Entertainment Icon Peter Guber Joins GoFish Board

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GoFish Corporation (OTCBB:GOFH), a leading user-generated online
video company, announced today that Peter Guber, chairman and CEO of
Mandalay Entertainment, has been elected to its board of directors. In
the 1990's Guber was Chairman and CEO of Sony Pictures Entertainment
(SPE) and in the 1970's Studio Chief of Columbia Pictures. Films
directly produced and executive produced by Guber have earned more
than $3 billion in worldwide revenue. The announcement follows news
earlier this week that GoFish commenced public trading and closed on
an initial $12 million in financing.

GoFish, an early entrant into the user-generated video sector and
first publicly traded company in the space, provides people with an
online platform for uploading, sharing, searching for and watching
videos from around the world.

"The traditional content and entertainment business is being
transformed by consumers and user-generated video," said Guber.
"Professional content creators will need to adapt to a fundamentally
new form of storytelling, one where users become a critical part of
the creative process. GoFish is one of the few companies in this space
that wants to differentiate itself by collaborating with the scarcest
resource - the talent. As a creative entrepreneur in filmed
entertainment in all media for over 30 years, I find this medium
incredibly exciting."

"We are extremely pleased to announce the addition of Peter Guber
to the GoFish Board of Directors. Peter is a pre-eminent figure in the
entertainment and film industry. Having him join us in building the
next-generation consumer entertainment network is a great honor," said
Michael Downing, founder and CEO of GoFish. "Peter's addition is a key
milestone in our effort to develop a highly qualified Board with
extensive industry experience." Guber joins the current Board of
Directors of GoFish composed of Michael Downing, Riaz Valani and
Tabreez Verjee.

GoFish established leadership in the area of original
entertainment programming with the launch of "America's Dream Date" -
the first reality themed online show harnessing user-generated video
and sponsored by a national beverage brand.

About GoFish Corporation

GoFish Corporation, headquartered in San Francisco, is a leading
consumer online video destination which in two years has grown to
deliver millions of videos per month to a rapidly growing audience of
enthusiasts. GoFish is a place on the web where millions of people
come to upload, share and watch their favorite videos. For more
information about the company, go to www.gofish.com.

About Peter Guber

Peter Guber is a thirty-year veteran of the entertainment
industry. His positions previously held include: Former Studio Chief,
Columbia Pictures; Founder of Casablanca Record and Filmworks;
Founder, and Former Chairman/CEO, PolyGram Filmed Entertainment;
Founder and Former Co-owner, Guber-Peters Entertainment Company;
Former Chairman and CEO, Sony Pictures Entertainment (SPE). Films
directly produced and executive produced by Guber have received more
than 50 Academy Award nominations, including four times for Best
Picture. During Guber's tenure at SPE, the Motion Picture Group
achieved, over four years, an industry-best domestic box office market
share averaging 17%. During the same period, Sony Pictures led all
competitors with a remarkable total of 120 Academy Award nominations,
the highest four-year total ever for a single company. After leaving
Sony in 1995, Guber formed Mandalay as a multimedia entertainment
vehicle in motion pictures, television, sports entertainment and new
media. Guber is a full professor at the UCLA School of Theater, Film
and Television and has been a member of the faculty for over 30 years.
He also can be seen every Sunday morning on the American Movie Channel
(AMC), as the co-host of the critically acclaimed show, Sunday Morning
Shootout.

Forward-Looking Statements

This press 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. Although the
forward-looking statements in this release reflect the good faith
judgment of management, forward-looking statements are inherently
subject to known and unknown risks and uncertainties that may cause
actual results to be materially different from those discussed in
these forward-looking statements including, but not limited to, our
inability to generate sufficient operating cash flow from advertising
revenue, a reduction in the demand for user-generated video and
related services, a fall-off in search engine directed traffic to our
web site, and general economic conditions. Readers are urged to
carefully review and consider the various disclosures made by us in
the our reports filed with the Securities and Exchange Commission,
including those risks set forth in the Company's Current Report on
Form 8-K filed on October 31, 2006, which attempt to advise interested
parties of the risks and factors that may affect our business,
financial condition, results of operation and cash flows. If one or
more of these risks or uncertainties materialize, or if the underlying
assumptions prove incorrect, our actual results may vary materially
from those expected or projected. Readers are urged not to place undue
reliance on these forward-looking statements, which speak only as of
the date of this release. We assume no obligation to update any
forward-looking statements in order to reflect any event or
circumstance that may arise after the date of this release.

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