Exhibit 12
 CERTIFICATION
 
 I, Gregg Goldstein certify
that:
 
 1.  I have reviewed this annual
report on Form 20-F of LiveReel Media Corporation;
 
 2.  Based on my knowledge, this
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 report;
 
 3.  Based on my knowledge, the
financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of
operations and cash flows of the company as of, and for, the periods presented
in this report;
 
 4.   The Company’s other certifying
officer and I are responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-15(e)) and
have:
 
 (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
company, including its consolidated subsidiaries, is made known to me by others
within those entities, particularly during the period in which this report is
being prepared;
 
 (b) Evaluated the effectiveness of the
company’s disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures,
as of the end of the period covered by this report based on such evaluation;
and
 
 (c) Disclosed in this report any change in
the company’s internal control over financial reporting that occurred during the
period covered by the annual report that has materially affected, or is
reasonably likely to materially affect, the company’s internal control over
financial reporting; and
 
 5.  The Company’s other certifying
officer and I have disclosed, based on our most recent evaluation of internal
control over financial reporting, to the company’s auditors and the audit
committee of the company’s board of directors (or persons performing the
equivalent functions):
 
 (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
company’s ability to record, process, summarize and report financial
information; and
 
 (b) Any fraud, whether or not material,
that involves management or other employees who have a significant role in the
company’s internal control over financial reporting.
 
 Date:  November30, 2008
 
 /s/ Gregg
Goldstein
 
 Gregg Goldstein
 Chief Executive
Officer
   
 
   Exhibit 12
 CERTIFICATION
 
 I, J. Stephen Wilson certify
that:
 
 1.  I have reviewed this annual
report on Form 20-F of LiveReel Media Corporation;
 
 2.  Based on my knowledge, this
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 report;
 
 3.  Based on my knowledge, the
financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of
operations and cash flows of the company as of, and for, the periods presented
in this report;
 
 4.   The Company’s other certifying
officer and I are responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-15(e)) and
have:
 
 (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
company, including its consolidated subsidiaries, is made known to me by others
within those entities, particularly during the period in which this report is
being prepared;
 
 (b) Evaluated the effectiveness of the
company’s disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures,
as of the end of the period covered by this report based on such evaluation;
and
 
 (c) Disclosed in this report any change in
the company’s internal control over financial reporting that occurred during the
period covered by the annual report that has materially affected, or is
reasonably likely to materially affect, the company’s internal control over
financial reporting; and
 
 5.  The Company’s other certifying
officer and I have disclosed, based on our most recent evaluation of internal
control over financial reporting, to the company’s auditors and the audit
committee of the company’s board of directors (or persons performing the
equivalent functions):
 
 (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
company’s ability to record, process, summarize and report financial
information; and
 
 (b) Any fraud, whether or not material,
that involves management or other employees who have a significant role in the
company’s internal control over financial reporting.
 
 Date:  November30, 2008
 
 /s/J. StephenWilson
 
 J. Stephen Wilson
 Chief Financial Officer& Corporate
Secretary