Feb. 4, 2015

Norsat International Inc.  announced that its shares of common stock have been approved for listing on the NYSE MKT, subject to continued satisfaction of listing requirements. Norsat anticipates that its common stock will begin trading on the NYSE MKT on February 10, 2015.  Norsat's ticker symbol will be "NSAT" and its shares will cease trading on the OTCBB concurrent with the listing of its shares on the NYSE MKT. The Company's Common Shares will also continue to trade on the Toronto Stock Exchange (the "TSX") under the symbol "NII."

Dr. Amiee Chan, chief executive officer of Norsat, commented, "Listing on the NYSE MKT represents a key milestone for Norsat as we continue to expand our leadership position within the highly specialized communications marketplace in which we operate. This was an important objective to accomplish as it offers our shareholders expanded visibility and liquidity by providing access to a much broader segment of the investment community that is able to acquire and trade the company's shares. We look forward to the further implementation of our strategic business plan to grow Norsat's business, which when coupled with a listing on a national exchange like the NYSE MKT, should translate into enhanced shareholder value going forward."

NYSE MKT is a fully integrated trading venue within the NYSE community and leverages the NYSE's advanced and innovative market model to offer a premier value for listing and trading the stocks of small companies. The venue utilizes the trading, connectivity and routing technologies of the NYSE platform and offers superior price discovery, superior liquidity and reduced trading volatility. Listed companies benefit from issuer-selected Designated Market Makers (DMM) that utilize world-class NYSE trading systems to discover and improve prices, dampen volatility, add liquidity and enhance value. In addition, NYSE MKT-listed companies gain access to the brand visibility and are eligible for the issuer services enjoyed by the NYSE community.