Wavefront Technology Solutions Inc. Closes $21.9 Million Private Placement

Monday, April 26, 2010

EDMONTON, ALBERTA--(Marketwire - April 26, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES

Wavefront Technologies Solutions Inc. (TSX VENTURE:WEE) ("Wavefront") is pleased to announce that it has closed a brokered private placement consisting of 10,438,170 units at a price of $2.10 per unit for gross proceeds of $21,920,157. The Offering was led by Casimir Capital LP, and included Haywood Securities Inc (the "Agents"). Each unit consists of one common share ("Share") and 1/2 of one non-transferable share purchase warrant. Each whole warrant (the "Warrant") entitles the holder to purchase an additional common share at a price of $2.75 per share for 12 months expiring on April 27, 2010, subject to an accelerated expiry date; commencing on August 27, 2010, if the volume weighted average trading price of a Share on the TSX Venture Exchange, or any other stock exchange on which the Shares are then listed, is at a price equal to or greater than CAN $3.15 for a period of more than 20 consecutive trading days, Wavefront will have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date notice is provided by Wavefront to the holder of the Warrant. In connection with the private placement, a cash agent's fee of 8%, totalling $1,474,766 was paid.

In accordance with securities legislation currently in effect, the securities issued will be subject to a "hold period" of four months plus one day from the date of closing, expiring August 27, 2010.

The proceeds of the private placement will be used to increase Powerwave and Primawave tool inventory, to finance an expansion plan, and for general working capital.

Wavefront President, Brett Davidson stated, "These are very exciting times at Wavefront as many significant opportunities lay ahead. The funds raised in the Private Placement ensure a healthy balance sheet as we move forward with a strategic plan to advance both North American and International expansion plans. We appreciate the confidence the investment community has placed in Management and the Board of Directors to bring these plans to fruition."

The offered securities will not be registered under the United States Security Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell of an offer to buy the offered securities in any jurisdiction.

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

D. Brad Paterson, CFO & Director

Cautionary Disclaimer - Forward Looking Statements