AIRESURF NETWORKS HOLDINGS INC.
121 Richmond Street West, Suite 501
Toronto, Ontario M5H 2K1
Tel: (416) 368-9411
Fax: (416) 861-0749

PRESS RELEASE FOR IMMEDIATE RELEASE

Canadian Trading and Quotation System Inc.
May 11, 2006, Toronto, Ontario
Symbol: AIRE
Shares Outstanding: 27,519,538

DEFAULT STATUS REPORT

Airesurf Networks Holdings Inc. (CNQ:AIRE) is providing an update in accordance with Ontario Securities Commission (“OSC”) Policy 57-603 Defaults by Reporting Issuers in Complying with Financial Statement Filing Requirements (the “OSC Policy”). The directors and officers of Airesurf are currently subject to a cease trade order in respect of securities of the Corporation issued by the OSC on May 2, 2006. The cease trade order resulted from the delay in filing the Corporation’s annual financial statements for the year ended December 31, 2005 which were required to be filed on May 1, 2006. The late filing of the required statements is due to the resignation of all of the directors and officers of the Corporation on December 8, 2005 and the subsequent appointment of new management of the Corporation which requires sufficient time to prepare and file the required statements.

Based on the work completed to-date, Airesurf anticipates that the annual financial statements will be filed by May 29, 2006. Airesurf will continue to provide bi-weekly updates, as contemplated by the OSC Policy, until the financial statements have been filed. In the event that Airesurf does not file its annual statements by July 1, 2006, the Ontario Securities Commission may impose an Issuer Cease Trade Order. Airesurf intends to satisfy the provisions of the Alternative Information Guidelines during the period Airesurf remains in default of the filing requirements.

For further information, contact: Mr. Paul Brent, President at (416) 368-9411.