Wavefront Energy & Environmental Services Inc. - warrant exercise notice (Triggering Event)



    TSX-V: WEE
    Pink Sheets:   WEESF

    EDMONTON, March 3 /CNW/ - Wavefront Energy and Environmental Services
Inc. ("Wavefront"), a leader in technology development and implementation for
improved oil recovery and optimized groundwater remediation wishes to announce
that a common share purchase warrant Triggering Event has occurred in relation
to the 2,492,838 common share purchase warrants issued by the Company on
December 24, 2007 and the 4,820,526 common share purchase warrants issued by
the Company on January 31, 2008 (collectively the "Warrants").
    The Triggering Event, resulting from 20 day volume weighted average
closing price of the common shares of the Company, as traded on the TSX
Venture Exchange exceeding $1.50 per common share has been amended to 30 days
from the date after such notice. The expiry date is no longer December 24,
2008 and January 2009, respectively. The expiry date of the Warrants is now
April 3, 2008. Warrants not exercised before April 3, 2008, will expire. The
Warrants affected by the Triggering Event relate to the Private Placements
which closed on December 24, 2007 and January 31, 2008 (see news release dated
December 24, 2007 and January 31, 2008).

    About Wavefront Energy and Environmental Services Inc.

    Wavefront is a technology-based company with a focused, strategic plan to
leverage the value of our intellectual property in order to maximize oil
production recovery operations, as well as provide additional solutions for
environmental applications.

    ON BEHALF OF THE BOARD OF DIRECTORS
    WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.

    "D. Brad Paterson" (signed)

    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.

    THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF
    THIS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT





For further information:

For further information: D. Brad Paterson, CFO, (780) 486-2222 x224 Tel,
investor.info@onthewavefront.com

Organization Profile

WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.

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