WIRELESS AGE COMMUN INC
			Symbol			WLSA

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Wireless Age Receives Approval for Settlement

2009-10-29 14:15 ET - News Release

TORONTO, ONTARIO -- (MARKET WIRE) -- 10/29/09

Wireless Age Communications, Inc. ("Wireless Age" or the "Company") (PINK SHEETS: WLSA) today announced that it has received court approval to complete an agreement (the "Settlement Agreement") with its former subsidiaries, Wireless Age Communications Ltd. ("Wireless Communications") and Wireless Source Distribution Ltd. ("Wireless Source").

Pursuant to the Settlement Agreement, Wireless Age agreed to pay Wireless Communications and Wireless Source a total of CAD$750,000 to settle outstanding loans totaling approximately CAD$8.3 million provided by Wireless Communications and Wireless Source to the Company. Further details of the Settlement Agreement can be found in the Company's press release dated October 5, 2009.

Gary N. Hokkanen, the Company's CFO stated; "The completion of the Settlement Agreement prior to December 31, 2009, will substantially improve the Company's balance sheet by eliminating a special CAD$8.3 million loss provision liability the Company accrued during fiscal 2008."

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