TELUS renewing Shelf Prospectus



    VANCOUVER, Aug. 3 /CNW/ - TELUS Corporation intends to file today a
preliminary short form base shelf prospectus with securities regulators in
Canada and the United States. When final, this will enable TELUS to sell up to
Cdn$3 billion of debt, equity and/or warrants should the Company decide to
issue such securities at any time during the next two years. The shelf
prospectus to be filed today will replace an existing Cdn$3 billion shelf
prospectus that expires on September 24, 2007. TELUS has no immediate
intention to offer securities pursuant to the shelf prospectus.
    The preliminary shelf prospectus and shelf-registration statement to be
filed today have not yet become effective. No securities may be sold nor may
offers to buy be accepted prior to the time a receipt for the final prospectus
or other authorization is obtained from the securities regulatory authorities
in Canada and, for the filing with the United States Securities and Exchange
Commission, the registration statement becomes effective. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. This news
release is being issued in accordance with Rule 135 of the Securities Act of
1933.

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    This news release contains statements about expected future events of
    TELUS that are forward-looking. By their nature, forward-looking
    statements require the Company to make assumptions and are subject to
    inherent risks and uncertainties. There is significant risk that the
    forward-looking statements will not prove to be accurate. Readers are
    cautioned not to place undue reliance on forward-looking statements as a
    number of factors could cause actual events to differ materially from
    that expressed in the forward-looking statements. Accordingly this news
    release is subject to the disclaimer and qualified by the assumptions,
    qualifications and risk factors referred to in the Management's
    discussion and analysis - August 1, 2007.
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    About TELUS

    TELUS (TSX: T, T.A; NYSE:   TU) is a leading national telecommunications
company in Canada, with $8.9 billion of annual revenue and 10.9 million
customer connections including 5.3 million wireless subscribers, 4.5 million
wireline network access lines and 1.1 million Internet subscribers. TELUS
provides a wide range of communications products and services including data,
Internet protocol (IP), voice, entertainment and video. Committed to being
Canada's premier corporate citizen, we give where we live. Since 2000, TELUS
and our team members have contributed more than $91 million to charitable and
non-profit organizations and volunteered more than 1.7 million hours of
service to local communities. Eight TELUS Community Boards across Canada lead
our local philanthropic initiatives.




For further information:

For further information: Investor relations: Robert Mitchell, (416)
279-3219, ir@telus.com; Media relations: Allison Vale, (416) 629-6425,
allison.vale@telus.com

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TELUS Corporation

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