TEXADA Software Inc. Announces New President & CEO and Private Placement of Convertible Securities

NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES OF AMERICA


TEXADA SOFTWARE INC. (TSX VENTURE:TXS), is pleased to announce that Brian Spilak
has been appointed President & CEO of Texada, subject to TSX Venture Exchange
("TSXVE") and regulatory approvals. Mr. Spilak was most recently Vice President,
Revenue Support Services for Stephenson's Rental Services Inc., a Toronto-based
equipment rental company.


Brian Pedlar, Chairman of the Board of Texada, said "We are very excited about
the arrival of Brian Spilak, a proven rental equipment executive with terrific
drive and energy who we believe will be a tremendous addition to Texada, its
partners and its customers". In connection with this appointment, the Board of
Directors will grant to Mr. Spilak 438,367 stock options in accordance with the
Company's stock option plan and the rules of the TSXVE, with an exercise price
of $0.10 and an expiry date of five years from the date of issue. Texada also
announced that Nigel Miller has resigned as President and Chief Executive
Officer of the company. Steven Lamb, a director of Texada, said "On behalf of
the Board of Directors, I wish to thank Nigel for his tremendous effort in
building Texada to its current level and navigating the company through some
difficult times. We wish him the best of luck in his future endeavours".


Texada also announced today a non-brokered private placement (the "Private
Placement") of units (the "Units") of Texada for anticipated gross proceeds of
up to $1,100,000. The company intends to use the net proceeds of the Private
Placement for repayment of existing debt, including holders of convertible debt
issued on January 7, 2008, and for working capital. It is expected that insiders
of Texada will be subscribing for greater than 25% of the Private Placement, on
the same terms as arm's length investors. The Private Placement is expected to
close on or about November 28, 2008, and may close within 21 days of the date of
filing of a material change report in connection with the closing, if management
of Texada determines it is reasonable or necessary in the circumstances. The
Private Placement is subject to receipt of all required regulatory and TSXVE
approvals.


Each Unit consists of $1,000 principal amount 10% senior secured convertible
debentures (the "Debentures") and 5,000 warrants (the "Warrants"). The
Debentures will mature on November 28, 2011 (the "Maturity Date") and are
convertible at the holder's option into common shares (the "Common Shares") of
Texada at any time prior to the Maturity Date at a conversion price of $0.10 per
Common Share until November 28, 2010 and $0.11 per Common Share from November
29, 2010 until November 28, 2011. Conversion may be forced in certain
circumstances. Each Warrant entitles the holder to acquire one Common Share at
any time up to November 28, 2010 at an exercise price of $0.10 per Common Share.


The Debentures and Warrants issued in connection with the Private Placement, as
well all the Common Shares underlying such securities (if exercised prior to the
date that is four months and one day from the date of distribution), will be
subject to a hold period of four months and one day from the date of
distribution under applicable securities laws and TSXVE rules.


About Texada

Texada Software Inc. is the premier provider of enterprise software solutions
for mobile equipment and rental management. Texada's solutions are fully
flexible and scalable to meet the unique needs of any sized operation and are
backed by proven implementation, services and support.


Texada's market-driven software products combine knowledge and best practices
from over 400 customers worldwide, resulting in solutions that manage the
complete life-cycle from acquisition through to disposal, Our customers enjoy
the benefits of enhanced efficiency through better asset utilization, effective
location tracking, and optimized scheduling.


Texada can be reached at 1-800-361-1233 or [phone], or on the internet
at www.texadasoftware.com.


FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements based on management's
current projections, beliefs and opinions at the date of this news release.
Actual results could differ materially from those anticipated in the statements
due to risks and uncertainties which affect the Company's business and
operations. Reference should be made to the Company's continuous disclosure
documents filed from time to time with Canadian securities regulatory
authorities for a detailed description of such risks and uncertainties. The
Company takes no responsibility to update forward-looking statements if
circumstances or management's projections, beliefs or opinions change other than
as required by applicable laws.