Wave Uranium Board Cancels 15 Million Shares

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Wave Uranium (OTCBB: WAVU) today announced a decision by the management and Board by unanimous vote to cancel 15 million shares.

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    This cancellation of outstanding shares will bring total shares outstanding down to 55,120,005 from the current outstanding total of 70,120,005. Management has made this decision to help earnings per share and to increase shareholder value.

About Wave Uranium:

Wave Uranium is a Las Vegas, Nevada based exploration and development uranium company. The Company is actively acquiring world class uranium properties in prolific mining areas in North America.

Wave Uranium has assembled a team of geologists and directors with proven track records in areas of mineral exploration, mining programs and accessing global capital markets.

Safe Harbor: Except for the historical information contained herein, the matters set forth in this press release, including the description of the Company and its product offerings, are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the Company's need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the Company's most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.

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Veronica D. Dunford
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