Carlaw Capital II Corp. Announces Conditional Approval and SEDAR Filing of Filing Statement in Connection with Proposed Qualifyi

Carlaw Capital II Corp. (TSX VENTURE:CAW.P)("Carlaw") is pleased to announce
that it has received conditional approval today from the TSX Venture Exchange
(the "Exchange") relating to the previously announced proposed qualifying
transaction (the "Transaction") with TrueContext Corporation. The Transaction is
currently scheduled to close on or about August 5, 2009. A Filing Statement
prepared in accordance with the requirements of the Exchange in connection with
the Transaction has been filed with the Exchange and the applicable Canadian
securities regulators on SEDAR and is available at www.sedar.com.


Completion of the Transaction is subject to a number of conditions, including
but not limited to, final Exchange acceptance and if applicable pursuant to
Exchange Requirements, majority of the minority shareholder approval. Where
applicable, the Transaction cannot close until the required shareholder approval
is obtained there can be no assurance that the Transaction will be completed as
proposed or at all.


Investors are cautioned that, except as disclosed in the Filing Statement
prepared in connection with the Transaction, any information released or
received with respect to the Transaction may not be accurate or complete and
should not be relied upon. Trading in the securities of a capital pool company
should be considered highly speculative.


The Exchange has in no way passed upon the merits of the Transaction and has
neither approved nor disapproved the contents of this press release.


Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Actual
results might differ materially from results suggested in any forward-looking
statements. Neither Carlaw nor TrueContext assume any obligations to update the
forward-looking statements unless and until required by applicable securities
laws. Additional information identifying risks and uncertainties is contained in
filings by Carlaw with the Canadian securities regulators, which filings are
available at www.sedar.com.