Replace missing font with font of my choice in Photoshop CS5
It's possible but not as a straight forward process
There's not particular command or menu option or anything directly related to this in Photoshop itself, but it's still possible to substitute missing fonts by doing the following:
Select all text layers with the same missing fonts (they display a yellow asterisk on them) by using Ctrl + click technique
Open Character toolbar - if not visible, you can make it so by going to menu Window -> Character
Select appropriate font but don't change any other setting so layers will preserve all other font properties (size, weight, leading etc.)
That's it. Happy substituting.
This is not possible. Font substitution has always been horrible in Photoshop. It's a common feature request among the community, especially when Illustrator has a very good font substitution tool.
In a perfect world, every designer should include fonts with their psd.
Considering you already know the name of the font it shouldn't be too hard to find the exact font for which you can then install on your machine. Here are two of my favourite font websites.
Dafont, Font Squirrel If you don't find the exact font, try finding something similar then manually replace each occurrence. Selecting each layer in your layers menu then changing the font will help you to replace the font in one go.