Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today that it will launch a new flight simulation experience entitled Combat Pilot in the summer of 2012. Combat Pilot introduces multiplayer, military aviation and combat operations to the realistic world of flight simulation, where simulation enthusiasts from around the world can train, fly, fight and interact together. Combat Pilot was developed by Mad Catz’ internal ThunderHawk Studios ™ and represents the first ever interactive, multiplayer combat simulation built around Flight Simulator X™ from Microsoft ® (sold separately). Those entering the Combat Pilot universe must qualify to earn their wings in order to fly with others in the community. The proprietary, multiplayer engine, as well as the regulated military environment, sets Combat Pilot apart from any other flight simulation experience. “We believe that Combat Pilot will prove to be an important destination for the flight simulation community to gather, interact, and share experiences,” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “Mad Catz’ Saitek ™ brand and flight simulation is an important part of our company’s culture and Combat Pilot will allow the flight simulation community to come together and interact as never before.” To learn more and to reserve your unique call-sign, visit www.combatpilotseries.com. About Mad Catz Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz ® (gaming), Tritton ® (audio), and Saitek ® (simulation) brands. Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. Mad Catz distributes its products through most leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to www.madcatz.com. Social Media Facebook: http://www.facebook.com/MadCatzInc Twitter: http://twitter.com/MadCatzInc YouTube: http://www.youtube.com/MadCatzCompanySafe Harbor 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.