T S Telecom Ltd. - Completion of Sales Transaction

    TSX Venture Exchange: TOM

    TORONTO, Aug. 27 /CNW/ - T S Telecom Ltd. (the "Company") is pleased to
announce that the sale of the Company's 168,960,000 common shares of T S
Telecom Technologies Limited to Gold City Assets Holdings Ltd ("Gold City"),
which was approved by its shareholders at Special Meeting of Shareholders held
on August 23, 2007, was completed in Hong Kong on August 27, 2007 in
accordance with the provisions of the Agreement.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00003917E

For further information:

For further information: on T S Telecom Technologies Limited, please go
to www.hkgem.com (Stock Code: 8003) or contact Cindy Lau, Director of T S
Telecom Ltd., at (905) 470-2282

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