ZipLocal Inc.

ZipLocal Inc.

June 14, 2007 13:26 ET

CORRECTION FROM SOURCE: ZipLocal Announces Private Placement Syndicate Members

TORONTO, ONTARIO--(Marketwire - June 14, 2007) -


ZipLocal Inc. (TSX VENTURE:ZIP)(the "Corporation") would like to correct information contained in the news release issued earlier today in connection with its best efforts private placement offering of special warrants.

GMP Securities L.P. will act as lead agent in connection with the private placement, and Orion Securities Inc., Canaccord Securities Inc. and Cormark Securities Inc. will act as members of the investment dealer syndicate (not selling group members as previously announced).

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About ZipLocal Inc.

ZipLocal Inc. ( (TSX VENTURE:ZIP) is a local business directory that connects buyers and sellers through an intuitive and user-defined interface. It collects and maintains a database of more than 1 million Canadian businesses and attracts an average of more than 1 million visitors per month.

Forward looking statement

This press release contains statements that are forward-looking in nature. Statements preceded by the words believe, expect, anticipate, plan, intend, continue, estimate, may, will, and similar expressions are forward-looking statements. Forward-looking statements are based on the Corporation's beliefs and assumptions based on information available at the time the assumption was made. Forward-looking statements relate to, among other things, anticipated financial performance, business prospects, strategies, regulatory developments, new services, market forces, commitments and technological developments, relating to the Corporation. By its nature, such forward-looking information is subject to various risks and uncertainties which could cause the Corporation's actual results and experience to differ materially from the anticipated results or other expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this document, and the Corporation undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.

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

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