TerreStar to Present at 2008 Lehman Brothers High Yield Bond and Syndicated Loan Conference

RESTON, Va. - March 11, 2008 - TerreStar Corporation (TSTR), formerly Motient Corporation, and its majority owned subsidiary TerreStar Networks Inc. today announced that Neil Hazard, CFO, and Robert Siegel, EVP, Finance & Corporate Development, will be presenting at the 2008 Lehman Brothers High Yield Bond and Syndicated Loan Conference on Thursday, March 13, 2008, at 8:10 A.M. Eastern Time, at the Disney Yacht and Beach Club, Lake Buena Vista, FL.

The presentation will be available prior to the conference on the Investor Relations page of the TerreStar Corporation Web site -- http://www.terrestarcorp.com. Additionally, Lehman Brothers will provide a live audio webcast of the presentation at http://cc.talkpoint.com/LEHM002/031208a_jw/default.asp?entity=TerreStar.

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