TRMNF New Wave Holdings Corporation (PK)

Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE: TRM)(OTCQX: TRMNF) is excited to report that recent examination of several old workings on the Richmond Basin Silver Property (the "Property") has revealed two new anomalous areas of gold, copper and silver mineralization. These locations are located approximately 2.4 km. south of the McMorris silver mine shaft. Selected assays from these two areas of surface grab samples collected from Trueclaim's claims within the Richmond Basin area are shown in the first table below.

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                                 Au      Au
Sample #  Area                  g/t  oz/ton      Ag g/t   Ag oz/ton    Cu %
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70553(i)  Black Copper Vein   1.783   0.052       6.857        0.20   5.584
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70555(i)  Black Copper Vein   2.057   0.060       0.001        0.05   7.451
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                                              less than   less than
70557(i)  Black Copper Vein    1.78   0.052       0.001        0.05   7.070
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E5096668  Black Copper Vein   2.873   0.084        7.65       0.233   3.764
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E5096666  Barr Float          0.005   0.000        3040      88.666   9.389
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E5096667  Barr Float          0.015   0.000        2852      83.183   8.312
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Table 1: (i) denotes samples assayed by Jacobs Assay Office of Tucson
Arizona. All other samples were assayed by Accurassay Laboratories of
Thunder Bay, Ontario.

Additional grab samples from other locations on the claims, recently received from ALS Laboratories of Vancouver, have revealed further anomalous values of both copper and silver, as shown in the table below.

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                               Au       Au
Sample #  Area                g/t   oz/ton     Ag g/t    Ag oz/ton    Cu %
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70559     Richmond Basin    1.145    0.033       28.6        0.834     4.1
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70560     Richmond Basin    0.002    0.000       1100       32.083   0.664
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70564     Richmond Basin    0.019    0.002        806        23.51   0.263
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                                              greater      greater
                                                 than         than
70565     Richmond Basin    0.005    0.000      10000      291.668    1.52
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70566     Richmond Basin    0.009    0.000       2900       84.583    7.64
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70570     Richmond Basin    0.023    0.001        785       22.896  0.2490
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70571     Richmond Basin    0.024    0.001       1295       37.771   0.670
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Note: To view "Map showing area of samples collected in table 1.", please click the following link: http://media3.marketwire.com/docs/trm0602a.pdf.

The Black Copper Vein mineralization trend, occurring near the contact of a limestone unit and a Tertiary aged quartz diorite, was followed along strike and had at least 2 old shafts and other workings over a linear strike distance of 400 metres. The total strike distance and width of the mineralization still remains to be determined. A pinch and swell vein up to 4 metres wide of massive black mineralization was observed near the southwest workings. Samples were collected from the material extracted from the old workings at two sites about 300 metres apart as shown in the map above. Additional workings with similar mineralization and malachite were observed along the southwest extension of the strike at several areas for about 100 meters along the side of a hill. Mineralized float was observed further along strike to the southwest. The initial sampling was facilitated by copper indications given by Trueclaim's hand held X-ray Fluorescent unit. Due to the dark colour and fine grained nature of this mineralization polished sections will be made to identify the minerals present.

Note: To view "Photo of copper mineralization from the Black Copper Vein", please click the following link: http://media3.marketwire.com/docs/trm0602b.pdf.

The presence of significant copper values near a limestone-Tertiary Age diorite contact is significant in light of the nearby Tertiary aged world class copper porphyry deposits of the Globe Miami areas approximately 14 kilometres to the south. Also in the area are former copper-gold producers having "vein replacement" mineralization similar to that of the Black Copper Vein. Two examples are the Christmas Mine located 37 kilometres south of the Black Copper Vein and the Old Dominion Mine located 14 kilometres south of the Black Copper Vein. Both the Old Dominion Mine and the Black Copper Vein mineralization include a common NE vein orientated structure and grades of up to 6% Cu with associated gold values. The map below shows the relationship of structure and copper porphyry mines in Arizona. Further mapping of the Richmond Basin is now being undertaken under the direction of Nick Barr, a local Arizona Geologist on contract with Trueclaim.

The following map shows the copper porphyry trends in Arizona and the location of the Richmond Basin: http://media3.marketwire.com/docs/trm0602c.pdf.

The Barr float sample was found about 700 metres east of the Black Copper Vein. This sample consists of a dark grey submetallic mineral with abundant malachite staining in a fractured matrix of a clay altered quartz diorite. Further mineral identification work is forthcoming.

Based on the above new mineralization, applications for additional claims have been made. Quotes for a high resolution low level helicopter geophysical survey over the area are also being solicited. Additional assays will follow.

We seek safe harbour.

TRUECLAIM EXPLORATION INC.

John Carter, President

Technical information in this news release has been reviewed by Robert Komarechka, P. Geo. and prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. Company Management, which takes full responsibility for content, prepared this news release.

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. All statements in this news release, other than statements of historical facts, which address future production, reserve potential, exploration activities, financing plans, objectives or goals, and events or developments that the Company expects, are forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding its ability to complete its exploration and development work as expected. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company's continued development work, technical, safety or regulatory issues, market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Actual results or developments may differ materially from those projected in the forward-looking statements, as assay intervals might not necessarily represent true width. Such risks include expectations that may be raised by discussing potential mine types and by comparing the Company's projects to other projects. Also, in order to proceed with the Company's exploration and acquisition plans, additional funding is necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate the Company's plans. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

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

Contacts: Trueclaim Exploration Inc. John Carter President 519-913-8008 1-888-686-1405 (FAX) www.trueclaim.ca