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.
November 2, 2005, Toronto, Ontario
Symbol: AIRE
Shares Outstanding: 25,561,328

AIRESURF PROPOSES PRIVATE PLACEMENT

AireSurf Networks Holdings Inc. (CNQ - AIRE) announces a proposed private placement of up to 15,000,000 units of the Company at a price of $0.10 per unit for gross proceeds of up to $1,500,000. Each unit is to be comprised of one class A voting share and one class A voting share purchase warrant. Each warrant entitles the holder thereof to acquire an additional common share at a price of $0.15 for a period of two years. The proceeds of the private placement will be used for general working capital
purposes.

Completion of the private placement is subject to regulatory approval, including satisfaction of the requirements of the CNQ.

For further information, contact: Mr. Peter Gee, Chief Financial Officer at (416) 989-0415 or at invest@airesurfnetworks.com.