Chadmoore Makes Initial Liquidating Distribution of Cash to its Shareholders.

Business Editors

Chadmoore Wireless Group, Inc., a dissolved Colorado corporation-2002 ("Chadmoore"), announced that on Friday, July 12, 2002, it will be mailing its initial distribution of cash to its shareholders in the aggregate amount of $22,693,716, or approximately $0.33 per share.

The distribution will be made through Chadmoore's liquidating agent, Computershare Trust Company of Lakewood, Colorado. The initial cash distribution by Chadmoore is only the first in what is expected to be a series of distributions over the five-year liquidation period provided for under Colorado law. Future cash distributions will be made as litigation and tax matters are resolved. Chadmoore's current reserve for known, contingent, and unknown liabilities is approximately $29.7 million. Absent any substantial unforeseen additional liabilities, the total distribution per share over the liquidation period is expected to be approximately $0.57 per share as disclosed in the Company's proxy statement filed in connection with the sale of its assets to Nextel. "We are pleased to have completed the work necessary in order to make this initial distribution to Chadmoore's shareholders," said Robert Moore, Chadmoore's Chief Executive Officer. "We look forward to resolving the two pending litigation matters so that a large portion of those reserved amounts can also be distributed."

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are denoted by such words as "anticipates," "approximately," "hopes," "about," "expected," and similar words or phrases that refer to anticipated future events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements, including risks related to unexpected liabilities from pending or new litigation, taxes, liquidation costs, or other events. In addition, the Company's forward-looking statements should be considered in the context of other risks and uncertainties as discussed in the Company's periodic reports and in its proxy statement filings with the SEC available for viewing at www.sec.gov. All forward-looking statements are based on information available to Chadmoore on the date hereof. Chadmoore is under no obligation, and expressly disclaims any obligation, to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.