www.onthewavefront.com
For Immediate Release	TSX-V: WEE Pink Sheets: WEESF

Announces First Quarter Results

EDMONTON, Alta., January 30, 2006/ Wavefront Energy and Environmental Services Inc., a provider and licensor of its proprietary DeepWave^SM (http://onthewavefront.com/dw_what-is-deep-wave.htm) Technology for improved oil recovery and groundwater remediation announces its financial and operating results for the first quarter ended November 30, 2005.

Revenue for the three months ended November 30, 2005 was $95,357 contrasted to revenue of $322,111 for the comparative period ended November 30, 2004. The decrease is a result of fewer resources being allocated to integrated monitoring projects. Of the revenue, approximately 48.5% was derived from DeepWave^SM. Total operating expenses for the period ended November 30, 2005 were $389,186 versus $477,909 for the comparative period in 2004. The change is primarily due to decreases in wages expense of $32,166, research and development expenses of $36,660, interest expense of $15,785 and consultant expense of $15,170.

The Company’s consolidated net loss for the three months ended November 30, 2005 was $351,948 or $0.01 per share compared to a consolidated net loss for November 30, 2004 of $384,214, or $0.02 per share. Operating efficiencies allowed the net loss to remain relatively stable despite the decrease in revenue.

As at November 30, 2005, current assets totaled $469,209 as compared to $278,093 at August 31, 2004. The Company had a working capital deficit of $419,910 for the reporting period as compared to negative $1,237,260 at August 31, 2005. The increase in working capital is a result of closing a non-brokered private placement and the exercise of convertible securities. Total assets have increased to $1,288,578 from $932,567, principally due to increases in cash, accounts receivable and mineral property interests.

The development of mineral property interests will continue to be a cornerstone of the Company’s strategy in showcasing DeepWave^SM. Management expects the financial results to move towards profitability as oil production revenues from mineral rights are expected to increase while operating expenses are expected to remain relatively stable. In addition, as results from DeepWave^SM projects are received, it is anticipated that DeepWave^SM licensing royalties will continue to grow.

The above financial highlights should be read in conjunction with the unaudited consolidated financial statements and management discussion and analysis of results for the Company’s most recently completed quarter, ended November 30, 2005, which have been filed of SEDAR.
 
 
About Wavefront Energy and Environmental Services Inc.
 
Wavefront develops, markets, and licenses proprietary technologies in the energy and environmental sectors. The Company’s patented DeepWave^SM Technology is a proven and verified fluid flow optimization technique. Within the energy sector the Company’s strategy is to license the technology to service providers, provide site licenses to oil producers, and to acquire or earn working interests in mature oilfields. In the environmental sector, DeepWave^SM is licensed to service providers who implement the technology to reduce long-term liabilities associated with contaminated sites.