RANCHO MIRAGE, CA, April 11, 2013 /CNW/ – Craig Wireless Systems Ltd. (“Craig Wireless” or the “Company“) (TSX: CWG) is pleased to announce today that its wholly owned
subsidiary, Craig Wireless New Zealand Spectrum Operations Ltd., has
acquired management rights for an additional 35 MHz in the 2.3 GHz
range in New Zealand from Kordia Limited, a New Zealand based
telecommunications corporation for aggregate consideration of
NZ$2,200,000.

“The acquisition of these 4G spectrum rights in addition those just
closed on through our subsidiary Woosh Wireless (NZ) Limited evidences
our enterprise’s continuing commitment to the New Zealand market. We
look forward to continuing to develop our business presence in New
Zealand utilizing these recently acquired assets,” said T. Boyd Craig,
the Chief Executive Officer of Craig Wireless.

About Craig Wireless Systems Ltd.
Craig Wireless and its affiliates (collectively, the “CWS Group“) offer a broad range of telecommunications services, including,
broadband internet access, business connectivity solutions, hosting,
security and telecommunications solutions. Through certain members of
the CWS Group, Craig Wireless holds or leases licenses for spectrum in
the 2.3 GHz, 2.5 GHz, 2.6 GHz or 3.5 GHz bands in New Zealand,
Riverside County in Southern California, United States and in Greece.
The CWS Group also has spectrum interests in Norway. Spectrum in these
ranges is effective for delivery of point-to-multipoint signals,
possesses robust bandwidth capability and supports emerging 4G-based
applications, including portable and mobile applications.

The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.

Notice on forward-looking statements
This release includes forward-looking statements regarding Craig
Wireless and its business. Such statements are based on management’s
current expectations. The forward looking events and circumstances
discussed in this release may not occur and actual results could differ
materially as a result of known and unknown risk factors and
uncertainties affecting Craig Wireless and its business. Not to limit
the generality of the foregoing, the forward-looking information set
forth in this news release is subject to various risks and other
factors including the following: availability of funding; the risks of
conducting business in a foreign country; currency fluctuations; in
addition to those risks enumerated under the heading “Risk Factors” in
the Company’s AIF, available on SEDAR at www.SEDAR.com. No forward-looking statement can be guaranteed. Forward-looking
statements speak only as of the date on which they are made and Craig
Wireless does not undertake any obligation to publicly update or revise
any forward-looking statement, whether as a result of new information,
future events, or otherwise.

SOURCE Craig Wireless Systems Ltd.