Corel Painter IX.5 Wins 2006 World Class Award from PC World

Corel Corproration has announced that Corel® Painter(TM) IX.5 was honored by PC World with a 2006 World Class Award one of The 100 Best Products of the Year.

PRESS RELEASE

Ottawa, ON – June 5, 2006 – Corel Corporation (NASDAQ:CREL; TSX:CRE) today announced that Corel® Painter(TM) IX.5 was honored by PC World with a 2006 World Class Award one of The 100 Best Products of the Year. Winners were announced in the July 2006 issue of PC World (online now and available on newsstands June 13).

Introduced in February 2006, Corel Painter IX.5 gives professional photographers and artists new tools including the powerful Photo Painting Palettes that make it easier than ever to transform photographs into paintings. Adding to the industry-leading power of Corel Painter IX, the Corel Painter IX.5 update also provides support for Rosetta(TM) on the Mac, along with a host of new tools and features to make customers more productive. Corel Painter IX.5 is available now as a free download to registered Painter IX customers and can be purchased directly from www.corel.com.

Corel Painter – the world’s most powerful and enjoyable digital art studio – is the tool of choice for leading professionals and artists in industries including design, film, game development and photography. Photographers choose Corel Painter because it is the ideal software to help them generate additional revenue by creating hand-crafted paintings from their photographs. The new Photo Painting Palettes in Corel Painter IX.5 further simplify this creative process.

Celebrating its 24th year, the respected World Class Awards honor products that meld practical features with innovation and reflect the rapidly changing technology marketplace. To select the winners, PC World’s editors examined hundreds of products, including those that have appeared in the magazine over the past 12 months. The 100 winning products and services were selected for their exemplary design and usability, features, performance, innovation, and price.

“Products that win PC World’s World Class Awards set the standard for excellence in the IT and consumer electronics industries,” stated Harry McCracken, editor in chief of PC World. “From notebook computers and security software to music players and Web sites, the editors reward the most outstanding performers in this annual awards program. Congratulations to Corel Painter IX.5.”

“We’re thrilled that the editors at PC World have once again honored Corel Painter with a World Class Award. This innovative software is the industry standard for professional digital painting and is unmatched in its ability to replicate the real-world painting experience. With Corel Painter IX.5, we’ve raised the bar again, making it easier than ever to kick-start the creative process of transforming photographs into paintings,” said Rick Champagne, product manager for Corel Painter.

The 2006 World Class Award from PC World adds to Corel’s extensive list of Corel Painter IX industry awards that includes Editors’ Choice awards from PC Magazine, CNET, and MacAddict, as well as a Hot1 Award from Professional Photographer.

To download a full-featured trial version of Corel Painter IX.5, please visit www.corel.com/painter.

About Corel Corporation
Corel is a leading global packaged software company with an estimated installed base of over 40 million users. The Company provides high quality, affordable and easy-to-use productivity, graphics and digital imaging software and enjoys a favorable market position among value-conscious consumers and small businesses. Its products are sold in over 75 countries through a scalable distribution platform comprised of original equipment manufacturers (OEMs), Corel’s domestic and international websites, and a global network of resellers and retailers. The Company’s product portfolio features well-established, globally recognized brands including CorelDRAW® Graphics Suite, Corel® WordPerfect® Office, WinZip®, Corel® Paint Shop Pro®, and Corel Painter(TM).

© 2006 Corel Corporation. All rights reserved. Corel, CorelDRAW, WordPerfect, WinZip, Paint Shop Pro, Painter, and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies.