Stockhouse(R) Sells Media Assets

TORONTO, ONTARIO, Nov 02 (MARKET WIRE) --
Stockhouse Inc. (TSX VENTURE: SHC) today announced that it has signed and
closed an asset purchase agreement to sell its media business assets and
related trademarks to an investor group. Under the terms of the agreement
Stockhouse will receive:

- Purchase price of $728,000

- A 5 year technology agreement with a value $2,158,000, to supply its
financial software, tools and content to the media business

- 4.5 year sub lease agreement for office space with a value of $242,000

As a part of the purchase price, Stockhouse will transfer $400,000 of the
18% secured debentures to the purchasers. Stockhouse has reduced its debt
to a balance of $260,000 which is due November 14, 2011. As a result of
this transaction the company expects revenues to be reduced by
approximately $1.3 million. In addition, Stockhouse has sold all service
marks, brand and trade name rights to the purchaser and intends to change
its name at its AGM on December 1, 2009.

"The last year and a half has been very challenging for the advertising
industry and online publishers. That coupled with the economic problems
that our core advertising customers of financial services, automotive and
small cap companies have faced, has contributed to significant losses for
the company," stated Marcus New, Chief Executive Officer. "As a result of
today's sale, Stockhouse has significantly improved its balance sheet,
signed a multi-million dollar licensing contract and focused the business
on its core of delivering financial software, content and wireless
solutions to the financial services and media markets."

Mr. New continued, "The Company is continuing to make further progress on
the restructuring of its balance sheet and expects to make more
announcements in the near future."

About Stockhouse Inc.

Stockhouse is a leading provider of private labeled financial content and
software solutions to media, corporate, and financial services companies.
Stockgroup employs proprietary technologies which enable its clients to
provide financial data streams and news combined with cutting edge
fundamental, technical, productivity, and disclosure tools to their
customers, shareholders, and employees at a fraction of the cost of
traditional internal methods. The Stockhouse platform for web-based
portfolio management and financial content is licensed to top North
American brokerage firms and media companies.

Legal notice regarding Forward Looking Statements

This release contains "forward looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities laws. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, goals, assumptions or future events or
performance are not statements of historical fact and may be "forward
looking statements". Forward looking statements are based on
expectations, estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which could cause
actual results or events to differ materially from those presently
anticipated. Forward looking statements in this release include that
Stockhouse expects to lose approximately $1.3 million in annual revenue
following the closing of the sale of its media assets. Readers are
cautioned that actual future operating results and economic performance
of the Company are subject to a number of risks and uncertainties,
including general economic, market and business conditions and could
differ materially from what is currently expected. More information about
potential risk factors that could affect our business is included in our
10-K annual report for the year ended December 31, 2008, as amended, and
our quarterly reports and other periodic filings filed from time to time
and available publicly at www.sec.gov and www.sedar.com. Stockhouse
undertakes no obligation and does not intend to update these forward
looking statements to reflect events or circumstances occurring after
this press release. You are cautioned not to place undue reliance on
these forward looking statements, which speak only as of the date of this
press release. All forward looking statements are qualified in their
entirety by this cautionary statement.

To find out more about Stockhouse, Inc. (TSX-V: SHC), visit our website
at www.stockgroup.com.

Neither TSX Venture Exchange or its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Stockhouse Inc.
Marcus New
Chief Executive Officer
604.331.0995 | 1.800.650.1211
www.stockgroup.com

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