Intermap Technologies Reports Revenue Growth of 55% in 2007


3D Visualization for the Web and Computer Games

Map and location-related searches on the Web are some of the most frequent searches requested today. In 2007, Microsoft launched an enhanced Virtual Earth(TM) 3D Web-based viewing platform based on Intermap Technologies' data for all of Great Britain. The resulting product delivers a more seamless and accurate 3D experience for all Internet users visiting Microsoft's Live Search Maps for England, Scotland, and Wales.

"The relationship with Microsoft paves the way for the delivery of additional value-added products for the business and consumer markets within Great Britain, Europe, and the U.S.," said Mr. Bullock. "Every feature of the landscape has a GPS location that is known to an accuracy of less than two meters. The number of potential applications is enormous."

Intermap's data recently entered the computer games industry when it signed an agreement with FS Dreamscapes for the creation of highly detailed 3D terrain of the United States and Europe called "NEXTMap(R) ProMesh(TM)" for Microsoft Flight Simulator X. With a vertical accuracy of better than one meter, the data will provide users with a uniquely realistic viewing experience. "The terrain detail we're able to achieve on such a large scale is unprecedented," said Dean Mountford, FS Dreamscape's president and CEO. "For the user, it will be like looking out the window of an actual aircraft in flight."

FS Dreamscapes will first bring to market the flight simulator product for Hawaii, quickly followed by California, Arizona, New Mexico, Texas, Louisiana, and Florida. Data for Germany, Italy and France is scheduled for delivery by the end of 2008. The remainder of the contiguous United States will be available in 2009.

Insurance Market

Intermap is developing a version of its successful flood modeling application pioneered in Great Britain for other European countries. During the third quarter, Intermap reached an agreement with SwissRe for use of their flood modeling algorithms within the application and for SwissRe quality assurance support for all of Europe.

Intermap is marketing its easy-to-use 3D visualization tool that's currently being used for flood risk applications in the Czech and Slovak Republics. The Company has recently completed a demonstration model of certain sections of Germany and Switzerland for the insurance market.

Insurance companies can use NEXTMap's superior flood risk information to better define possible risks, and thus can better manage portfolios and their own purchase of reinsurance coverage. The result can be a net reduction of annual costs and much better management of risk. Intermap is also in discussions with U.S. insurers for commercial insurance applications.

Advanced Driver Assistance Systems (ADAS)

To enable automotive safety applications, Intermap is creating road centerlines for all classes of roads in the U.S. and Europe. During 2007, Intermap announced demonstrator agreements with several industry partners in support of emerging Intelligent Transportation Systems (ITS) applications with Intermap's 3D road vector data. The NEXTMap database provides a reliable source of information that allows an automobile's electronic system to anticipate the road ahead. Awareness of pending road geometry provides a tremendous input to visualization, performance, and advanced driver assistance applications.

Intermap has provisioned a grant to Auburn University to investigate and evaluate ways to save fuel using the Company's GIS 3D road geometries. The project's initial focus was on achieving simulation results and designing a predictive cruise controller and automatic gear shifting algorithm to calculate optimal vehicle speed and gear selection that improves fuel economy and operating costs for large trucks. Initial simulation results have led to a continuation of this collaborative study with not only Auburn University, but also with commercial partners in the trucking industry. Intermap has also commissioned a project at Clemson University to conduct the same investigations for hybrid vehicles.

Detailed financial results for the quarter and management's discussion and analysis can be found on SEDAR at: www.sedar.com.

Conference Call February 22, 2008 at 10:00 a.m. EST (8:00 a.m. MST)

A slide presentation accompanies Intermap's conference call on February 22, 2008 at 10 a.m. EST (8 a.m. MST, 3 p.m. GMT). To link to the slide presentation, visit http://events.snwebcastcenter.com/intermap/20080222/

To participate in the call, please dial 416-850-9144 or 1-866-400-3310 approximately 10 minutes prior to the conference call. A recording of the conference call will be available through March 2, 2008. Please dial 416-915-1035 or 1-866-245-6755 and provide the password 439034 to listen to the rebroadcast. An audio Webcast of the teleconference will also be available on Intermap's Website.

About Intermap Technologies

Intermap (TSX: IMP.TO)(AIM: IMAP.L) is a preeminent digital mapping company creating uniform high-resolution 3D digital models of the earth's surface. The Company is proactively remapping entire countries and building uniform national databases, called NEXTMap(R), consisting of affordably priced elevation data and geometric images of unprecedented accuracy. Demand for NEXTMap data is growing as new commercial applications emerge within the GIS, engineering, automotive, personal navigation device, insurance risk assessment, oil and gas, hydrology, environmental planning, wireless communications, transportation, aviation and 3D visualization markets.

Headquartered in Denver, Colorado, Intermap employs more than 660 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, Prague, and Washington D.C. For more information, visit www.Intermap.com.

NEXTMap(R) is a registered trademark of Intermap Technologies Corporation

Intermap Reader Advisory

Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
INTERMAP TECHNOLOGIES CORPORATION
Consolidated Balance Sheet
(In thousands of United States dollars)

----------------------------------------------------------------------
                                             December 31, December 31,
                                                 2007         2006
----------------------------------------------------------------------

Assets

Current assets:
 Cash and cash equivalents                       $56,835      $48,170
 Amounts receivable                                4,957        8,177
 Unbilled revenue                                 11,741        2,477
 Prepaid expenses                                  1,429          850
----------------------------------------------------------------------
                                                  74,962       59,674

Property and equipment                            23,372            19,755
Multi-client  data  library                                                  55,113              32,402
Intangible  assets                                                                    1,753                        -
Future  income  taxes                                                                    329                      23
----------------------------------------------------------------------
                                                                                                $155,529          $111,854
----------------------------------------------------------------------

Liabilities  and  Shareholders'  Equity

Current  liabilities:
  Accounts  payable  and  accrued  liabilities                  $8,404              $6,003
  Current  portion  of  deferred  Lease
    inducements                                                                                219                    120
  Deferred  revenue                                                                        340                1,715
  Income  taxes  payable                                                                  19                      30
  Current  portion  of  obligations  under
    capital  lease                                                                            231                    231
  Current  portion  of  long-term  debt                                      748                    538
  Non-controlling  interest                                                            -                      14
----------------------------------------------------------------------
                                                                                                      9,961                8,651

Deferred  lease  inducements                                                      393                    468
Obligations  under  capital  lease                                            229                    165
Long-term  debt                                                                          3,016                1,242
Future  income  tax  liability                                                    421                        -
----------------------------------------------------------------------
                                                                                                    14,020              10,526
----------------------------------------------------------------------

Shareholders'  equity:
  Share  capital                                                                      171,621            122,458
  Contributed  surplus                                                              2,413                2,387
  Deficit                                                                                  (38,719)          (29,711)
  Accumulated  other  comprehensive  income                        6,194                6,194
----------------------------------------------------------------------
                                                                                                  141,509            101,328
----------------------------------------------------------------------

----------------------------------------------------------------------
                                                                                                $155,529          $111,854
----------------------------------------------------------------------
 


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