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.
July 4, 2006, Toronto, Ontario
Symbol: AIRE
Shares Outstanding: 28,505,729

AIRESURF ANNOUNCES ADDITIONAL DEBT SETTLEMENTS

Airesurf Networks Holdings Inc. (the “Company”) (CNQ - AIRE) announces that, further to its news release of April 19, 2006, it has agreed to settle an additional $477,512 of indebtedness through the issuance of an aggregate of 3,492,325 Class A Voting Shares in the capital of the Company at a prices ranging from $0.06 to $0.20 per share. The indebtedness represents trade
payables and management fees owing to service providers, former directors of the Company and their management companies.

New management will continue its efforts to strengthen the financial condition of the Company by reducing existing indebtedness and continuing to source additional funds.

In addition, the Company has granted stock options to purchase an aggregate of 1,400,000 Class A Voting Shares of the Company at a price of $0.15 per share until July 4, 2011, to officers, directors and consultants of the Company.

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