Copernic Inc. Announces a Private Placement of 500,000 Common Shares

QUEBEC, CANADA, Nov 12 (MARKET WIRE) --
Copernic Inc., ("Copernic" or the "Company") (NASDAQ: CNIC) a leading
software development company specializing in internet, desktop and mobile
search products is pleased to announce that it has entered into an equity
private placement agreement pursuant to which Mr. John G. Simmonds, and a
group of accredited private investors led by Mr. Simmonds, have agreed to
acquire five hundred thousand (500,000) Copernic restricted common shares
from treasury. The Company has agreed to issue the new securities at
US$4.00 per share for a total purchase price of US$2,000,000.00. The
purchase price will be paid in cash at closing and the parties have
agreed that closing will occur on or before December 14, 2009. Cash
proceeds of the private placement will be utilized to finance a growth
strategy comprised of acquisitions and organic growth.

The agreement also provides that the Board be reduced to five Directors
and that John Simmonds be appointed a Director and Chairman of the Board
with the right to name another Director. In order to fulfill this
condition, Messrs Goldman, Kramer and Schwartz have agreed to resign as
Directors and their agreements to resign are not the result of a
disagreement with the Company on any matter relating to the Company's
operations, policies or practices.

Mr. Simmonds, 59 is a well-known entrepreneur and investor residing in
Toronto, Canada. Mr. Simmonds began his career with A.C. Simmonds & Sons
Limited, a company founded by his grandfather in 1918. In 1979 Mr.
Simmonds developed the Midland brand and then sold it to Glenayre
Electronics in 1987. During 1988, Mr. Simmonds operated Glenayre
Electronics and a year later sold two thirds of the company in 1989 at a
value of over $100M. In December 1989, Mr. Simmonds acquired Cherry Downs
Golf Course which was later sold into a Public Shell and became Clublink
Corporation which today is the largest golf course operation in Canada.
In 1993, Mr. Simmonds acquired Midland USA for $8.3M in cash which was
sold to Intek and then to Securicor Communications in 1996 at a value of
over $250M. In 2003, Mr. Simmonds acquired Wireless Age Communications, a
Company with retail outlets in Western Canada. Concurrent with the
acquisition, Mr. Simmonds was appointed Chairman and CEO. During his
career, Mr. Simmonds has served as Chairman and Director of numerous
public companies and has had extensive experience in building teams and
operating companies.

Furthermore, Jean-Rock Fournier, Chief Financial Officer assumes the
responsibility for the operations of the Company as Executive Vice
President and CFO.

Mr. Ferland, President and CEO of Copernic stated:"I have known John
Simmonds and the Simmonds family for a number of years and look forward
to working with John to create long term shareholder value. These changes
both at the board level and in operations will allow us to focus on new
strategic directions for the Company. Our departing board members have
served the Company and its shareholders meritoriously through many
difficult situations. I personally wish to express my thanks and that of
the Company for their valued service".

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.mycopernic.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.

More information can be found at www.copernic.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
Toll Free: 877-289-4682 #1013 / Local: 418-527-0528 #1013
mferland@copernic.com
www.copernic.com

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