Mr. Francis Letourneau reports

NURAN CLOSES INTERIM PRIVATE PLACEMENT IN PREPARATION FOR RESTRUCTURING TRANSACTION

Nuran Wireless Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $300,000. This was accomplished through the issuance of 13,636,362 units of the company priced at 2.2 cents per unit. Each unit comprises: (i) one common share in the capital of the company and one-half of one share purchase warrant. Each whole warrant will entitle the holder thereof, following the proposed consolidation, to acquire one preconsolidation share at a preconsolidation price of 3.3 cents per warrant share until 5 p.m. Vancouver time on the date of expiration of the warrant, which is three years following issuance.

The private placement is an interim step in the restructuring transaction approved at the company's recent annual general and special meeting providing for debt settlement agreements to convert up to $25-million of debt (inclusive of accrued interest) into equity, or some other form of agreement and structure with similar effect, and raise an additional $5-million of equity, or such other ratio to be determined by the company. Proceeds raised from the interim private placement will be used by the company for working capital purposes. The shares and warrant shares are subject to a statutory four-month-and-one-day hold period, and such further restrictions as may apply under foreign securities laws.

BCSC (British Columbia Securities Commission) continuous disclosure review (CDR)

Management is actively collaborating with the BCSC regarding the CDR. Both the BCSC and Canadian Securities Exchange have approved this interim private placement at the current stage. However, the restructuring transaction will remain pending until the company has fully met its disclosure obligations and the review is concluded.

About Nuran Wireless Inc.

Nuran Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G and 4G technologies, Nuran Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably.

We seek Safe Harbor.