Mr. Anthony Zelen reports

NEW WAVE ANNOUNCES SHARES FOR DEBT SETTLEMENTS

New Wave Holdings Corp. has entered into debt settlement agreements for an aggregate of $348,640 in debt. In settlement of the debt, the company will issue an aggregate of 6,972,800 common shares in the capital of the company at a deemed price of five cents per debt share. The indebtedness relates to outstanding fees owing to service providers to the company.

All common shares issued in connection with the debt settlement are subject to a statutory four-month hold period, in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. The closing of the issuance is subject to certain conditions, including the receipt of all necessary regulatory approvals, including the approval of the CSE.

About New Wave Holdings Corp.

New Wave Holdings is an investment issuer that has been focused on supporting innovative and fast-growing companies within the e-sports, non-fungible token, metaverse, blockchain and Web3 sectors. It intends to also identify accretive acquisitions within a wider strategic scope, including exploring entry into the emerging artificial intelligence market.

We seek Safe Harbor.