JBS Talware Network Com Npv

Talware Networx Inc. ("Talware") (TSX VENTURE:JBS) announces that the previously
announced letter of intent with Minas De Estano De Espana SLU ("Minas") to
acquire all of the outstanding common shares of Minas in exchange for common
shares of Talware has terminated as the parties were unable to satisfy certain
conditions pursuant to the Letter of Intent within the prescribed timeframes.


Talware's common shares continue to 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.


At this time, management of Talware intends to focus on resolving several
outstanding matters in order to best put the company in a position to maximize
shareholder value in the future. These matters include: (i) the outstanding
regulatory matters described above; (ii) the retirement of outstanding
liabilities which are currently in aggregate in excess of $3 million; and (iii)
the divestiture of the company's software assets.


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.

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