Look Communications Announces Appointment of Chief Financial Officer

TORONTO, Jan. 17 /CNW/ - Look Communications Inc. ("Look" or the "Company") (TSX Venture: LOK and LOK.A) today announced that C. Fraser Elliott has been appointed as the Chief Financial Officer of the Company to replace interim Chief Financial Officer, Mr. McCutcheon with effect from Jan. 11, 2011.

C. Fraser Elliott has been appointed chief financial officer. Since 1987, Mr. Elliott has been the president of CFE Financial Inc., a private investment banking company. In addition, from Jan. 1, 2005, Mr. Elliott was chief financial officer of Tangarine Payment Solutions Corp. Mr. Elliott was involved in both the listing on the TSX Venture Exchange in 2005, and the subsequent successful sale of the business in 2009. Mr. Elliott is also the executive chairman of the board of directors of Gowest Amalgamated Resources Ltd. and a director of Sylogist Inc., which companies are both listed on the TSX Venture Exchange.

"We are pleased to have Mr. Elliott join the Look team" said Grant McCutcheon, Chief Executive Officer and a director of Look. "We believe that his background and experience will greatly assist the Company in executing its business strategy of seeking to preserve its capital, maximize value on its remaining assets and assess available options for maximizing returns to shareholders".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Look Communications Inc.

For further information:

Grant McCutcheon, Director, Look at (905) 660-8100/ (LOK. LOK.A.)

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