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TerreStar to Present at Credit Suisse 2008 Global Leveraged Finance Conference

RESTON, VA, March 24, 2008 - TerreStar Corporation (TSTR), formerly Motient Corporation, and its majority owned subsidiary TerreStar Networks Inc. today announced that Robert H. Brumley, Chief Executive Officer and President, and Robert Siegel, Executive Vice-President, Finance & Corporate Development, will be presenting at the Credit Suisse 2008 Global Leveraged Finance Conference on Tuesday, March 25, 2008, at 11:20 A.M. Mountain Time, at the Arizona Biltmore Resort & Spa in Phoenix, Arizona.

The presentation will be available prior to the conference on the Investor Relations page of the TerreStar Corporation Web site -- http://www.terrestarcorp.com.

TerreStar Corporation is the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd., and a shareholder of SkyTerra Communications. For additional information on TerreStar Corporation, please visit the company's website at www.terrestarcorp.com.

Statement under the Private Securities Litigation Reform Act:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the strategy of TerreStar, its plans, and the transactions described in this press release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words and terms in connection with future results. We assume no obligation to update or supplement such forward-looking statements.

Investor Contact
Robert Siegel
TerreStar Corporation
703.483.7802
robert.siegel@terrestar.com

Media Relations
Andrew Krejci
TerreStar Networks
703.483.7856
andrew.krejci@terrestar.com