Name Change to Butte Energy Inc. Approved and Options Granted

800, 906 12 Avenue SW Calgary, Alberta T2R 1K7 Phone (403) 244-5340 Fax (403) 245-5156 WAVEFIRE.COM INC. TSXV ticker symbol: WAF

PRESS RELEASE

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

FOR IMMEDIATE RELEASE

June 2, 2011

NAME CHANGE TO BUTTE ENERGY INC. APPROVED AND OPTIONS GRANTED

Wavefire.com Inc. (the “Company”) (TSXV-WAF) is pleased to announce that at the Annual General and Special Meeting of Shareholders held on May 31, 2011 the shareholders approved the Company’s name change to Butte Energy Inc. The board of directors of the Company intends to implement the name change in the near future. In connection with this change the Company will apply to the TSX Venture Exchange for a new trading symbol.

The Company has also granted incentive stock options to its employees and directors to acquire 1,150,000 common shares at an exercise price of $0.30 per share, for a period of three years pursuant to the Company’s Stock Option Plan. The options vest as to one-third on the date of grant, one-third a year thereafter and one-third two years thereafter.

For further information please contact:

Wavefire.com Inc.

Chris Reimchen, CFO Tel: (403) 541-5317

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release