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 29, 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”). The directors and officers of Airesurf are currently subject to a cease trade order in respect of securities of the Corporation issued by the Ontario Securities Commission (the “OSC”) on May 2, 2006. The cease trade order resulted from a 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, and from a delay in filing the Corporation’s interim financial statements for the quarter ended March 31, 2006, which were required to be filed no later than May 30, 2006. On June 20, 2006, Airesurf announced that it had filed its audited financial statements for the year ended December 31, 2006. Airesurf today announces that it filed its interim financial statements on June 29, 2006 for the quarter ended March 31, 2006. The financial statements are available on SEDAR.

The late filing of the required statements was 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 required sufficient time to prepare and file the required statements.

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