Cell-Loc Settles Debt

Cell-Loc Location Technologies Inc. (TSX VENTURE:XCT) reports that it has
entered into a termination and settlement agreement with the National Research
Council Canada regarding liabilities for funding repayments due under the
Industrial Research Assistance Program Repayable contribution agreement. Under
the terms of the agreement, Cell-Loc will pay $30,000 during the next ten months
in settlement of all amounts repayable under the contribution agreement.


Through settlement of this liability, the Company has now completed the
restructuring of its liabilities and is moving forward towards achieving its new
business plan.


About Cell-Loc Location Technologies Inc.

Cell-Loc is an intellectual property company that has a proprietary technology
designed for deployment of wireless data transmission and location based
services. The Company has installed a commercial network in Sao Paulo, Brazil
where its technology is being deployed for stolen vehicle recovery services
within that network. Cell-Loc is currently in the engineering design and
development phase whereby its technology will be deployed for telemetry markets
that can be serviced by an existing network or customized as a stand-alone low
cost line of sight network application.


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