News Release
For immediate release	Trading Symbol: LTI  (TSV-V)

Calgary, AB, January 30, 2004 – Cell-Loc Location Technologies Inc. (TSX-V: LTI) (“CLTI”) today reported that it intends to issue 40,000 common shares to extinguish a creditor debt valued at $13,096.80. This issuance of common shares is conditional upon TSX Venture Exchange approval.

About Cell-Loc Location Technologies Inc.

Cell Loc Location Technologies Inc. (www.cell-loc.com) is the developer of Cellocate™, a family of network-based wireless location products that enable location-based services. Located in Calgary, Alberta, Cell-Loc currently develops, markets and supports its patented wireless location technology in North and South America and Asia, with a view to expanding globally. Cell-Loc is listed on the TSX Venture Exchange under the trading symbol: "LTI."

Forward Looking Statements: This news release contains certain information that may constitute forward-looking statements under applicable securities laws. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Actual results achieved may vary from the results anticipated or implied herein and variations may be material. There is no representation by the Company that actual results achieved will be the same in whole or in part as those implied in any forward looking statements.

TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

To receive Cell-Loc Location Technologies news, please subscribe to CCNMatthews' Hot Off the Wire free news service (http://eservices.ccnmatthews.com/hotw/index.jsp).

- 30 -

For further information about CLTI and the ongoing technology business, please contact: