DigitalTown Form S-1 Declared Effective

$10 Million Equity Credit Line Now Available for Use


MINNEAPOLIS, MN--(Marketwire - Apr 11, 2011) - DigitalTown, Inc. (OTCQB: DGTW) is pleased to announce that the Form S-1 filed on December 23, 2010 to register its $10M equity credit line with Auctus Private Equity Fund, LLC ("Auctus"), a Boston-based institutional investor, has been declared effective by the United States Securities and Exchange Commission ("SEC").

As first announced on December 06, 2010, DigitalTown had secured $10 Million in financing under an equity line of credit with Auctus. Before the credit line could be drawn upon, the Company had to first obtain an effective registration statement for the shares of common stock to be sold under the Securities Purchase Agreement. This has now been completed.

Among other uses, DigitalTown expects to be able to draw upon this facility to meet our contractual obligations with the National Interscholastic Athletic Administrators Association ("NIAAA"). NIAAA and DigitalTown will work together to establish a national, standardized system for recording schedules, scores, rosters and statistics for interscholastic sports teams and individual students for 27,000 US high school spirit sites.

This partnership will serve to create the first standardized system for collecting and publishing scholastic team information to state athletic associations, media and other interested parties.

DigitalTown expects to award the first architecture design contracts this spring /summer 2011.

About DigitalTown:

DigitalTown, Inc. in Burnsville, MN is developing a nationwide network of more than 27,000 local online communities for high school students, alumni, boosters and local citizens. For more information, please visit www.digitaltowncorp.com.

Safe Harbor Language:

Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 1995. Readers are cautioned not to place undue reliance on forward-looking statements. DigitalTown, Inc. undertakes no obligation to update any such statements to reflect actual events. For more information, please visit www.digitaltown.com.

Contact Information:

Contact:
DigitalTown, Inc
info@digitaltown.com
(952)890-2362 (office)