Cell-Loc Location Technologies Inc. Issues Shares

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.


Cell-Loc Location Technologies Inc. (TSX VENTURE:XCT) ("Cell-Loc") announces
that, subject to regulatory approval, it has agreed to issue shares in
settlement of certain obligations.


The Company has agreed to issue a total of 150,000 common shares to three
debenture holders as consideration for their agreement to wave certain repayment
rights in connection with the Company's recent financing. The shares are deemed
to be issued with a value of $0.10 per share.


In addition the Company has agreed, subject to regulatory approval, to issue
180,000 common shares to a company controlled by one of Cell-Loc's directors as
compensation for services provided by him in business development activities for
the Company. The shares are deemed to be issued with a value of $0.12 per share.


In each case, the common shares shall be subject to a hold period of four months
and one day from their respective dates of issue.


About Cell-Loc Location Technologies Inc.

Cell-Loc is an intellectual property company that has a proprietary technology
designed for deployment of wireless data transmission and location based
services. The Company has installed a commercial network in Sao Paulo, Brazil
where its technology is being deployed for stolen vehicle recovery services
within that network. Cell-Loc is currently in the engineering design and
development phase whereby its technology will be deployed for telemetry markets
that can be serviced by an existing network or customized as a stand-alone low
cost line of sight network application.


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Cell-Loc Location Technologies Inc. (TSXV:XCT)
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