Location Based Technologies Begins Sales of PocketFinder Devices on BestBuy.com, in the U.S.A.

Location Based Technologies, Inc. (OTCBB:LBAS), a leading service provider of commercial and consumer personal, pet and vehicle GPS locator devices, has begun sales of its PocketFinder Personal devices on BestBuy.com. PocketFinder vehicle devices are expected to be available on the BestBuy.com site in the near future, prior to the 2013 holiday season.

“BestBuy will be another great partner for our products and our brand,” said Dave Morse, CEO of Location Based Technologies. “We continue to grow our retail presence with some of the best companies in the world and we look forward to expanding our relationship with such a world recognized electronics retailer, Best Buy.”

About Location Based Technologies, Inc.

A publicly traded company, Location Based Technologies (OTCBB: LBAS) designs and builds dedicated GPS products and services that are affordable and easy to use. Robust GPS solutions are available for Commercial as well as Consumer markets. The PocketFinder, Location Based Technologies’ small personal GPS locator device, provides an easy solution to help people use technology to stay connected to the people, pets and assets they value most. PocketFinder products include the GPS Vehicle Locator, Personal GPS Locator and GPS Pet Locator. For more information, visit http://www.pocketfinder.com. For commercial solutions, visit http://www.locationbasedtech.com.

PocketFinder and Location Based Technologies, Inc. are trademarks of Location Based Technologies, Inc. registered in the U.S. and other countries.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment and data center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, system interruption, inventory, government regulation and taxation and payments. More information about factors that potentially could affect Location Based Technologies’ financial results is included in Location Based Technologies’ filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

Location Based Technologies, Inc.Investor Relations:General CounselGregory Harrison, 888-600-1044 ext. [e-mail]