TerreStar Announces Participation in Upcoming Financial Growth Conference

RESTON, Virginia - August 5, 2009 - TerreStar Networks Inc., a majority-owned subsidiary of TerreStar Corporation (NASDAQ: TSTR), announced today that President Jeffrey Epstein and Chief Accounting Officer Vincent Loiacono will be speaking at an upcoming global financial industry event.

Canaccord Adams 29th Annual Global Growth Conference
Boston, MA, USA
Wednesday, August 12, 2009
Time: 5:00 p.m.
Webcast address: http://www.wsw.com/webcast/canaccord/terrestar/
Presentation titled: TerreStar Networks Presentation at the Canaccord Adams 29th Annual Global Growth Conference
Speakers: Jeffrey Epstein, President, and Vincent Loiacono, Chief Accounting Officer

To learn more about TerreStar Networks, please visit: www.terrestar.com.

About TerreStar Corporation

TerreStar Corporation is the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd. For additional information on TerreStar Corporation, please visit the company's website at www.terrestarcorp.com.

About TerreStar Networks Inc.

TerreStar Networks (www.terrestar.com), a majority owned subsidiary of TerreStar Corporation (NASDAQ: TSTR), plans to offer a reliable and secure satellite terrestrial mobile broadband network that will provide voice, data and video services dedicated to helping solve the critical communication and business continuity challenges faced by government, emergency responders, enterprise businesses and rural communities. TerreStar expects to offer next generation mobile communications through a network of partners and service providers to users who need "anywhere" coverage throughout the United States and Canada.

Statement under the Private Securities Litigation Reform Act:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the strategy of TerreStar Corporation, its plans, and the transactions described in this press release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words and terms in connection with future results. We assume no obligation to update or supplement such forward-looking statements.

Media & Investor Relations:

Kelly Adams, Director Marketing and Communications
TerreStar Networks
Phone: +1 703-483-7966
Email: Kelly.Adams@terrestar.com

Chris Fallon
Ruder Finn for TerreStar
Phone: +1 212-715-1691
Email: fallonc@ruderfinn.com