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Panel of Industry Experts Selects Telesat as Global Operator of the Year

Award Determined on Business Performance and Includes Both Fixed Satellite Services (FSS) and Mobile Satellite Services (MSS) Sectors

OTTAWA, CANADA, September 8, 2010 – Telesat, the world’s fourth largest FSS operator, has been recognized by Euroconsult, a leading analyst and research group in satellite communications, as Global Satellite Operator of the Year. The Award, which evaluates both mobile and fixed satellite service providers, was announced today at the World Satellite Business Week conference in Paris.

Industry experts from Euroconsult, Space News and Satellite Finance used a number of quantitative and qualitative standards to identify Telesat as the winning company. The Award recognizes the global operator that led the satellite services market in such metrics as 2009 revenue growth, revenue growth rate for 2006-2009, as well as growth in 2009 EBITDA and EBITDA margin.

Upon receiving the Award, Telesat’s President and CEO Dan Goldberg commented: “This Award is a fitting tribute to the collective expertise, dedication and hard work of the Telesat team as well as a reflection of the strength of the markets we serve and the confidence our customers have in Telesat. In light of the significant investments we are making in our state-of-the-art satellite fleet and the continued underlying growth drivers in our business, I’m confident we’ll continue to experience strong growth in the years to come.”

About Telesat (www.telesat.com)
Headquartered in Ottawa, Canada, with offices and facilities around the world, Telesat is the fourth largest fixed satellite services operator. The company provides reliable and secure satellite-delivered communications solutions to broadcast, telecom, corporate and government customers. Telesat has a global state-of-the-art fleet of 12 satellites, with three more under construction, and manages the operations of 13 additional satellites for third parties. Telesat is privately held. Its principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ:LORL).

Forward-Looking Statements Safe Harbour
This news release contains statements that are not based on historical fact and are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words “scheduled for”, “planned”, “will”, “believe”, or “expected” or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Detailed information about some of the known risks and uncertainties is included in the “Risk Factors” section of Telesat Canada’s Annual Report on Form 20-F for the fiscal year ended December 31, 2009 filed with the United States Securities and Exchange Commission (SEC), as well as Telesat Canada’s other filings with the SEC. These filings can be obtained on the SEC’s website at http://www.sec.gov. Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance, volatility in exchange rates and risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Telesat disclaims any obligation or undertaking to update or revise the information herein.

For further information:
Vanessa Brûlé, Telesat, +1 613 748-8700 ext. 2407 (vbrule@telesat.com)

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