SR Telecom Appoints CEO

MONTREAL -- SR Telecom Inc. (TSX: SRX) today announced the appointment of Serge Fortin, a telecom industry veteran with more than 30 years of executive management experience, as its new President and Chief Executive Officer, effective July 10, 2006. Mr. Fortin most recently served in an executive capacity at London, England-based FLAG Telecom, a part of the Reliance Group of Companies, a major corporation in India.

Previously, Mr. Fortin held various senior management positions in engineering, operations, sales and marketing at Teleglobe, including that of Chief Operations Officer. He was also President and CEO of Bell Actimedia, whose operations included Yellow Pages and Sympatico, as well as President and CEO of TATA Teleservices, an Indian telco provider and one of the world's first major fixed wireless operators. Mr. Fortin also held several executive positions with Bell Canada and has a Bachelor's degree in Pure and Applied Sciences from the Universite de Sherbrooke. Mr. Fortin succeeds William Aziz, a specialist in restructuring organizations, who has served as the Company's Interim President and CEO since July 2005."Serge will build on the new foundation that has successfully been established during the past year. These efforts have resulted in a strengthened SR Telecom, now well-positioned as a technology leader in the growing broadband wireless market. We thank Bill for the role he has played in restructuring the Company and welcome Serge whose wealth of telecommunications experience and track record for success, particularly in international sales and marketing, will greatly benefit the Company and our customers worldwide," commented Lionel Hurtubise, Chairman of SR Telecom's Board of Directors.

"I am privileged to be joining a group of professionals which has the multiple disciplines to drive SR Telecom forward. The recent global certification of the Company's symmetry MX(TM) fixed broadband core technology underscores the leadership position we hold in the area of WiMAX certified products. I expect that this technology, combined with our strong team, will allow the Company to efficiently serve both existing and new customers to meet our business plan," said Mr. Fortin.

SR Telecom Inc. (Toronto: SRX)