Press Release: WesleyClover : CounterPath Enters into Loan Agreement

CounterPath Corporation (NASDAQ: CPAH) (TSX: PATH) (the ''Company''), a global provider of award-winning Unified Communications solutions for enterprises and service providers, today announced that it has entered into a loan agreement (the ''Loan Agreement'') with Wesley Clover International Corporation and KMB Trac Two Holdings Ltd. (collectively, the ''Lenders''), pursuant to which the Lenders will loan to the Company an aggregate principal amount of up to US$3,000,000. Wesley Clover International Corporation owns approximately 25.4% of the Company's common shares and is controlled by the Chairman of the Company, Terence Matthews and KMB Trac Two Holdings Ltd. owns approximately 17.6% of the Company's common shares and is represented by Steven Bruk, a director of our Company.