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Mad Catz® Wins MCV™ Industry Excellence Award

Company Wins Inaugural‘Peripherals&Accessories Brand’ Category at the 2010 Awards Ceremony.

San Diego, April 30. 2010

Mad Catz? Interactive, Inc. (“Mad Catz” or“the Company”) (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider today announced that they won the inaugural‘Peripherals&Accessories Brand’ category at the 2010 MCV Industry Excellence Awards, held in London, England.

Published in the UK and distributed worldwide, MCV is the leading trade newspaper and community website for all professionals working within the UK and international video games market. Reaching a wide variety of gaming professionals from store manager to CEO, MCV is published by Intent Media?, which specialises in entertainment, leisure and technology markets.

Attended by over 650 of the worlds leading video game professionals, the MCV Industry Excellence Awards is a long established highlight of the yearly gaming calendar, with each award judged by a panel of 76 senior industry executives.

The Peripherals&Accessory Brand award was judged on multiple criteria, including the build quality of products, the level of customer service offered to retail and brand popularity amongst gamers. Seven of the industries most notable accessory companies were nominated in the category.

Darren Richardson, President and Chief Executive Officer of Mad Catz commented,“Mad Catz is honored to receive a prestigious MCV Industry Excellence Award and in turn we wish to extend our sincere thanks to the voting panel. We believe the award is a reflection on our strong retail presence and reinforces our commitment to focus on high-end, innovative products which evoke a passionate consumer response”

For further information please contact:

Media

Alex Verrey: Global PR&Communications Manager

t. +44 (0) 1908 336 538

e. averrey@madcatz.com

Michael Greco: Vice President of Marketing

t. +1-619-321-3564

e. mgreco@madcatz.com

Investors

Stewart Halpern: Chief Financial Officer

t. +1-619-321 3550

e. shalpern@madcatz.com

Joseph Jaffoni, Norberto Aja and Jim Leahy

Jaffoni and Collins Incorporated

t. 212/835-8500

e. mcz@jcir.com

About Mad Catz Interactive, Inc.

Mad Catz is a global leader in providing innovative peripherals for the interactive entertainment industry. Mad Catz designs and markets accessories for videogame systems and publishes videogame software, including the industry-leading GameShark videogame enhancements, under its Mad Catz, GameShark and Cyborg brands. Mad Catz also designs and markets mice, keyboards, headsets, PC gaming controllers and other PC peripherals through its Cyborg, Eclipse and Saitek brands, and manufactures and markets proprietary portable earphones under its AirDrives brand. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products across North America and Europe, and is increasing its distribution reach in Asia. For additional information please go to www.madcatz.com as well as www.gameshark.com , www.eclipsetouch.com , www.cyborggaming.com and www.saitek.com.

Safe Harbor for Forward Looking Statements: 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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