the digital media world. The industry's top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and as such, the IMAX network is among the most important and successful theatrical distribution platforms for major event films around the globe. The Company's new digital projection and sound systems - combined with a growing blockbuster film slate - are fueling the rapid expansion of the IMAX network in established markets such as North America, Western Europe, and Japan, as well as emerging markets such as China and Russia. IMAX theaters deliver the world's best cinematic presentations using proprietary IMAX®, IMAX 3D®, and IMAX DMR® (Digital Re-Mastering) technologies. IMAX DMR enables virtually any motion picture to be transformed into the unparalleled image and sound quality of The IMAX Experience®.

IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of September 30, 2011, there were 583 IMAX theatres (441 commercial multiplex, 23 commercial destination and 119 institutional) operating in 48 countries.

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience® and The IMAX Experience® are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).

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, but are not limited to, general economic, market or business conditions, including the length and severity of the current economic downturn, the opportunities that may be presented to and pursued by the Company, competitive actions by other companies,the performance of IMAX DMR films, conditions in the in-home and out-of home entertainment industries, the signing of theatre system agreements, changes in law or regulations, conditions, changes and developments in the commercial exhibition industry, the failure to convert theatre system backlog into revenue, new business initiatives, investments and operations in foreign jurisdictions and any future international expansion, foreign currency fluctuations and the Company's prior restatements and the related litigation. 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.

For additional information please contact:

Investors: IMAX Corporation, New York Heather Anthony/Blaire Lomasky 212-821-0100 [e-mail] [e-mail] Business Media: Sloane & Company, New York Whit Clay 212-446-1864 [e-mail]

Media: IMAX Corporation, New York Ann Sommerlath/Adam Davis 212-821-0100 [e-mail] [e-mail] Entertainment Media: Principal Communications Group, Los Angeles Melissa Zuckerman/Paul Pflug 323-658-1555 [e-mail] [e-mail]

SOURCE IMAX Corporation