Mad Catz/Nintendo deal

SAN DIEGO - Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has secured an accessory license from Nintendo of America Inc., a leading developer and publisher of videogames and videogame consoles and handheld devices, to produce licensed videogame accessories utilizing select Nintendo intellectual property.

Pursuant to the terms of the agreement, Mad Catz has obtained non-exclusive rights to develop and market a range of accessories for the Wii, Nintendo DS and Nintendo DSi systems. Territories covered in the agreement include select countries within North America, South America, Europe, Africa, Australia, New Zealand and the Middle East. The agreement includes the select use of Nintendo’s intellectual property such as the popular Nintendo characters Donkey Kong™, Zelda™, Link™, Mario™, Luigi™, Wario™, Yoshi™, Bowser™, Toad™, Princess Peach™ and Samus™.

“Nintendo has created some of the videogame industry’s most popular and enduring characters and we are honored to have an opportunity to create licensed videogame accessories featuring their world-renowned intellectual property,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “We look forward to offering unique and exciting accessories for the Wii and Nintendo DS and Nintendo DSi systems to videogame fans across the globe.”

About Mad Catz Interactive, Inc.

Mad Catz is a global leader in providing innovative peripherals for the interactive entertainment industry. Mad Catz designs and markets accessories for videogame systems and publishes videogame software, including the industry-leading GameShark videogame enhancements, under its Mad Catz, GameShark and Joytech brands. Mad Catz also designs and markets mice, keyboards, headsets, PC gaming controllers and other PC peripherals through its Saitek brand, and develops, manufactures and markets proprietary portable earphones under its AirDrives brand. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices across Canada, Europe and Asia. For additional information please go to www.madcatz.com, as well as www.gameshark.com, www.airdrives.com, www.saitek.com and www.joytech.net.

Safe Harbor for Forward Looking Statements: This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "should," "plan," "goal," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first party price reductions; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; or a downturn in the market or industry. A further list and description of these risks, uncertainties and other matters can be found in the Company's reports filed with the Securities and Exchange Commission and the Canadian Securities Administrators.

Contacts

Mad Catz Interactive, Inc.

Stewart Halpern, 800-831-1442

Chief Financial Officer

or

Jaffoni & Collins Incorporated

Joseph Jaffoni, Norberto Aja, Jim Leahy

212-835-8500

mcz@jcir.com