May 11, 2012

– $25.0 Ml. U.S. Revolving Senior Secured Line of Credit Facility with a four year term

– Interest rate of one month LIBOR plus 325 bps; no scheduled principal payments

– Approximately $13.2 Ml. U.S. is expected to be funded at closing leaving $11.8 Ml. undrawn and available, subject to applicable borrowing base. The anticipated closing date is May 31, 2012

GUELPH, ONTARIO—(Marketwire – May 11, 2012) – Texada Software Inc. (TSX VENTURE:TXS) (“Texada” or the “Company”) is pleased to announce that the Company’s wholly owned U.S. subsidiary Noble Rents, Inc. (“Noble Rents”), has had a term sheet approved by an established U.S. lender’s credit committee (the “Lender Financing”) to recapitalize its existing debt. The anticipated closing date to complete the financing is May 31, 2012. Noble Rents’ initial entry into the U.S. equipment rental business took place in August 2011 with the acquisition of Rolls High Reach. The business operates from four locations in Southern California with 50 employees and over 1,100 pieces of aerial, forklift and light compact equipment rental units.

The terms of the recapitalization move acquisition and growth related rental fleet financing from existing term loan arrangements with interest rates ranging from 5.8% to 7.0% to one, comprehensive four year revolving line of credit. Interest payments will be based on a variable interest rate calculated at the one month LIBOR rate plus 325 basis points, currently 3.50%. The new facility will operate with a daily cash sweep against outstanding debt with no scheduled principal payments during the term of the loan. Texada Software Inc. will provide a guarantee of all amounts owing by Noble Rents under the facility.

The amount of debt to be refinanced is estimated to be $13.2 Ml. U.S., comprised of $9.1 Ml. U.S. remaining on the original acquisition debt funded in August 2011 and $4.1 Ml. U.S. from additional fleet purchases financed since that date. Noble Rents has no other debt facilities presently outstanding.

“At a minimum, this new financing arrangement will net significant annual positive cash flow at current interest rates, based upon our existing debt outstanding,” said Willie Swisher, Texada’s CEO. He continued “having this flexible financing structure in place offers Noble Rents growth ability through its borrowing base, allowing us to strategically add fleet as needed, while knowing we have a strong U.S. based banking relationship in place that supports our vision, organization and team.”

Under the terms of the Lender Financing, Noble Rents can borrow up to $25.0 Ml. U.S. based upon its borrowing base, determined by the value of its rental fleet, accounts receivable and inventory.

More information may be found at www.sedar.com.

About Texada Software Inc. (TSX VENTURE:TXS)

Texada Software Inc. operates in two complementary businesses; construction/industrial equipment rental and enterprise asset management software.

The Company, through its wholly owned U.S. equipment rental subsidiary, Noble Rents, Inc. conducts business at four locations in Southern California with over 7,000 customers and a wide range of over 1,100 aerial, forklift and light compact equipment rental units.

Texada’s enterprise software business continues as the premier provider of software solutions for equipment rental and mobile equipment. Texada’s solutions are fully flexible and scalable to meet the unique needs of any sized operation and are backed by proven implementation, services and support. Texada’s market-driven software products combine knowledge and best practices from over 5,000 users worldwide, resulting in solutions that manage the complete asset life-cycle from acquisition through to disposal.

Texada can be reached at 1-800-361-1233 or 1-519-836-7073, or at www.texadasoftware.com.

This news release may contain forward-looking statements which reflect the Company’s current expectations regarding future events. The forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan, “estimate”, “expect”, “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These forward-looking statements involve risk and uncertainties, including the difficulty in predicting acceptance of and demands for new products, the impact of the products and pricing strategies of competitors, delays in developing and launching new products, fluctuations in operating results and other risks, any of which could cause results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent in the industry; others are more specific to the Company. Texada’s ongoing quarterly filings should be consulted for additional information on risks and uncertainties relating to these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. Management assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.

Neither 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.