March 20 , 2006 - WebTech Wireless Inc. Annouces $6 Million Bought Deal Private Placement

This News Release is Intended for Distribution in Canada Only and is Not Authorized or Intended for Distribution to United States Newswire Services or for Publication or Dissemination in the United States

March 20, 2006 - WebTech Wireless Inc. (TSX-V: WEW) (the "Corporation") is pleased to announce that the Corporation has entered into a bought deal agreement with a syndicate of underwriters led by Wellington West Capital Markets Inc. and GMP Securities LP (collectively, the 'Underwriters"). Under the agreement, the syndicate will purchase from the Corporation 4,137,932 special warrants of the Corporation ("Special Warrants") at a price of $1.45 per Special Warrant for gross proceeds of $6 million (the "Offering"). Each Special Warrant shall be exercisable, at no additional cost, into one common share of the Corporation. In addition, the Underwriters will have the option, exercisable on or prior to Closing, to purchase up to an aggregate of 2,758,621 additional Special Warrants at the offering price and on the same terms and conditions as set forth herein. In addition to receiving a cash commission for their services as underwriters under the Offering, the Underwriters will also receive a number of compensation warrants (each of which shall be exercisable into one Special Warrant) that is equal to 3.0% of the number of Special Warrants sold under the Offering.

In connection with the Offering, the Corporation will file a short form prospectus in each of the applicable provinces of Canada to qualify for distribution the common shares underlying the Special Warrants. The Offering is expected to close on or about April 11, 2006.

The transaction is subject to the receipt of all necessary regulartory approvals.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

Forward Looking Statements

This press release contains forward-looking statements involving risks and uncertainties pertaining to, but not limited to product plans, timing, content, and pricing of products, market and industry expectations, the wireless communications industry, the mobile fleet industry, and general economic and political conditions. Given the risks and uncertainties inherent in the markets and industries referred to in this press release, WebTech cannot guarantee that any forward looking statements will not be realized.

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