TSXgroup

February 1, 2008

Phonetime Inc. (the "Company") - An application has been granted for the original listing in the Industrial category of 168,709,422 common shares of which 106,838,092 common shares are issued and outstanding and 61,871,330 common shares are reserved for issuance.

The common shares of the Company will be listed and posted for trading at the opening on Tuesday, February 5, 2008.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Stock Symbol: "PHD"
CUSIP: 71921K 10 2
Trading Currency: CDN$

Designated Market Maker: W.D. Latimer Co. Limited

Other Markets: The common shares of the Company have been listed for trading on TSX Venture Exchange ("TSXV") under the stock symbol: "PHD" since October 2, 2000. The common shares will be delisted from TSXV on February 5, 2008 upon commencement of trading on TSX.

Head Office Address: 3035 Wharton Way
Mississauga, Ontario
L4X 2B4

Email Address: rodney@phonetime.com

Website: www.phonetime.com

Telephone Number: (905) 629-2606

Fax Number: (905) 629-1982

Toll Free: 1-800-515-5512

Investor Relations: Wayne Silver
Phonetime Inc.
(905) 361-8304
wayne@phonetime.com

Rodney Franklin
Phonetime Inc.
(905) 361-8305
rodney@phonetime.com

Chief Financial Officer & Corporate Secretary: Rodney Franklin
Mississauga, Ontario

Incorporation: The Company was incorporated as Newbrun Resources Ltd. on April 5, 1984 under the Business Corporations Act (Ontario). The Company changed its name to the current form on October 23, 1999.

Fiscal Year End: December 31

Nature of Business: The Company operates a telecommunications business through several wholly-owned subsidiary companies. The services are comprised of: wholesale services to Canadian and international carriers for the origination and delivery of long distance calls, retail long distance services and long distance calling card services.

Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto.

Dividends: To date, the Company has not paid any dividends. At present, the Company's policy is to retain earnings, if any, to finance the development of its business.