Talware Networx Inc.: Press Release

Talware Networx Inc. ("Talware") (TSX VENTURE:JBS) announces that it has
terminated the previously announced letter of intent with 2101927 Ontario Inc.
(the "Vendor") to acquire all of the Vendor's right, title and interest in a
group of mining licenses and claims in Northern Ontario. As a result, the
management of Talware is no longer proceeding with this change of business
transaction (the "Transaction") and the planned divestiture of its software
assets at the present time.


In connection with the Transaction, Talware completed a non-brokered private
placement offering (the "Financing") of 4,795,002 subscription receipts (the
"Subscription Receipts") for aggregate gross proceeds of $719,250. In accordance
with the subscription receipt agreement entered into concurrently with the
Financing, all of the gross proceeds have been returned to the subscribers of
the Subscription Receipts.


Talware's common shares will remain halted from trading on the TSX Venture
Exchange pending clarification from the Ontario Securities Commission (the
"OSC") with respect to the OSC's review of the Company's recent submission
regarding certain continuous disclosure filings.


The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Although Talware believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the expectations of
any forward looking statements will prove to be correct. Talware disclaims any
intention and assumes no obligation to update or revise any forward looking
statements to reflect actual results, whether as a result of new information,
future events, changes in assumptions, changes in factors affecting such forward
looking statements or otherwise.