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Mad Catz® Announces Sponsorship Agreement With AeroShell® Aerial Aerobatic Team

Number One North American Aerial Acrobatic Team to Promote Saitek® Simulation Brand and Forthcoming Damage Inc.™ Pacific Squadron WWII™ Video Game

San Diego– March 30 th, 2012– Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today the sponsorship of AeroShell ?, ?North Americas’ number one aerial aerobatic display team.

As part of the sponsorship agreement, members of the AeroShell team will be appearing alongside?Mad Catz helping to promote their popular range of Saitek branded pro-flight products, as well as building awareness and anticipation for the Company’s forthcoming Damage Inc. Pacific Squadron WWII video game.

Working with Mad Catz, AeroShell are expected to appear at various North American flight shows, signing autographs and entertaining the crowds, beginning at the Sun n’ Fun show taking place in Lakeland, Florida from March 27 th through April 1 st 2012.

In addition, Mad Catz will be raffling off the opportunity for enthusiasts to win an exclusive VIP ride-along experience, enabling lucky winners to take to the skies in the back seat of a WWII AT-6 single-engine aircraft.

Mad Catz look forward to welcoming visitors to their stand at the Sun n’ Fun show.

Additional information is available at www.teammadcatz.com/aeroshell

About Mad Catz

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed primarily under its Mad Catz ? (casual gaming), Cyborg™ (pro gaming), Tritton ? (gaming audio), Saitek ? (simulation), and Eclipse™ (home and office) brands.? Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; operates a videogame content website under its GameShark ? brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties.? Mad Catz distributes its products through most leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia.? For additional information please go to www.madcatz.com.

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This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "should," "plan," "goal," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first party price reductions; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; or a downturn in the market or industry. A further list and description of these risks, uncertainties and other matters can be found in the Company's reports filed with the Securities and Exchange Commission and the Canadian Securities Administrators.?

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