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Elysium Internet Forms Joint Venture Local Jobs, Inc.

August 5, 2008

Elysium Internet, Inc. (OTCBB: EYSM), a next generation Internet advertising and new media Company, today announced that it has formed a joint venture and now owns 51% of Local Jobs, Inc.

Elysium Internet Chairman and CEO Scott Gallagher commented, “We believe a phenomenal opportunity exists for us to become a leader in the local job space utilizing cutting-edge technology to connect employers with job seekers. Our CEO and founder Derek Chisholm has created a scalable technology platform similar to our local directories that should allow us to enter new markets with relative ease. We believe www.TampaBayJobListings.com will be very well received by Florida’s largest job market, the Tampa Bay area.” Gallagher continued, “After Tampa, we’re targeting launching local job sites in all of Florida’s major markets by the end of the year and nationally in 2009.”

Local Jobs, Inc. Founder and CEO Derek Chisholm stated, “There is a huge opportunity for a new player in the billion dollar local job market. With our focus of providing a superior service at a lower cost utilizing mainstream media and creative marketing strategies, we’ll be very successful. Our business model has been carefully constructed to allow for fast growth with limited overhead, which makes it possible to create a nationwide network of job listing sites in an a very short period of time.”

About Elysium Internet, Inc.

Elysium Internet, Inc.’s (OTCBB: EYSM) domain assets and directories include: www.Therapists.net, www.Auditors.com, www.Pediatricians.com, Psychiatrists.com, Podiatrists.com and many others. The Company has developed a proprietary direct navigation directory platform and local search platform. For additional information go to www.ElysiumInternet.com. Elysium Internet, Inc. also owns 51% of Local Jobs, Inc. and 51% of Dice Ventures, Inc. Review the Company’s quarterly, annual and other filings with the Securities and Exchange Commission at http://www.SEC.gov.

Forward-Looking Statements

Included in this release are certain “forward-looking” statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s financial performance. Such statements are based on management’s current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company’s Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.

 Contact:  Scott Gallagher 727-417-7807 Email Contact

SOURCE: Elysium Internet, Inc.




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