Ottawa, Ontario - October 30, 2006 - Tundra Semiconductor Corporation (TSX:TUN), the world leader in System Interconnect, today announced that Robert Fischer has been promoted to the position of Vice President of Sales, effective immediately.

In this new role, Mr. Fischer will lead Tundra's global sales effort across all markets and will report directly to Chief Executive Officer, Daniel Hoste. Mr. Fischer will be responsible for defining and implementing strategic and tactical sales plans to accelerate growth and increase Tundra's market share while exceeding customers' expectations.

Mr. Fischer previously held the position of North American Sales Director at Tundra, having joined the company in July 2006. Prior to joining Tundra Mr. Fischer held progressively senior Sales and Applications Engineering roles at Xilinx, Avnet Electronics, and Motorola Semiconductor. Mr. Fischer's proven track record in senior technology sales roles, positions him well to add significant value to Tundra.

"Robert's extensive experience in the semiconductor industry and his past success winning new customers make him the ideal candidate for the Vice President of Sales role at Tundra. The executive management team is pleased to welcome Robert on board and we look forward to the strategy, energy and focus that Robert will bring to our global sales team," said Daniel Hoste, President and Chief Executive Officer, Tundra.

About Tundra

Tundra Semiconductor Corporation (TSX:TUN) is the global leader in System Interconnect providing world-class support and leading edge semiconductor solutions to the world's foremost communications, networking, storage system, and information technology vendors. Consistently delivering on system level performance promises that reduce time to market, Tundra System Interconnect ensures market advantage in Wireless infrastructure, storage networking, network access, Military, industrial automation, and information technology applications. Silicon Logic Engineering, Inc. (SLE), Tundra's semiconductor design services division, offers industry-leading ASIC design services, semiconductor intellectual property and product development consulting. For more information, visit www.tundra.com.