Digifonica Announces Completion of Non-Brokered Private Placement
Burnaby, B.C., February 07, 2008 — Digifonica International Inc. (TSX-V: DIL) ("Digifonica" or the "Company") is pleased to announce that it has completed the closing of its previously announced non-brokered private placement of units ("Units").  Based on subscriptions received, the Company increased the number of Units offered under the private placement resulting in the issuance of an aggregate of 1,407,000 Units at a price of CDN$1.30 per Unit for gross proceeds of CDN$1,829,100. Each Unit consists of one common share (a "Common Share") of the Company and one-half of one non-transferable common share purchase warrant (a "Warrant"), with each whole Warrant entitling the holder thereof to acquire one Common Share at a price of CDN$2.00 per Common Share for a period of 12 months from the date of issuance and thereafter at a price of CDN$2.80 per Common Share until the date that is 24 months from the date of issuance.  The Common Shares, Warrants and Common Shares issuable upon exercise of the Warrants are all subject to a four month hold period expiring on June 8, 2008. 

A finder’s fee of 7% of the gross proceeds raised was paid in cash.  Digifonica intends to utilize the net proceeds of the private placement to extend the Company's current network infrastructure to meet increasing subscribers growth and for general working capital purposes.

ABOUT DIGIFONICA

Digifonica is a global technology solutions provider of advanced next generation Internet telephony, IMS, SMS, Managed Content Delivery and Multimedia services and solutions that enable partners to connect consumers with every major fixed, VoIP, Mobile and Wireless carrier in the world. Digifonica’s patent-pending VoIP framework and technologies ensure the highest possible quality
of service (QoS) low cost international calling rates and ability to support short code dialling such as 911, E911, 999 and 112 emergency services. 

For further information, please contact:
Gavin McMillan
Digifonica International Inc.
Telephone: +1 (604) 628-8929
Fax: +1 (604) 430-3591
Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Web:http://www.digifonica.com

This news release contains forward-looking statements that involve risks and uncertainties. Such forwardlooking statements or information are based on a number of assumptions which may prove to be incorrect. Although Digifonica believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on such forward-looking statements because Digifonica cannot give assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Digifonica and described in the forward-looking statements or information. The forward-looking statements or information contained in this news release are made as of the date hereof and Digifonica does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirement.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED, AND DOES NOT ACCEPT RESPONSIBILITY FOR, THE ADEQUACY OR ACCURACY OF THIS RELEASE.