LEMONTONIC INC. ("Corporation") (TSX-VEN: LEM) is pleased to announce that its growth continues to accelerate, with daily membership acquisition over the past 30 days averaging over 600 members daily. As of November 25th, the company had 91,500 members.

Lemontonic also announced today financial results for its third quarter 2004. The results have been posted on SEDAR and on the company's website at www.lemontonic.com.

For the quarter ended September 30, 2004 revenue of $7,063 comprised primarily of the sale of one Category 2 specialty license application compared to $2,980 in 2003 which included nominal amounts of revenue generated by the online dating royalties paid to PassionVillage.com by a third party online dating site. The PassionVillage.com site was suspended in the fourth quarter of 2003. For the nine month period ended September 30, 2004 revenue decreased to $7,431 compared to $12,211 in the same period in 2003.

Operating costs for the quarter ended September 30, 2004 increased to $2,066,385 from $82,052 in the same period in 2003 due to the costs related to developing the application and web service, brand development and customer acquisition costs, and website costs including hosting and ad serving. In addition there were increased staffing requirements including the growth of the customer care team, and the recognition of stock-based compensation expenses. For the nine month period ended September 30, 2004, operating costs increased to $4,676,810 compared to $290,430 in the same period in 2003.

The net loss for the quarter ended September 30, 2004 was $2,059,322 or $0.05 per share compared to a loss of $79,072, or $0.01 per share in the prior year quarter. For the nine month period ended September 30, 2004, the net loss was $4,669,379, or $0.14 per share compared to $278,219 or $0.01 per share in the same period in 2003.

As at the end of September 30, 2004, the number of charter members totaled 63,138. Canada represents 95% of the charter member base.

Cash and short term investments of $71,995 at the end of September 30, 2004 have decreased from $440,803 as at December 31, 2003. The Company utilized its cash raised through the financing activities to support its development of the Lemontonic Dating Messenger application and launch of its web services. Including the financing that was announced in November 2004, the Company forecasts that it will have sufficient cash on hand to continue its current operation until the company is cashflow positive.

Pursuant to the agreement announced on November 2, 2004 with Canaccord Capital (Europe) Limited (the "Agent") to act as the exclusive agent on a reasonable endeavors basis in connection with a private placement of Class A shares of the Corporation (the "Class A Shares"), the Agent may exercise an over allotment option of up to 4,500,000 Class A shares to be exercised in whole or in part at the sole discretion of the Agent.

"The investment in v1.0 of our online dating messenger and website is now completed. In the quarter we launched the dating messenger to complement the website which was launched in the second quarter. Our acquisition marketing activities have also been further refined with our key partners Toronto.com and sympatico.msn.ca," stated Mark Pavan, CEO of Lemontonic. "Our product is now fully deployed and our non charter members are now being converted to paying subscribers so that they may utilize the full features of Lemontonic v1.0."

About Lemontonic

Lemontonic Inc. is a social networking software company. The Company's primary business is the development, deployment and sale of proprietary web and instant messaging technology. The Company's initial deployment of the technology (version 1.0) is in the online dating vertical and can be found at its website www.lemontonic.com. Lemontonic is the only company worldwide to successfully integrate Microsoft's core Instant Messenger technology into a commercial networking application targeted at the consumer market.

To find out more about Lemontonic Inc. (TSX-VEN: LEM), visit www.lemontonic.com.

The TSX Venture Exchange Inc. has not reviewed and does not accept

responsibility for the adequacy and accuracy of this release.

VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=27016

For further information: contact Mark Pavan, President and CEO of the Corporation at (416) 874-7199
News release via Canada NewsWire, Toronto 416-863-9350 -MC-