TMN Prontoforms Corporation

TrueContext Mobile Solutions Corporation (TSX VENTURE:TMN) ("TrueContext" or the
"Company"), a mobile data solutions company, today announced that it has issued
an aggregate of 5,555,556 units at $0.18 per unit (each unit consisting of one
common share and one-half of one common share purchase warrant) for gross
proceeds of $1,000,000 as part of a non-brokered private placement. Each whole
common share purchase warrant will entitle the holder thereof to acquire one
common share at an additional purchase price of $0.30 per share at any time up
to June 30, 2014. Unless permitted under applicable securities legislation, the
common shares and common share purchase warrants comprising the units may not be
traded before September 25, 2012. This closing is in addition to the previous
closings for $1,500,000 on the same terms announced on December 21, 2011 and
February 22, 2012.


Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions ("MI 61-101"), the private placement constitutes
a "related party transaction" as an insider of the Company subscribed for an
aggregate of 2,777,778 units in the private placement, or 50% of the total
number of units issued pursuant to the private placement. The Company is relying
on exemptions from the formal valuation and minority approval requirements of MI
61-101, based on a determination that the securities of the Company are only
listed on the TSX Venture Exchange and that the fair market value of the private
placement, insofar as it involves interested parties, does not exceed $2,500,000
and/or 25% of the market capitalization of the Company at the time the private
placement was initially announced. The private placement was approved by the
board of directors of the Company at which all of the independent directors in
respect of the transaction who are not employees of the Company approved the
transaction.


The net proceeds from the private placement will be primarily used for sales
automation for operator channels and commencement of operator channels in new
geographies and for working capital purposes. The private placement is
non-brokered; however, the Company may pay finder's fees in accordance with the
rules and policies of the TSX Venture Exchange. 


ABOUT PRONTOFORMS(TM) AND TRUECONTEXT 

ProntoForms, by TrueContext, revolutionizes how mobile workers & managers
communicate and report, improving business productivity and efficiency. With the
recent widespread availability of smartphones and tablet devices, digital mobile
form submission is now a business reality - eliminating the costly, slow and
error prone paper form business process.


Why is ProntoForms unique as a mobile forms solution?



--  Your business forms gone mobile, no changes to your process  
    
--  Portal reports, real time business information from the field  
    
--  Works on your favorite mobile device - iPhone and iPad, BlackBerry,
    Android, Windows Mobile & HP webOS. 



TrueContext is traded on the TSXV under the symbol TMN. TrueContext has a
powerful and proprietary patent portfolio, from which ProntoForms mobile app and
Web reporting portal are developed. ProntoForms is the trademark of TrueContext
Corporation, a wholly-owned subsidiary of TrueContext.


Certain information in this press release may constitute forward-looking
information, including information regarding the private placement and future
tranches thereunder. This information is based on current expectations that are
subject to significant risks and uncertainties that are difficult to predict.
Actual results might differ materially from results suggested in any
forward-looking statements. The Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results could
differ from those reflected in the forward looking-statements unless and until
required by securities laws applicable to the Company. Additional information
identifying risks and uncertainties is contained in the Company's filings with
the Canadian securities regulators, which filings are available at
www.sedar.com. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any securities. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "US
Securities Act") or any state securities laws and may not be offered or sold
within the United States or to US persons unless registered under the US
Securities Act and applicable state securities laws or an exemption from such
registration is available.

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