(OTCBB:LTWV) LiteWave Corp.

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LiteWave Enters Into Agreement to Acquire Platinum Group Metal (PGM) Mineral Properties

(OTCBB:LTWV) LiteWave Corp.

LiteWave Enters Into Agreement to Acquire Platinum Group Metal Mineral Properties

Tuesday January 27, 4:58 pm ET

LOS ANGELES, CA-Jan 27, 2009 - LiteWave Corp. is pleased to confirm that it has entered into a Letter of Intent to acquire a 50% interest in 8 mineral exploration properties located north and West of the town of Baie-Comeau, Quebec from St-Georges Minerals Inc.

These eight properties are located along the general area of the Manicouagan River in the North Shore area of the province of Quebec. These properties bear the names of "Lac en Dentelle," "Franklin," "Lac Ste-Anne," "Manic V," "Bois-Long," "Tetepisca," "Indian Summer" and "Katshi." These properties will be explored primarily for Copper, Cobalt, Nickel, Gold and other platinum group metals .

The terms of the deal call for LiteWave to issue St-Georges a total of 14,600,000 common shares of its capital stock as consideration for the acquisition. St-Georges will receive 8,500,000 common shares and LiteWave will issue 6,100,000 additional common shares to acquire minority interest holders positions in the properties. LiteWave and St-Georges will have 30 days to establish a work program for the properties. The 8 properties are targeting Nickel, Copper, Cobalt, Platinum, Palladium and Gold as the primary minerals, with several other poly-metallic possibilities contained with the land position.

LiteWave will serve as Operator for the exploration work being planned for the next several years. As a result of the acquisition of the properties, new management will be joining the Company as directors and Officers.

New Management

Frank Dumas, President, Director

Mr. Dumas has been involved in the financial industry as a consultant for foreign governments and foreign governmental entities on the subject of International Administration and strategic governance and has advised different money managers and hedge funds, particularly in regard to market intelligence. Over time, he has held different executive positions with many established companies, as well as start-ups. In 2004, he left the Berkshire group of companies, where he had spent close to two years, to consult with a selected group of commodities investment dealers and specialist firms, and returned to his sources as a full time investment banker and corporate consultant. Mr. Dumas holds a Bachelor's degree in International Relations from the University of Quebec in Montreal. After completion of his BA, he went on to study law. As well, he holds a Master's Degree in Public Administration from École National d'Administration Publique.

Mark Billings, Director

Mark is currently President, CEO and a director of Argex Silver Capital Inc. a capital pool company listed on the TSX Venture Exchange. He is also the President and CEO of Orex Exploration Inc., a junior gold exploration company with a property at Goldboro, Nova Scotia, and a partner at Atwater Financial Group Inc., a Montreal-based merchant banking group. Mr. Billings is also a director of Ona Energy Inc., a company that has a 60% interest in a coal-fired electricity plant in China. He has a BA from Carleton University and an MBA from the Harvard Business School; he is also a Chartered Financial Analyst.

Wayne D. Cockburn, Director, CFO

Prior to joining LiteWave, Wayne has served as Chief Executive Officer and President of Impact Medical Solutions Inc. since September 2003. He served as President of MPR Health Systems from January 2002 to September 2003 and served as its Executive Vice President from January 2000 to January 2002. From January 1995 to December 1999, Mr. Cockburn served as Vice President of Business Development for Lorus Therapeutics. His background includes strategic planning, corporate finance, corporate partnering, corporate governance and mergers and acquisitions.

About LiteWave

LiteWave has become a mineral exploration company focusing is attention on a large Platinum Group Metals and poly-metallic land package in Quebec, Canada.

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by LiteWave Corp.) contains statements that are forward looking, such as statements related to the future anticipated direction of the mining industry, plans for future expansion, various property development activities, planned capital expenditures, future funding resources, anticipated production and reserves growth. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.

Contact:

For More Information Contact: Ian Lambert Director 604 675-7637   Source: LiteWave Corp.

Profile for LiteWave Corp.

Litewave Corp., an exploration stage oil and gas company, engages in the exploration and development of natural gas through the acquisition of leases and drilling of gas wells in the states of Kansas, Missouri, and Oklahoma, the United States. It owns 50% net working interest in 16 leases consisting of approximately 4,036 undeveloped acres, which include the Bourbon County, Kansas project encompasses 2,905 acres of prospective natural gas lands on 10 leases; the Vernon County, Missouri project comprises 5 leases for 974 acres; and the Woods County, Oklahoma lease that covers 157 acres. The company, formerly known as Homefront Safety Services of Nevada, Inc., was founded in 1989 and is headqu... Detailed LTWV Company Description...

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