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SWORD GIRLS OPEN BETA GOES LIVE

$10,000 "Slash for Cash" Ladder Tournament to Begin on April 12

SANTA CLARA, CA (March 28, 2012)-- ChangYou.com (US) Inc., a wholly-owned subsidiary of ChangYou.com Ltd. (NASDAQ: CYOU) and a leading publisher of online interactive entertainment in North America, proudly announced today that Sword Girls has entered open beta. Available immediately, players can sign up to play for free at http://www.SwordGirlsOnline.com

Sword Girls launch trailer can be viewed at http://www.youtube.com/user/SwordGirls

To mark the open beta launch, ChangYou will host a Sword Girls "Slash for Cash" Ladder Tournament on April 12 and continue through April 18. In this first of four ladder tournaments planned for Season 1, players will compete head-to-head and battle their way up the Leaderboard. At the completion of each ladder round, the winners will be announced and prizes awarded. Players who place in any of the ladder tournaments will win rare in-game rewards and a share of the $10,000 total cash prize pool.

"Sword Girls launch adds a wealth of brand new content and much needed updates that both longtime players and newcomers will enjoy," said In Joon Hwang, Marketing Director at ChangYou.com (US) Inc. "Players will want to begin crafting their decks and sharpening their skills now in preparation for the ladder tournament. With the new Facebook integration, it's easier than ever to get your friends involved and challenge them to a match!"

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Sword Girls is the newest online collectible card game with visually stunning anime design and strategic game play that will entice both veteran players and newcomers alike. The game features hundreds of uniquely drawn playable cards that can be collected through the innovative card crafting system with new cards released periodically. Players are invited to explore multiple tiers of dungeons and challenge other players to online duels to collect materials that can be used to craft their favorite cards. Sword Girls is free to play for everyone and works on any Flash enabled web browser.

More information about the game including in-game tips and tricks and deck building strategies can be found on the Sword Girls Facebook page at http://www.Facebook.com/SwordGirls.??

Note to editors: Assets and the video trailer for Sword Girls can be found at http://mmpr.com/MMPRFTP/FTP_Folders/ChangYou/Sword_Girls

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About Changyou.com (US)

ChangYou.com (US) is a publishing subsidiary of ChangYou.com, Ltd. (NASDAQ: CYOU) located in Santa Clara, California. Originally started as the MMORPG business unit of Sohu.com in 2003, ChangYou.com became a separate, stand-alone company in December 2007. As a leading publisher of free-to-play massively multiplayer online games in North America, ChangYou.com (US) has published multiple MMORPGs, including Blade Wars, Dragon Oath and Zentia. More information about the company can be found at us.changyou.com.

About Zeonix

Zeonix is a leading developer of PC online games based in Seoul, Korea. Since 2003, Zeonix has created some of the most critically acclaimed online trading card games, including Fantasy Masters and Ragnarok TCG. The partnership with ChangYou.com (US) to release the upcoming Sword Girls in North America demonstrates Zeonix's continuing efforts to establish its global presence. More information about Zeonix can be found at? www.Zeonix.com.

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