Copernic Inc. Receives NASDAQ Extension of its Compliance Period

MONTREAL, QUEBEC, Oct 23 (MARKET WIRE) --
Copernic Inc., (the "Company"), (NASDAQ: CNIC), a leading software
development company specializing in internet, desktop and mobile search
products, announced that it received a NASDAQ Notice on October 22, 2008,
indicating that the Company has received an extension to comply with the
minimum bid price requirement for continued listing.

The notice stated: "Given these extraordinary market conditions, NASDAQ
has determined to suspend enforcement of the bid price and market value
of publicly held shares requirements through Friday, January 16, 2009. In
that regard, on October 16, 2008, NASDAQ filed an immediately effective
rule change with the Securities and Exchange Commission to implement the
suspension. As a result, all companies presently in a bid price or market
value of publicly held shares compliance period will remain at that same
stage of the process and will not be subject to being delisted for these
concerns. These rules will be reinstated on Monday, January 19, 2009 and
the first relevant trade date will be Tuesday, January 20, 2009.

Since your company had 59 calendar days remaining in its compliance
period as of October 16th, it will, upon reinstatement of the rules,
still have this number of days, or until March 19, 2009, to regain
compliance. The company can regain compliance, either during the
suspension or during the compliance period resuming after the suspension,
by achieving a $1 closing bid price for a minimum of 10 consecutive
trading days".

Marc Ferland, President and CEO of Copernic Inc. stated that he welcomed
this moratorium which allows management to continue focussing on value
creation activities for the benefit of its shareholders.

About Copernic Inc.

Copernic Inc. specializes in developing, marketing and selling
cutting-edge search technology, providing innovative home and business
software products and solutions for desktop, web and mobile users,
through its online properties, including www.mamma.com and
www.copernic.com.

With its award winning Copernic Desktop Search(R) software search engine
product, the Company brings the power of a sophisticated, yet easy-to-use
search engine to the user's PC. Additionally, Copernic Inc. provides both
online advertising as well as pure content to its vast array of
partnerships worldwide through its well established media placement
channels. Copernic handles over one billion search requests per month and
has media placement partnerships established not only in North America,
but also in Europe and Australia.

More information can be found at www.copernic-inc.com.

Statements contained in this press release, which are not historical
facts, are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties that can cause actual
results to differ materially from estimated results. Such risks and
uncertainties are detailed in the Company's filings with the Securities
and Exchange Commission and the Ontario Securities Commission. The
Company expressly disclaims and intent or obligation to update any
description of the scope, focus or subject matter of the statements in
this press release.

Contacts:
Copernic Inc.
Marc Ferland
President and Chief Executive Officer
514-908-4339 / Toll Free: 877-289-4682 #139
mferland@copernic.com
www.copernic-inc.com

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