Wavefront Technology Solutions Inc.
TSX VENTURE : WEE
PINK SHEETS : WFTSF

Wavefront Technology Solutions Inc.

July 14, 2010 10:49 ET

Leading Oil-Industry Executive Joins Wavefront Board of Directors

EDMONTON, ALBERTA--(Marketwire - July 14, 2010) - Wavefront Technology Solutions Inc. ("Wavefront" or the "Company") (TSX VENTURE:WEE) (PINK SHEETS:WFTSF), a leader in technology development and implementation for improved oil recovery and optimized groundwater remediation, is pleased to announce that Jeff Saponja, P.Eng. has joined Wavefront's board of directors.

Saponja brings more than 20 years experience in providing insightful corporate leadership, developing new technologies, and growing new companies.

Jeff currently serves as Director, President and CEO of TriAxon Oil Corp.; a privately held light oil focused junior oil and gas producer. TriAxon raised approximately $70 million in May of 2010, with aim to develop two Western Canada Basin light oil resource play prospects using the horizontal multi-stage fraccing method.

Saponja was a founder member, Director and the President/CEO of TriAxon Resources Ltd, which formed in May of 2006 with an initial private placement financing of $40 million. In December of 2009, Crescent Point Energy Corp. acquired TriAxon in all share deal for approximately $250 million. TriAxon was a unique light-oil resource play focused private junior oil and gas producer that successfully combined proficient well engineering with exceptional geo-science. TriAxon was an early adopter the horizontal multi-stage fraccing method and successfully deployed it in four areas within the Western Canada Basin.

Mr. Saponja has also served in a number of senior management positions including executive roles at Weatherford Canada Partnership, Shell UK and Husky Oil. He also co-chaired the IRP-22 committee, which was established to set Canadian industry standards for application of underbalanced and managed pressure drilling technologies.

Mr. Saponja commented, "Wavefront's advanced technologies and associated products possess considerable potential for cost effectively increasing recoveries from known reservoirs. I'm excited to be part of a forward-thinking and motivated team that I believe will have a positive and material impact on the oil and gas business globally."

"Wavefront's products are rapidly becoming in demand around the world, and Jeff's experience will help us enormously to maximize the potential of these opportunities," said Wavefront chairman Steve Percy. "He has a proven track record for growing companies successfully, and brings a highly valuable perspective on how we can take Wavefront to the next level. Wavefront is stronger today with the addition of Jeff Saponja to our board of directors and we all look forward to his keen insights and knowledge of the oil industry."

In addition, the Company also wishes to announce that it will file, in accordance with TSX Venture Exchange policy, a Summary Form disclosing the granting of an aggregate of 175,000 incentive stock options pursuant to the Wavefront's Stock Option Plan. The stock options are being issued to the employees and a director of the Company. The options will be exercisable at a price of $1.45 per share, or other such other price as allowed by the TSX Venture Exchange, for a period of five years. In accordance with Wavefront's Stock Option Plan and Exchange policy, the incentive stock options are subject to a hold period of 4 months and vesting period of 18 months.

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

D. Brad Paterson, CFO & Director

Cautionary Disclaimer – Forward Looking Statements

Certain statements contained herein regarding Wavefront and its operations constitute "forward-looking statements" within the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations or future performance, are "forward-looking statements". In some cases, forward-looking statements can be identified by terminology such as ''may'', ''will'', ''should'', ''expect'', ''plan'', ''anticipate'', ''believe'', ''estimate'', ''predict'', ''potential'', ''continue'' or the negative of these terms or other comparable terminology. We caution that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such factors include fluctuations in the acceptance rates of Wavefront's Powerwave and Primawave Processes, demand for products and services, fluctuations in the market for oil and gas related products and services, the ability of Wavefront to attract and maintain key personnel, technology changes, global political and economic conditions, and other factors that were described in further detail in Wavefront's continuous disclosure filings, available on SEDAR at www.sedar.com. Wavefront expressly disclaims any obligation to up-date any "forward-looking statements", other than as required by law.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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