Vigil Locating Systems Corporation

Vigil Locating Systems Corporation

August 27, 2007 18:00 ET

Vigil Locating Systems Corporation: Shareholders Approve the Sale of All Assets

MONTREAL, QUEBEC--(Marketwire - Aug. 27, 2007) - Vigil Locating Systems Corporation ("Vigil GPS") (TSX VENTURE:VIG) announces today that its shareholders and those of its wholly owned subsidiary approved at 95,08% in a special meeting the sale of substantially all of the assets and commercial activities of Vigil Technology Locating Systems Inc. in consideration of money and assumption of liabilities to Datacom Wireless Corporation (TSX VENTURE:DAT) as described in the management proxy circular dated July 31, 2007. Datacom Wireless Corporation is in the same field as Vigil GPS and will therefore continue the commercial operations of Vigil GPS once the transaction is completed.

The agreement is made at arms length. The disclosure of the transaction is subject to the completion of all of the closing conditions and the final approval of the TSX Venture Exchange and should be closed on or around August 31, 2007.

Consequently, at the same special meeting, Julien Joly announced his resignation as Director, President, Chief Executive Officer and Chief Financial Officer of Vigil, to be effective on August 31, 2007, that is the considered date of the closing of the agreement above mentioned.

FORWARD-LOOKING INFORMATION -- This press release contains forward-looking statements reflecting Vigil GPS objectives, estimates, expectations and the impact of acquisitions on Vigil GPS's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Vigil GPS's projections or expectations.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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