Cell-Loc Location Technologies Inc. Announces Termination of Acquisition Agreement and Resignation of Directors

Cell-Loc Location Technologies Inc. (TSX VENTURE:XCT) ("Cell-Loc") announces
today that it will not be proceeding with the acquisition of CLTI as described
in its press release dated October 18, 2011 and that Cell-Loc has advised the
shareholders of CLTI that it has terminated the previously announced acquisition
agreement in relation to Cell-Loc's proposed acquisition of CLTI. As a result,
Cell-Loc will not be seeking shareholder approval for such acquisition at its
upcoming annual general and special meeting of Cell-Loc shareholders currently
scheduled for November 30, 2011. 


Notwithstanding the termination of the acquisition agreement, Cell-Loc continues
to work closely with CLTI's wholly owned subsidiary, X3 Telecomunicacoes e
Equipamentos Ltda, ("X3"), which currently has an active Cellocate Network which
covers over 1,500 square kilometers in Sao Paulo, Brazil. The parties remain
committed to their current license agreement providing X3 the right to use
certain of Cell-Loc's proprietary wireless location technology and intend to
continue to work with one another in the pursuit of future business
opportunities in Brazil and elsewhere.


In addition, Alvaro Schocair and Roberto Junqueira have advised the Company that
they have resigned from the Board of Directors and that they will not be seeking
re-election at the upcoming annual general and special meeting of the
shareholders. The Company thanks Mr. Schocair and Mr. Junqueira for their
contributions during the past year and a half.


About Cell-Loc Location Technologies Inc.

Cell-Loc is an intellectual property company that designs, develops and deploys
proprietary technology that enables wireless location and data transmission
services. Cell-Loc's core competencies include digital hardware, and software
design, signal processing, firmware development and project management of
wireless datacom installations.


Cell-Loc's Cellocate Network is designed as a low-cost, low-bandwidth, two-way
data communications network for cost sensitive applications. By operating in the
2.4 GHz unlicensed ISM band, the Cellocate Network has inherently lower
operating costs that its cellular competitors. Therefore, once a critical mass
of subscribers has been achieved on a deployed Cellocate Network, Cell-Loc can
reduce end user costs on its Network by eliminating cellular data charges and
system access fees.


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