Mr. Brent Charleton reports

ENWAVE ANNOUNCES OPTION TRADE PROGRAM AND ADDITIONAL OPTION GRANT FOR NON-INSIDER EMPLOYEES

EnWave Corp. has adopted a value-for-value option trade program for non-insider employees whose current stock options are significantly out of the money.

The program is designed to incentivize and retain key employees. Non-insider employees will have the option to elect to exchange their previously awarded stock options for up to 905,515 new stock options with equivalent value. The traded options will have a five-year term and an exercise price of 75 cents, which is a premium to the current market price of the company's common shares. As a result of the program, the total number of outstanding stock options will be materially reduced.

The company will also grant a total of 500,000 additional stock options under its current share option plan to certain employees of the company on the same terms as the traded options, which vest over 18 months.

About EnWave Corp.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Vancouver, B.C., EnWave has developed a robust intellectual property portfolio, perfected its radiant energy vacuum (REV) technology, and transformed an innovative idea into a proven, consistent and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product, quality and cost.

With more than 50 royalty-generating partners spanning 20 countries and five continents, EnWave's licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner, and getting to market faster with the company's patented technology, licensed machinery and expert guidance.

EnWave's strategy is to sign royalty-bearing commercial licences with food and cannabis producers that want to dry better, faster and more economical than freeze drying, rack drying and air drying, and enjoy the following benefits:

• Food and ingredients companies can produce exciting new products, reach optimal moisture levels up to seven times faster, and improve product taste, texture, colour and nutritional value.
• Cannabis producers can dry four to six times faster, retain up to 20 per cent more terpenes and 25 per cent more cannabinoids, and achieve at least a three-log reduction in crop-destroying microbes.