SR Telecom Receives Court Approval for Sale of Assets to Groupe Lagasse

SR Telecom (TSX: SRX) today announced that the Quebec Superior Court authorized the sale of the majority of the Company's assets to Groupe Lagasse. As announced on March 24, 2008, Groupe Lagasse will purchase SR Telecom's brand, trademarks, intellectual property, patents, inventories and equipment relating to its symmetryMX product line. The transaction is expected to close on or before April 4, 2008.

In addition, SR Telecom announced that it will delay the release of its fourth quarter and year-end results for the period ended December 31, 2007 until the transaction with Groupe Lagasse is closed. The Company expects to be in a position to release its audited consolidated financial statements for the year ended December 31, 2007 in the days following the close of this transaction.

SR Telecom is currently operating under the protection of the Companies' Creditors Arrangement Act (CCAA). On February 29, 2008, it obtained a court order to extend the period of the Court-ordered stay of proceedings under the CCAA to May 2, 2008. The Company filed for creditor protection under the CCAA on November 19, 2007.

About SR Telecom

SR Telecom (TSX: SRX) is a recognized global leader in delivering innovative broadband wireless access (BWA) solutions that enable service providers to efficiently deploy quality voice, Internet and next-generation services in urban, suburban and remote areas. A technological pioneer with more than 25 years of experience in wireless networking, SR Telecom is the only BWA vendor with extensive real-world expertise in deploying the advanced features of the WiMAX standard. It actively promotes standards-based BWA networking through its role as a principal member of the WiMAX Forum. With its primary offices in Montreal and Mexico City, SR Telecom is an agile, customer-focused organization with a proven track record. SR Telecom's products are currently deployed in more than 110 countries worldwide. For more information, visit www.srtelecom.com .

FORWARD-LOOKING STATEMENTS

Certain information in this news release, in various filings with Canadian and US regulators, in reports to shareholders and in other communications, is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among others, information with respect to the Company's objectives and the strategies to achieve those objectives, as well as information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of March 31, 2008.

The results or events predicted in such forward-looking information may differ materially from actual results or events. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The forward-looking information contained in this news release represents expectations of SR Telecom as of March 31, 2008 and, accordingly, is subject to change. However, SR Telecom expressly disclaims any intention or obligation to revise any forward-looking information, whether as a result of new information, events or otherwise, except as required by applicable law.

Contacts: SR Telecom Marc Girard Senior vice-president and CFO 514-335-2429, Ext. 4690 www.srtelecom.com