EnWave Named to TSX Venture Top 50 for Second Straight Year

EnWave Corporation (TSX VENTURE:ENW)(FRANKFURT:E4U) ("EnWave", or the "Company")
was today named as one of the TSX Venture Top 50 companies for 2011, an annual
ranking of Canada's top 50 emerging publicly traded companies. The TSX Venture
50 includes the top 10 companies in 5 major industry sectors that have been
identified as leaders in providing shareholder value on Canada's junior stock
exchange. EnWave was ranked eighth in the list of ten leading Canadian
Technology and Life Sciences companies for the year. 


"This award reflects the viewpoint shared by our investors around the world in
the sheer potential of EnWave's dehydration technology," said John McNicol,
EnWave's President and Co-CEO. "With six technology platforms, and collaboration
agreements with four multinational corporations, we are on the verge of
delivering a new standard in industrial processing to the global market." 


The 2011 TSX Venture 50 companies were selected based on four equally-weighted
criteria that include share price appreciation, trading volume, market
capitalization growth and analyst coverage growth in the Clean Technology,
Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences
sectors. The results were obtained from data to December 31, 2010. 


About TSX-V 

The TSX Venture Exchange includes over 2000 companies in a diverse mix of
industry sectors, including mining, energy, industrial, life sciences,
technology, clean technology and financial services. The Exchange's total market
capitalization is over CDN$60.8 billion. More information about the Top 50 list
is available at the following link: www.tsx.com. 


About EnWave 

Using proprietary technologies developed in conjunction with the University of
British Columbia, EnWave is commercializing a new method for dehydrating food
and biological materials using Radiant Energy Vacuum ("REV") technology under
its nutraREV(TM), powderREV(TM), quantaREV(TM), bioREV(TM), freezeREV(TM) and
MIVAP(TM) brands. REV technology combines microwave energy transfer under vacuum
to dehydrate and alter structures and drive chemical reactions, thereby creating
unique product characteristics for both food products and medical applications
that include fruit, vegetables, probiotics, enzymes, proteins, food cultures,
vaccines and antibodies. More information about EnWave is available at
www.enwave.net. 


EnWave Corporation

John McNicol, President & Co-CEO

Safe Harbour for Forward-Looking Information Statements: This press release may
contain forward-looking information based on management's expectations,
estimates and projections. All statements that address expectations or
projections about the future, including statements about the Company's strategy
for growth, product development, market position, expected expenditures and
financial results are forward-looking statements. These statements are not a
guarantee of future performance and involve a number of risks, uncertainties and
assumptions. There is no guarantee that the Company's REV technology can or will
improve processes in the target industry; even if the Company's REV technology
can be used as described in this document, there is no guarantee that such use
will result in orders for the Company's REV technology.

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