Article: New Wave signs exclusive agreement to explore gold on Nicaraguan property.

TORONTO, Jan. 4 /PRNewswire-FirstCall/ -- New Wave Media Inc. has signed an exclusive Mineral Exploration Rights Agreement ("Agreement") with the current owners of a Nicaraguan property for an initial period of one year, effective December 15th, 2007.

At the end of this Agreement, New Wave will either purchase the property outright for consideration of $250,000 or enter into a Joint Venture Ownership Agreement with the owners to fully exploit the potential of the property. New Wave will retain 70% ownership if this joint venture is entered into at that time.

New Wave has provided the owners a $20,000 US deposit and is committed to spend a minimum of ...

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