Unique Broadband Systems, Inc. Provides Update on Litigation

On May 31, 2011, Unique Broadband Systems, Inc. ("UBS") (TSX VENTURE:UBS)
announced that the court had ordered UBS to pay, among others, Jolian
Investments Limited ("Jolian") and Mr. Gerald McGoey, their past legal costs and
their ongoing legal expenses in the litigation against UBS, including all legal
costs relating to the claims for termination payments under certain management
services agreements (the "Claims"). On July 5, 2011, UBS announced that it was
appealing the decision of the court in connection with the indemnification of
these legal expenses. At that time, it was also announced that UBS had commenced
proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and that
all proceedings against UBS had been stayed. The CCAA proceedings had been
commenced to, among other things, facilitate the determination of the Claims
being asserted against UBS by Jolian and McGoey, among others, in a cost
effective and expeditious manner.


Following commencement of the CCAA proceedings, Jolian and McGoey sought an
order from the Court that UBS must advance them legal fees to fund the
determination of the Claims. They also requested that the Court add certain
former directors of UBS as third parties to the CCAA claims process so that any
claims for contribution that Jolian and McGoey might have against these former
directors could be determined at the same time as the determination of UBS
counterclaims against them.


On August 13, 2012, Justice Wilton-Siegel released his decision in respect of
Jolian and McGoey's motions. Justice Wilton-Siegel denied both the request for
funds to be advanced to cover ongoing legal expenses and the request that
certain former directors be added as third parties to the CCAA claims process.
The decision notes that Jolian and McGoey's entitlement to indemnification will
be determined as a part of the CCAA claims process and if it is determined that
they are entitled to indemnification, that claim will rank ahead of other
creditors at the conclusion of the claims process. It was further noted that it
was premature to determine whether the former directors should be added as
parties to the CCAA claims process at this time and that the court should be
cautious not to include third party claims in a CCAA process when those claims
would prolong the CCAA process and add needless expense.


UBS is pleased to have both of these issues resolved in its favour and can now
focus on completing the claims process. Further information on the status of the
claims process will be provided as soon as the scheduling for the next phase of
the process is settled.


About Unique Broadband Systems, Inc.

UBS's shares are listed on the TSX Venture Exchange under the symbols "UBS".
More information on UBS can be found at www.sedar.com.


The corporate information contained in this release includes forward-looking
statements regarding future events and costs that involve risks and
uncertainties that could cause actual results to differ materially. Assumptions
used in the preparation of such information, although considered reasonable by
UBS at the time of preparation, may prove to be incorrect. The actual results
achieved may vary from the information provided herein and the variations may be
material. Consequently, there is no representation by UBS that actual results
achieved will be the same in whole or in part as those forecast.