Cell-Loc Location Technologies Inc.

Cell-Loc Location Technologies Inc.

March 18, 2005 19:20 ET

Cell-Loc Location Technologies Announces Revised Terms of Previously Announced Non-Brokered Private Placement




MARCH 18, 2005 - 19:20 ET

Cell-Loc Location Technologies Announces Revised Terms
of Previously Announced Non-Brokered Private Placement

CALGARY, ALBERTA--(CCNMatthews - March 18, 2005) - Cell-Loc Location
Technologies Inc. (TSX VENTURE:LTI) ("CLTI" or the "Company"), a leading
developer of network-based wireless location technology that enables
location-based services, is pleased to announce a revision to the terms
of it's previously announced a non-brokered private placement now
consisting of up to 5,500,000 units ("Units") in the capital of the
Company for gross proceeds of approximately $1,017,000 at a price of
$0.185 per Unit (the "Offering"). This increase in the private placement
is due to an oversubscription on the original $800,000 amount.

Each Unit consists of one common share of ("Common Share") and one half
of one common share purchase warrant (a "Warrant"). Each whole Warrant
entitles the holder thereof to acquire one Common Share at an exercise
price of $0.25 per Common Share, subject to adjustment in certain
events, at any time on or before 4:30 p.m. (Calgary time) on the 18
month anniversary of the closing of the Offering, subject to adjustment
in certain events.

Subject to receipt of approval for the Offering from the TSX Venture
Exchange, the securities will be offered for sale in the Provinces of
Alberta, British Columbia and Ontario and such other jurisdictions as
the Corporation may decide, pursuant to certain exemptions from the
registration and prospectus requirements of applicable securities laws.
The first tranche of the private placement consisting of approximately
3,568,000 Units previously announced is expected to close on March 18,

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:

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

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For further information about CLTI and the ongoing technology business,
please see the below contact.


Contact Information

    Cell-Loc Location Technologies Inc.
    Dave Guebert
    Chief Financial Officer
    (403) 569-5796
    Email: investor@cell-loc.com
    TSX Venture Exchange has neither approved nor disapproved of the
    contents of this news release.