Corel® MediaOne ™ Integration with Smilebox™ Provides Scrapbookers with the Ability to Create and Share Their Projects Digitally

OTTAWA, Canada -- January 31, 2008 Corel Corporation (NASDAQ:CREL;TSX:CRE), a leading developer of graphics, productivity and digital media software, today announced that the company has expanded its relationship with Smilebox™, the leaders in digital scrapbooking and photo greetings. In addition to including Smilebox design templates to create personalized photo and video projects, Corel® MediaOne™ is now fully integrated with the Smilebox service, giving scrapbookers the ability to easily share their creations digitally. Corel MediaOne will be exhibited at the Memorytrends Conference & Expo, co-located with the PMA International Convention and Trade Show at the Las Vegas Convention Center (January 31 - February 2). Corelis located in booth H271.

Under the expanded partnership, Corel MediaOne users can now download and install the integrated Smilebox service directly from within MediaOne. Consumers can take their photos and videos from MediaOne directly to the Smilebox service, select from hundreds of digital templates and create stunning multimedia projects including scrapbooks, slideshows and photo greetings in minutes. These projects can then be emailed, posted to all mainstream blogs or social networks and printed.

"We are thrilled to offer our Corel MediaOne customers even more options to spark their creativity," said Denise MacDonell, Director of Product Management, Digital Media at Corel. "By combining Smilebox and its broad selection of professionally-designed templates with Corel MediaOne, we are able to offer our users an even more enjoyable, fun and creative experience while providing more ways to share their masterpieces with family and friends."

"We are very pleased to broaden our existing relationship with Corel," said Andrew Wright, Founder and CEO of Smilebox. "By bringing these complementary products together, we are making it easy for consumers to create and share highly personalized digital scrapbooks, photo greetings and slideshows."

Corel MediaOne with Smilebox included is now available in the United States and Canada. Current MediaOne users can install the free Update 2.1 from the Corel Message Center or visit www.corel.com/mediaone or www.smilebox.com/?partner=corelmediaone for more information.

About Corel MediaOne
The best choice for point-and-shoot digital camera users who want to express their creativity as well as organize, edit and share their photos and video clips, Corel MediaOne Plus is the fast, fun and easy photo and video software. With easy-to-use tools for photo retouching, effortless photo management, simple video editing, and free automatic online backup and sharing from Sharpcast™, Corel MediaOne offers all the tools consumers need to create fun photo and video projects including scrapbooking pages and slideshows with designs by Sandra Magsamen and Smilebox.

About Smilebox Service
The Smilebox service offers a creative way for consumers to share their stories with friends and family using their photos, videos and music. Users can drag-and-drop photos and videos from their digital camera into hundreds of professionally designed slide shows, scrapbooks, photo greetings, postcards and photo albums and personalize with their own words, music and style. They can email their creations, print or post them to a web site or blog.

About Corel Corporation
Corel is a leading developer of graphics, productivity and digital media software with more than 100 million users worldwide. The Company's product portfolio includes some of the world's most popular and widely recognized software brands including CorelDRAW® Graphics Suite, Corel® Paint Shop Pro®, Corel® Painter™, Corel DESIGNER®, Corel® WordPerfect® Office, WinZip®, WinDVD® and iGrafx®. Designed to help people become more productive and express their creative potential, Core's software strives to set a higher standard for value with full-featured products that are easier to learn and use. The industry has responded with hundreds of awards recognizing Core's leadership in software innovation, design and value. Core's products are sold in more than 75 countries through a well-established network of international resellers, retailers, original equipment manufacturers, online providers and Core's global websites. The Company's headquarters are located in Ottawa, Canada with major offices in the United States, United Kingdom, Germany, China, Taiwan, and Japan. Core's stock is traded on the NASDAQ under the symbol CREL and on the TSX under the symbol CRE.

About Smilebox
Smilebox makes it easy for family and friends to connect around special moments in their lives. The Smilebox catalog features more than 600 designs from leading digital designers such as Hallmark, Making Memories, Madison Park Greetings, K&Company, as well as the Smilebox Studio design team. The service can be downloaded and used free of charge at http://www.smilebox.com.

© 2008 Corel Corporation. All rights reserved. Corel, CorelDRAW, MediaOne, Paint Shop Pro, Painter, Corel DESIGNER, WordPerfect, WinZip, iGrafx, InterVideo, DVD MovieFactory, WinDVD, Ulead and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies.