WaveRider Communications Inc.                                       NEWS RELEASE
(OTC BB: WAVC)                                     All values expressed in $U.S.


                     WaveRider announces Q1 revenue of $2.3M

 -- Following 45 per cent annual revenue growth, company experiences delays in
distributor sales and seasonal slowdown in key account sales in North America --



TORONTO, April 6, 2004 - WaveRider Communications Inc. (OTC BB: WAVC), a leading
global provider of fixed wireless Internet access products, today announced it
expects to report revenues of approximately (U.S.)$2,300,000 for its first
fiscal quarter, ended March 31, 2004, compared to first quarter FY2003 revenues
of $3,178,000.

"WaveRider has consistently generated positive annual revenue growth through our
customer-focused sales approach, successful product development initiatives, and
increasing presence in the broadband wireless market," said Bruce Sinclair,
Chief Executive Officer, WaveRider Communications Inc. "Despite our
disappointment in our first quarter revenue, we have maintained strong profit
margins and continue to expand our customer base. We are confident that we will
return to a pattern of increased quarterly sales in Q2."

"During 2003 WaveRider implemented a distributor and large account program in
North America that resulted in new customers and 45 per cent revenue growth,"
added Sinclair. "However, our current dependence on a single product line
designed primarily for one market, although it is industry leading, made us
vulnerable to seasonal and individual buying fluctuations beyond our control
this past quarter. We are still confident that we will reach cash flow positive
operations by the end of 2004."

"WaveRider's market and product expansion strategy are critical steps towards
insuring that WaveRider is well positioned to participate in the broadband
wireless market growth that is forecasted for 2005 through 2007," added
Sinclair. "We intend to continue to support our existing customers with the
industry's best products and service and to help them expand their networks,
while working to secure new customers both in North America and
internationally."

WaveRider will host its Q1 2004 conference call on Thursday, April 29, 2004 at
4:30 p.m. (EDT). Details to be announced.


About WaveRider Communications Inc.

WaveRider Communications Inc. (www.waverider.com) is a leading global provider
of fixed wireless Internet access products. WaveRider's Last Mile Solution(R)
product family includes its non-line-of-sight 900 MHz wireless system that
connects businesses and residential subscribers to the Internet. WaveRider's NCL
Series provides high-speed wireless connections between single or multiple
computer networks using the 2.4 GHz band and 900 MHz bands. WaveRider is traded
on the OTC Bulletin Board, under the symbol WAVC.

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Except for the historical statements made herein, this release contains
forward-looking statements that involve risks and uncertainties including the
risks associated with the effect of changing economic conditions, trends in the
development of the Internet as a commercial medium, market acceptance risks,
realizing expected revenue, technological development risks, and seasonality.
Risk factors also include the company's ability to secure additional financing;
the company's ability to commercialize its products; the company's ability to
compete successfully in the future against existing or new competitors; the
company's ability to protect its intellectual property and the assurance that
the rights granted under patents or copyrights that may be issued will provide
sufficient protection to its intellectual property rights; the company's success
in enhancing existing products and developing new products to keep up with the
technological advances in the data communications industry; the continued
availability of the license-exempt spectrum which is based on regulation by U.S.
and foreign governments; the company's ability to avoid significant product
liability exposure; the company's dependence on a limited number of third party
manufacturers; the company's ability to execute its business plan and generate
an overall profit and other risk factors detailed in the Company's filings with
the Securities and Exchange Commission, including the company's annual report on
Form 10-KSB as amended. Due to these factors, actual results could differ
materially from those expressed in forward looking statements by the company.

WaveRider Corporate Communications:                WaveRider Investor Relations
416-502-2978                                       416-502-3265
canderson@waverider.com                            investors@waverider.com