March 15, 2010 09:29 ET

iLOOKABOUT Announces Series E Warrant Term Extension

LONDON, ONTARIO--(Marketwire - March 15, 2010) - iLOOKABOUT Corp. (TSX VENTURE:ILA) ("iLOOKABOUT" or the "Company") announced today that, subject to the approval of the TSX Venture Exchange ("TSXV"), it will extend the term of its Series E common share purchase warrants (the "Class E Warrants") that were issued as part of a private placement which closed on February 22, 2008.

Each full Class E Warrant entitles its holder to purchase one common share of the Company at an exercise price of $1.00 per share. The Class E Warrants are currently scheduled to expire on April 1, 2010 at 5:00 p.m. (Eastern Time). Subject to the approval of the TSXV, the term of the Class E Warrants will be extended to the earlier of (i) 5:00 p.m. (Eastern Time) on April 1, 2011, or (ii) 5:00 p.m. (Eastern Time) on the 30th calendar day following the Company's common shares attaining a closing price of $1.20 or greater for ten consecutive trading days on the TSXV. To date, none of these Class E Warrants have been exercised.

The Company will be delivering replacement warrant certificates that reflect the amended expiry date to holders of the Class E Warrants in due course.

iLOOKABOUT is a visual data intelligence company serving commercial enterprise in the real estate, insurance, municipal, utility, assessment and appraisal sectors in North America and Europe. iLOOKABOUT is a pioneer in visual data intelligence with its StreetScape and Virtual Tour products. StreetScape is a visual data intelligence product for the geo-spatial market, providing panoramic, comprehensive, street level perspective visual data, geo-coded with latitude and longitude coordinates for accuracy and supported by patented software processes and proprietary security and storage systems. iLOOKABOUT is headquartered in London, Ontario, Canada. iLOOKABOUT's shares are traded on the TSX Venture Exchange under the symbol ILA.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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