PIRATE HUNTER AND PATRICIAN III GO GOLD

Life simulation games offer a unique combination of trading, fighting and action in the Caribbean and Europe

Los Angeles, CA - September 24, 2003 - Encore, a majority-owned subsidiary of Navarre Corporation (NASDAQ: NAVR), today announced that Pirate Hunter and Patrician III, life simulation games developed by Ascaron Entertainment, have gone gold. These two PC games offer a unique combination of trading and fighting, one on the high seas of the Caribbean, the other in the cities of Northern Europe during the Middle Ages. Both are expected to be on store shelves in October and will retail for approximately $30 and $40, respectively.

Said Michael Bell, Encore's CEO, "Pirate Hunter and Patrician III are excellent additions to a wide range of games being published through Encore's Third-Party Publishing Program. We are excited to bring these games to market."

Added Roger Swindells, Managing Director at Ascaron, "Pirate Hunter and Patrician III are high-quality games with beautiful graphics. We designed them to offer the perfect balance of trading, fighting, action and fun."

Pirate Hunter - Bounty Hunting in the Caribbean

The high seas of the Caribbean during the 16th and 17th centuries is the setting for Pirate Hunter, a combat adventure where players plunder and loot ships, invade towns, capture buccaneers and defeat infamous pirates. Players can also increase their wealth by trading goods between cities and delivering on missions. The goal is to gain money to increase their fleet and ultimately become rich enough to become Governor.

Features of the game include:

• 16 fully detailed scenarios with open-ended options
• Real-time 3-D effects -- for example, during sea battles, ships sway on the waves and damage is shown instantly
• 5 levels of difficulty, defined by the nation and time period
• 4 nations (England, Spain, France and the Netherlands) and 4 period settings
• Vast, detailed game world spanning 60 towns across the islands of the Caribbean
• Missions range from shipwreck and rescue to hunting pirates and attacking towns
• 12 different ship types, from the smaller sloop to the mighty Ship of the Line
• Extra game options to unlock as players progress
• Quick Game Start and Tutorial for novice pirates

Price: Approximately $30 Platform:PC Genre: Action adventure/life simulation Expected ESRB Rating: Everyone System Requirements:PentiumT III 900 MHZ or higher, Windows® 98/ME/2000/XP, 128 MB RAM, 500 MB hard disk space, 4x CD-ROM drive, 32MB Direct 3D compatible, 3D Accelerated graphics card, Windows®-compatible sound card, DirectX® 8.1

Patrician III - Trading in Northern Europe during the Middle Ages
Patrician III is a real-time trading simulation set in Northern Europe during the 1300's. As residents of a medieval town, players build cities, manage economies and battle pirates. Their goal: to rise from a simple trader to Patrician, and then to Lord Mayor and eventually Alderman. To achieve this rise in stature, players can fill their coffers through piracy and smuggling, hone their trading skills, or focus on town improvement and diplomacy. This ability to choose gameplay style makes Patrician III unique.

As the third title in the popular Patrician series, this game also features:

• Extensive game options Players can levy taxes, erect defenses, build armies, destroy pirate lairs and establish new trade routes
• Five difficulty levels
• Building options to increase a town's trading importance: warehouses, mints, elementary schools, barns and more
• Seasonal and weather effects
• New map editor Up to 25 towns from a pool of 40 can be selected and customized
• Customizable towns
• A.I. that adjusts according to experience and ability.
• Faithfully reproduced historical ships
• New land routes, enhanced trading options, and expanded cities
• Single-and multi-player modes for up to 8 players

Price: Approximately $40 Platform:PC Genre: Life simulation Expected ESRB Rating: Everyone System Requirements:Pentium IIIT 450 or higher, Windows® 98/ME/2000/XP, 648 MB RAM, 660 MB hard disk space, 8x CD-ROM drive, 32MB Direct 3D compatible, 3D Accelerated graphics card, Windows®-compatible sound card, network card for LAN mode, Internet connection for Internet mode

About Encore
Encore, a majority-owned subsidiary of Navarre Corporation (NASDAQ: NAVR), is a leading interactive publisher in the PC CD-ROM and videogame markets. The company will release close to a dozen new entertainment titles in the coming months through licensing or publishing agreements with Marvel (DaredevilT), JoWooD Productions (Silent Storm, Spellforce and Soldner among others), Lost Toys (Battle Engine Aquila), Ascaron (Pirate Hunter and Patrician III) and Victory Simulations (Redline: Xtreme Air Racing 2). The company also offers PC titles or compilations in nearly every major software category from business and productivity to education and kids, including brand names such as Sesame StreetT, Advantage and SafeworldT.

Encore products are sold in thousands of retail outlets nationwide, and in major international markets. For more information on Encore and Navarre Corporation, visit www.encoreusa.com and www.navarre.com.

About Ascaron
Ascaron Entertainment GmbH, a privately owned developer and publisher based in northern Germany, has been developing entertainment software for a variety of hardware platforms since its inception in 1991. The company's senior management team has over 100 years of games industry experience, and all are avid gamers. Ascaron is focused on delivering high-end RTS, Simulation and Action games for PC's that will entertain the more discerning consumer with many hours of in-depth game play. Previous successes include The Patrician (1992), Elizabeth I (1996), the Anstoss football management brand (throughout the 1990s), and Port Royale (2002).

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