News Release  
For immediate release

Trading Symbol: LTI 

 

Cell-Loc Location Technologies announces conversion of Promissory note by Ansen 

Calgary, AB, Nov 25, 2004 – Cell-Loc Location Technologies Inc. (TSX-V: LTI) (“CLTI”), today announced that Ansen Corporation, the holder of a US$2.5 million Convertible Promissory Note, has elected to convert the outstanding balance of the Note into common shares of CLTI.

Under the terms of the Note, Ansen will convert outstanding amounts to CLTI common shares at a price of US$0.50 per share.  As a result of this conversion, CLTI will issue five million common shares in payment of the principal amount and 458,336 shares in payment of accrued interest of US$ 229,168.

About Cell-Loc Location Technologies Inc.

Cell-Loc Location Technologies Inc. (www.cell-loc.com) is the developer of 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.

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

Sheldon Reid
Chief Executive Officer
Cell-Loc Location Technologies Inc
Phone: 403.569.5700