Talware Networx Inc.
TSX VENTURE : JOB

Talware Networx Inc.

September 16, 2005 16:31 ET

Talware Networx Inc. Proposes Share Consolidation On 10-For-1 Basis

TORONTO, ONTARIO--(CCNMatthews - Sept. 16, 2005) - Talware Networx Inc. (TSX VENTURE:JOB)(the "Company") announced today that it intends to consolidate its shares on a 10-for-1 basis. The share consolidation was authorized by shareholders of the Company at its annual and special meeting, which was held on August 22, 2005.

The Company currently has 51,333,048 common shares and no preference shares issued and outstanding. Upon completion of the proposed share consolidation, the Company's issued and outstanding common shares will be reduced to 5,133,304 common shares.

The proposed share consolidation is being sought by the Company to encourage a higher trading price in the Company's common shares which may ultimately improve trading liquidity and the Company's ability to raise future financing. The implementation of the proposed share consolidation is subject to regulatory approval and the approval of the TSX Venture Exchange.

In connection with the proposed share consolidation, the Company does not intend to change its name, but does intend to change its listing symbol, which will be effective in accordance with the approval by the TSX Venture Exchange of the proposed share consolidation.

Statements in this news release that are not historical facts, including statements about plans and expectations regarding properties, reserves, transactions and opportunities, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing gas and commodity prices and currency exchange rates, demand for gas, lack of success of future exploration and development, competition and other factors discussed from time to time in the company's filings with the Ontario Securities Commission.

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

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