SOURCE: LiteWave Corp.

January 23, 2006 08:30 ET

LiteWave Completing Pipeline Construction Project to Produce Fifteen Shallow Natural Gas Wells in Bourbon County, Kansas

LOS ANGELES, CA -- (MARKET WIRE) -- January 23, 2006 -- LiteWave Corp. (OTC BB: LTWV) is pleased to announce that it is in the final stages of installing a gathering system from its leasehold properties in Bourbon County, Kansas, to connect gas production from fifteen drilled gas wells via Bourbon County Pipeline LLC. for delivery into the main natural gas transmission pipeline. Gas flow is expected this month.

This area in Kansas is presently undergoing rapid development of coalbed methane by companies such as Evergreen, Berry Petroleum, Suncor Energy, Meritage and Heartland. The area is located close to strong gas markets in Eastern Kansas and Western Missouri.

LiteWave is continuing its acquisition of leasehold acreage in the region, and expects to commit to additional wells over the next few months. The Company is also reviewing other oil and gas acquisition opportunities within the United States.

Ian Lambert, President of LiteWave, announces that Mr. Bob Cairns, P. Eng., has been appointed to the Board of Directors. Mr. Cairns brings extensive oil and gas infrastructure development and project management experience to the position of Chief Operating Officer. In addition, Mr. Jim Newton has moved from Project Manager to the position of Vice President of Corporate Development.

About LiteWave

LiteWave (OTC BB: LTWV) is an oil and gas company that is focusing its current efforts on the development of natural gas prospects located in the United States.

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by LiteWave Corp.) contains statements that are forward looking, such as statements related to the future anticipated direction of the oil and gas industry, plans for future expansion, various property development activities, planned capital expenditures, future funding resources, anticipated production and reserves growth. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.

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