News Releases

Wavefire extends drilling option

TSX-V: WAF.H
Calgary, AB, Nov. 28, 2007/ - Wavefire.com Inc. (Wavefire) announced today that it has extended its drilling option to the first quarter 2008. The Company announced, October 16, 2007, it has entered into a farm-in agreement covering three sections of land in the Acadia Area of Alberta pursuant to which it will earn the farmors' 100% interest (subject to existing encumbrances) in the drill spacing unit and a 65% interest in the balance of the lands by drilling a test well on the lands on or before November 30, 2007.

Related party advances funds to Wavefire

TSX-NEX: WAF.A
Calgary, AB, Oct. 31, 2007/ - Wavefire.com Inc. (Wavefire) announced today that, further to its press release of October 16, 2007 the amount of approximately $172,000 has been advanced to WAF.A by one of its directors.

Wavefire shares to trade on the NEX

TSX-V: WAF.A
Calgary, AB, Oct. 25, 2007/ - Wavefire.com Inc. (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.

Wavefire settles related party debt and enters into Farm-in Agreement

TSX-V: WAF.A
Calgary, AB, Oct. 16, 2007/ - Wavefire.com Inc. (Wavefire) announced today that it has entered into a debt settlement agreement pursuant to which the principal amount of $1,726,096.00 owed to a related party has been settled by the issuance, as fully paid and non-assessable, of 9,798,010 common shares of Wavefire to the related party at a price of $0.1756.
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