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.
June 21, 2006, Toronto, Ontario
Symbol: AIRE
Shares Outstanding: 28,505,729

DEFAULT STATUS REPORT

Airesurf Networks Holdings Inc. (CNQ:AIRE) is providing an update in accordance with Ontario Securities Commission Policy 57-603 Defaults by Reporting Issuers in Complying with Financial Statement Filing Requirements (the “OSC Policy”). On June 20, 2006, Airesurf filed its audited financial statements for the year ended December 31, 2006. The financial statements are available on SEDAR. The directors and officers of Airesurf will continue to be subject to a cease trade order in respect of securities of Airesurf until the interim financial statements for the quarter ending March 31, 2006, are filed with regulatory authorities.

Based on the work completed to-date, Airesurf anticipates that the interim financial statements will be filed by June 26, 2006. Airesurf will continue to provide bi-weekly updates, as contemplated by the OSC Policy, until the required financial statements have been filed. In the event that Airesurf does not file its interim financial statements by July 30, 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.

The late filing of the required statements is due to the resignation of all of the directors and officers of the Airesurf on December 1, 2005, and the subsequent appointment of new management of Airesurf which requires sufficient time to prepare and file the required statements.

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