Texada Software Inc. Announces Exercise of Warrants

TEXADA SOFTWARE INC. (the "Company") (TSX VENTURE:TXS) is pleased to announce
that 1,660,000 of the warrants (the "Warrants") issued in connection with the
private placement which closed on December 2, 2008 have been exercised prior to
their expiry on December 2, 2010. Accordingly, the Company has issued 1,660,000
common shares in the capital of the Company (the "Common Shares") at $0.10 per
Common Share for total gross proceeds of $166,000. With the issuance of these
Common Shares, the issued and outstanding Common Shares have increased to
10,427,349 Common Shares.


1610488 Ontario Ltd. ("1610488"), a company controlled by Iqbal Kassam,
announced that it has exercised the 1,660,000 Warrants referred to above. After
giving effect to this exercise, Mr. Kassam beneficially holds, through 1610488,
(i) 2,998,464 Common Shares representing 28.75% of the issued and outstanding
Common Shares and (ii) 3,984,000 Common Shares issuable upon conversion of
certain debentures. If all convertible debentures held by 1610488 were to be
fully converted (assuming no other share purchase warrants, convertible
debentures or other convertible securities of the Company were exercised or
converted, as the case may be) Mr. Kassam would beneficially own approximately
6,982,464 Common Shares or 48.45% of the then-outstanding Common Shares on a
partially diluted basis. 1610488 and Mr. Kassam have acquired the securities of
the Company for investment purposes. 1610488 and Mr. Kassam have no present
intention of acquiring other securities of the Company, or disposing of any of
the securities of the Company they currently hold. For further information
regarding 1610488's acquisition of securities of the Company or to obtain a copy
of the early warning report in respect of this transaction, please contact John
Kirincic at [phone]. A copy of the early warning report will also be
available under the Company's profile on SEDAR at www.sedar.com.


About Texada Software Inc. (TSX VENTURE:TXS)

Texada Software Inc. is the premier provider of enterprise software solutions
for equipment rental and mobile equipment. 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 5,000 users worldwide, resulting in solutions that manage the complete
asset life-cycle from acquisition through to disposal. The Company's customers
enjoy the many benefits of this enhanced efficiency through better asset
utilization, effective location tracking, and optimized scheduling. 


Texada can be reached at 1-800-361-1233 x-2104 or 1-416-357-1107, or on the
internet at www.texadasoftware.com.


This news release may contain forward-looking statements which reflect the
Company's current expectations regarding future events. The forward-looking
statements are often, but not always, identified by the use of words such as
"seek", "anticipate", "plan, "estimate", "expect", "intend" and statements that
an event or result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. These forward-looking statements involve
risk and uncertainties, including the difficulty in predicting acceptance of and
demands for new products, the impact of the products and pricing strategies of
competitors, delays in developing and launching new products, fluctuations in
operating results and other risks, any of which could cause results,
performance, or achievements to differ materially from the results discussed or
implied in the forward-looking statements. Many risks are inherent in the
industry; others are more specific to the Company. Texada's ongoing quarterly
filings should be consulted for additional information on risks and
uncertainties relating to these forward-looking statements. Investors should not
place undue reliance on any forward-looking statements. Management assumes no
obligation to update or alter any forward-looking statements whether as a result
of new information, further events or otherwise.