FOR IMMEDIATE RELEASE


MEGADETH AND SANCTUARY PART WAYS

July 19, 2005

The latest MEGADETH release, Greatest Hits: Back To The Start (Capitol), entered the charts at #65. On the concert front, MEGADETH is performing this summer on the inaugural "GIGANTOUR" package tour with Dream Theater, Fear Factory and others. The six-week festival trek--with the fan-friendly ticket price of approximately $35 each--is the brainchild of DAVE MUSTAINE, who hand-picked the bands for GIGANTOUR, with a focus on musicianship.

MEGADETH founder and frontman DAVE MUSTAINE also confirms that the group has parted ways with Sanctuary Records. The legendary, multi-platinum group released three albums on Sanctuary, including 2004's critically acclaimed THE SYSTEM HAS FAILED which debuted at #18 on the Billboard pop albums chart.