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|   | 1. I have reviewed this Annual      Report on Form 20F (the “Annual Report”) for the fiscal year ended      December 31, 2007 of Lingo Media  Corporation; |
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|   | 2. Based on my knowledge, this      Annual Report does not contain any untrue statement of a material fact or      omit to state a material fact necessary to make the statements made, in      light of the circumstances under which such statements were made, not      misleading with respect to the period covered by this Annual      Report; |
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|   | 3. Based on my knowledge, the      financial statements, and other financial information included in this      Annual Report, fairly present in all material respects the financial      condition, results of operations and cash flows of the Registrant as of,      and for, the periods presented in this Annual    Report; |
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|   | 4. The Registrant’s other certifying      officer(s) and I are responsible for establishing and maintaining      disclosure controls and procedures (as defined in Exchange Act Rules      13a-15(e) and 15d-15 (e)) for the Registrant and    have: |
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|   | (a) Designed such disclosure controls      and procedures, or caused such disclosure controls and procedures to be      designed under our supervision, to ensure that material information      relating to the Registrant, including its consolidated subsidiaries, is      made known to us by others within those entities, particularly during the      period in which this Annual Report is being    prepared; |
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|   | Intentionally      Omitted; |
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|   | (c) Evaluated the effectiveness of      the Registrant’s disclosure controls and procedures and presented in this      Annual Report our conclusions about the effectiveness of the disclosure      controls and procedures, as of the end of the period covered by this      Annual Report based on such evaluation;  and |
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|   | (d) Disclosed in this Annual Report      any change in the Registrant’s internal control over financial reporting      that occurred during the Registrant’s most recent fiscal quarter that has      materially affected, or is reasonably likely to materially affect, the      Registrant’s internal control over financial reporting;      and |
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|   | 5. The Registrant’s other certifying      officer(s) and I have disclosed, based on our most recent evaluation of      internal control over financial reporting, to the Registrant’s auditors      and the audit committee of the Registrant’s Board of Directors (or persons      performing the equivalentfunctions): |
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|   | (a) All significant deficiencies and      material weaknesses in the design or operation of internal control over      financial reporting which are reasonably likely to adversely affect the      Registrant’s ability to record, process, summarize and report financial      information; and |
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|   | (b) Any fraud, whether or not      material, that involves management or other employees who have a      significant role in the Registrant’s internal control over financial      reporting. |
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|                          | Lingo Media      Corporation |                                        |
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|                          |                         |                                        |   |
| Date: July 18,      2008 | By:                          | /s/ Khurram      Qureshi               |   |
|                          |                         | Khurram      QureshiChief Financial Officer |   |