Update: Tundra Semiconductor to Announce Third Quarter Fiscal 2009 Financial Results on March 4, 2009

Note Change to Conference Call Start Time

OTTAWA, Feb. 23 /PRNewswire-FirstCall/ – Tundra Semiconductor Corporation (TSX:TUN), today announced an updated schedule for the Company’s complete third quarter fiscal 2009 financial results on March 4, 2009 after the close of the market. Management will discuss the results on a conference call that will now begin at 5:30 pm EST, Wednesday, March 4.

Access the conference call by telephone or on the web at:

Live Teleconference March 4, 5:30 pm EST: +1.416.644.3418

Web Cast:

http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2529780

Replay: +1.416.640.1917 Pass code: 21295889#

(available until March 11, 2009)

About Tundra

Tundra Semiconductor Corporation (TSX:TUN) supplies the world’s leading communications, computing and storage companies with System Interconnect products and design services backed by world-class customer service and technical support. Tundra’s track record of product leadership includes over a decade of bridges and switches enabling key industry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), Power Architecture(TM), VME, HyperTransport(TM), Interlaken, and SPI4.2. Tundra’s products deliver high functional quality and simplified board design and layout, with specific focus on system level signal integrity. Tundra’s design services division, Silicon Logic Engineering, Inc., offers industry-leading ASIC and FPGA design services, semiconductor intellectual property and product development consulting. Tundra’s technology connects critical components in high performance embedded systems around the world. For more information, please visit www.tundra.com.

TUNDRA is a registered trademark of Tundra Semiconductor Corporation (Canada, U.S. and U.K.). TUNDRA and the Tundra logo are registered marks of Tundra Semiconductor Corporation in Canada, the United States, the European Union and the People’s Republic of China. Design.Connect.Go. is a trademark of Tundra Semiconductor Corporation.

(C) Copyright 2009 Tundra Semiconductor Corporation. All rights reserved. Information subject to change without notice.

SOURCE TUNDRA SEMICONDUCTOR CORPORATION