WaveForm Energy Ltd.
TSX VENTURE : WE.A
TSX VENTURE : WE.B

WaveForm Energy Ltd.

November 30, 2006 19:11 ET

WaveForm Energy Announces Quarterly Results

CALGARY, ALBERTA--(CCNMatthews - Nov. 30, 2006) - WaveForm Energy Ltd. (TSX VENTURE:WE.A) (TSX VENTURE:WE.B) ("WaveForm" or the "Company") announces its financial and operating results for the third quarter of 2006. The Company's financial statements and MD&A can be viewed in their entirety at www.sedar.com.

The Company also announces the resignation of Danny R. Hay as Chief Financial Officer effective today.

About WaveForm Energy

WaveForm is a junior oil and gas company focused on the acquisition, exploration and development of oil and natural gas in western Canada.

ADVISORY

Statements in this press release may contain forward-looking statements including expectations with respect to future events and the actions of third parties. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: the underlying risks of the oil and gas industry (i.e. operational risks in development, exploration and production; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserves estimates; the uncertainty of estimates and projections relating to production, costs and expenses, adequate available financing and health, safety and environmental factors), commodity price and exchange rate fluctuation and uncertainties.

32,118,631 Class A Shares

935,616 Class B Shares

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

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