Wavefire.com Inc.
TSX VENTURE : WAF.A

October 25, 2007 12:14 ET

Wavefire Shares to Trade on the NEX

CALGARY, ALBERTA--(Marketwire - Oct. 25, 2007) - Wavefire.com Inc. (TSX VENTURE:WAF.A) (Wavefire) announced today that, further to its press release of October 16, 2007 and subsequent discussions with the TSX-V, its shares will be transferred to the NEX effective immediately. WAF.A announced that it does not currently meet the Tier Maintenance Requirements of the TSX-V and, since there is no assurance that it will do so after the proposed transactions set out in its October 16, 2007 press release are implemented it agreed to the transfer of its shares to the NEX.

Implementation of the debt settlement agreement and farm-in agreement remain subject to receipt of all required approvals.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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