Wavefire.com Inc. Announces Change of Year-end

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

CALGARY, Dec. 14 /CNW/ - Wavefire.com Inc. (the "Corporation") (TSXV: "WAF") is pleased to announce that the Corporation has changed its year end from March 31 to December 31 in order to align its reporting period with the companies operating in the oil and gas industry. December 31, 2010 will be the Corporation's first adoption of this change which will result in a condensed fiscal period of nine months in 2010.

Information Regarding the Corporation

The Corporation is an emerging oil and gas company in Western Canada.  The Corporation currently has the right under a farm-in agreement to earn between an 85% to 100% interest in certain oil and gas properties in the Acadia Area, Alberta.  The Corporation's common shares trade on the Exchange under the symbol "WAF".

Cautionary statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws relating to the proposal to complete the Acquisition, including statements regarding the timing of the Acquisition and receipt of regulatory approvals.  Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that regulatory approval will not be obtained in a timely manner or at all. The statements in this news release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation, the Acquisition, the Assets or the Corporation or Sand Hills respective financial or operating results or (as applicable), their securities.

Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Proposed Acquisition and associated transactions and has neither approved nor disapproved of the contents of this press release.

For further information:

Wavefire.com Inc.
Victor Redekop, Chairman
[phone]