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WLSA News Wireless Age Revises Earnings Per Share Outlook For Fiscal 2005

Still expects to achieve record earnings

Wireless Age Communications, Inc. (OTCBB:WLSA), a leading supplier of solutions to the Canadian wireless communications industry, today announced that it was revising downward its earnings per share (EPS) outlook for fiscal 2005 but still expects to achieve record earnings.

Management previously stated that it expected the Company to achieve $0.05 EPS. In the first three quarters ended September 30, the Company has achieved $0.026 EPS. However, operating results of the wholesale business segment thus far in the fourth quarter have been affected by several timing issues and market factors that include the following:

1) the lack of traditional fourth quarter spending by the major telephone companies in Canada

2) a major long term client that traditionally represents a significant portion of the company's business has experienced delays in obtaining financing for its next phase of build out

3) technological changes in the WiMax arena have delayed two significant contracts and pushed them into 2006.

In addition, operating results for the fourth quarter will be affected by the settlement with Simmonds Mercantile & Management Inc. with respect to early termination of the management services contract. Management believes that virtually all of the business anticipated in the fourth quarter will ultimately be realized, resulting in a deferral to future quarters due primarily to timing issues in the current quarter. At this time management is not able to provide specific guidance beyond its expectation that fourth quarter profits will be marginal.

"The good news is that we believe Wireless Age will still achieve record earnings in 2005, a great accomplishment for the Company and our shareholders." stated Mr. Gary Hokkanen, CFO. "Retail operations are slightly ahead of plan for the fourth quarter and Wireless Works is on track to profitability."

CONFERENCE CALL REMINDER

A previously scheduled investor conference call to discuss third quarter results will be held at 4:15 p.m. Eastern Standard Time on Tuesday, November 29, 2005. The conference call will be hosted by Mr. Brad Poulos and Company CFO, Gary Hokkanen.

Conference Call Instructions - Live

Call 1-877-407-9205 in the United States or Canada. If there are any problems please call the local number 201-689-8054.

Conference Call Instructions - Recording

Call 1-877-660-6853 in the United States or Canada. If there are any problems please call the local number 201-612-7415.

Playback Account # 286

Playback Conference ID # 178378

For all Wireless Age investor relations needs, investors are asked to visit the Wireless Age IR Hub at http://www.agoracom.com/IR/WirelessAge where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors may e-mail all questions and correspondence to WLSA@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

About Wireless Age Communications Inc.

Wireless Age Communications Inc. owns and operates four Strategic Business Units.

Wireless Age retail outlets sell next generation wireless products and services to business and individual end users in Saskatchewan and Manitoba. Wireless Source distributes prepaid phone cards, wireless accessories, land mobile radios, batteries and ancillary electronics products to dealers throughout North America. mmwave does specialty distribution and network engineering and integration, for carriers and manufacturers of communications equipment in Canada. Wireless Works operates broadband public access and private networks in Southern Ontario, and develops and deploys consumer and commercial products for those networks.

The company is a recognized leader in the wireless industry in Canada and is a member of the WiMax forum, as well as a very active member of the Canadian Wireless Telecommunications Association.

Wireless Age has an investment in Midland International Corporation, which plans to market low cost, wireless devices including cellular phones. One such phone is designed to be located in glove boxes, first aid kits, emergency supply packages and used for emergency purposes. Another is a prepaid wireless phone designed to be used in the low cost and short-term usage markets.

This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.

Wireless Age Communications, Inc. (OTC Bulletin Board:WLSA)