Call Genie Inc. Closes $2,500,000 Convertible Debenture Financing With a $0.50 Conversion Privilege

TORONTO, ONTARIO, Jul 06 (MARKET WIRE) --
Call Genie Inc. (TSX: GNE) announced today that it has closed its
previously announced convertible debenture.

The Company had announced on May 11, 2009 the purchase by a single third
party investor of 1,500 Convertible Debentures at a price of $1,000 per
debenture. The Company reserved the right at that point to place
additional debentures with other accredited investors.

The Company closed on its offering of Convertible Debentures for
aggregate principal of approximately $2,500,000. Management purchased
approximately 13% of the debentures. The principal amount of the
debentures will bear interest at a rate of 10% per annum, payable
semi-annually, and mature on May 30, 2012. Principal and accrued interest
under the debentures will be convertible into common shares of the
Company based on a conversion price of $0.50 per share.

Further, the debenture holders will receive 240 common share purchase
warrants per debenture. Each warrant will entitle the holder to purchase
one common share of the Company, at an exercise price of $0.225 (subject
to anti-dilution protection), at any time and from time to time until the
date that is two years following the date of issue of the warrants.

The proceeds of the private placement will be used for working capital
and general corporate purposes and to establish a 10% reserve for future
interest obligations under the debentures.

About Call Genie Inc.

Call Genie is a leading international provider of local mobile search and
advertising solutions that connect ready to transact consumers directly
with local merchants for local directory businesses, directory assistance
services and local media publishers. Call Genie solutions offer an
exceptional experience for both advertisers and consumers and are
deployed in 11 countries around the world. Call Genie has been awarded
the Excellence in Integrated Ad Management award by the Pelorus Group,
has won the Yellow Page Association Industry Excellence Award for
Marketing Innovation, the Whitaker Innovation Award, and the 118 Tracker
Award for both Technology Innovation in the UK and most recently,
Outstanding Contribution to the Industry. www.callgenie.com.

The TSX
Exchange has neither approved nor disapproved the contents of this news
release.

Contacts:
Call Genie Inc.
Alex Blodgett
Investor Relations
403 410 6875
alex.blodgett@callgenie.com
www.callgenie.com

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