TTL Tigertel Communications (Tier2)

TigerTel Communications Inc. ("TigerTel") (TSX VENTURE:TTL) is pleased to
announce the signing of the formal business combination agreement (the "Business
Combination Agreement") dated September 8, 2009 with 7212747 Canada Inc.
("Swiftco"). The Business Combination Agreement was approved by the TigerTel
Board of Directors on September 8, 2009, following the recommendation of the
Special Committee of independent directors that was struck to, among other
things, consider the transactions contemplated by the agreement. A complete copy
of the Business Combination Agreement can be found on SEDAR at www.sedar.com.
The Business Combination Agreement replaces a letter of intent that was
previously announced by the Company on July 27, 2009. 


Pursuant to the Business Combination Agreement, TigerTel and Swiftco will
amalgamate to form a new corporation ("Amalco"). Upon the amalgamation, the
Shareholders of TigerTel, other than Swiftco (the "Minority Shareholders"), will
receive one redeemable preferred share in the capital of Amalco, which
redeemable preferred share will immediately be redeemed for $0.25 in cash. The
shareholders of Swiftco will receive, in exchange for their shares in Swiftco,
an equal number of shares of Amalco having similar rights, privileges and
restrictions as the shares of Swiftco. Following the completion of the
amalgamation, TigerTel intends to delist from the TSXV and become a privately
held company. 


As at the date hereof, the shareholders of Swiftco include Douglas D. Swift, the
President and CEO of TigerTel; Donald H. Swift, the former Chairman of the
TigerTel Board and Mr. D. Swift's father, as well as several members of
TigerTel's senior management team who beneficially own or control common shares
of TigerTel (collectively, the "Swiftco Shareholders"). Collectively, the
Swiftco Shareholders currently beneficially own or control approximately
19,209,339 TigerTel common shares. 


The closing of the amalgamation is conditional upon, among other things, the
approval of the amalgamation by the shareholders of TigerTel at a special
meeting of shareholders called for such purpose. Full details of the transaction
will be included in TigerTel's management information circular which is expected
to be mailed to shareholders on or about September 17, 2009 for a meeting to be
held on October 20, 2009. This meeting will also constitute TigerTel's annual
meeting of shareholders for the fiscal year ended April 30, 2009. 


In connection with the proposed business combination, Meyers Norris Penny LLP,
which was engaged by the Special Committee as an independent valuator, has
provided a valuation of TigerTel, in accordance with Multilateral Instrument
61-101, as well as a fairness opinion regarding the proposed transaction.
Specifically, Meyers Norris Penny LLP has opined that the cash consideration
offered is fair, from a financial point of view, to the Minority Shareholders of
TigerTel. Particulars of the valuation and the fairness opinion will be provided
to shareholders with the meeting materials. 


Based on the conclusions of Meyers Norris Penny LLP, among other matters
considered, the Special Committee unanimously determined that the proposed
transaction is in the best interests of TigerTel and is fair, from a financial
point of view, to the minority shareholders of TigerTel. In light of the Special
Committee's conclusions, the TigerTel board of directors unanimously (with
Douglas D. Swift declaring his interest and abstaining from the vote) determined
to recommend that TigerTel shareholders vote all of their TigerTel Common Shares
in favour of the TigerTel Special Resolution. 


This news release is for information purposes only and is not a substitute for
the definitive agreement which will effect the proposed transaction. There can
be no assurance that the conditions of closing will be satisfied, or that the
transaction will be completed as proposed or at all. 


This news release may contain forward-looking statements that involve risks and
uncertainties and are based on current expectations. Consequently, actual
results could differ materially from the expectations expressed in
forward-looking statements. 


About TigerTel 

TigerTel, a Canadian call center organization, specializes in inbound and
outbound call center solutions and services for clients throughout North
America. With multiple call centers across Canada, TigerTel has built an
infrastructure that provides personalized services to our clients while at the
same time delivering world-class results at every level. TigerTel's vision is to
provide interactive communication solutions for our clients and their customers
by a team focused on service excellence, personal integrity and technical
innovation.

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