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Press release from Marketwire

NWest Energy Announces Name Change and Consolidation

Wednesday, November 03, 2010

NWest Energy Announces Name Change and Consolidation18:57 EDT Wednesday, November 03, 2010ST. JOHN'S, NEWFOUNDLAND--(Marketwire - Nov. 3, 2010) - NWest Energy Corp. ("NWest" or the "Corporation") (TSX VENTURE:NWN) announces that the TSX Venture Exchange ("TSXV") has provided its final acceptance to the previously announced name change and share consolidation of the Corporation. Effective at the opening on November 4, 2010, the consolidated common shares of NWest Energy Corp. will commence trading on the TSXV and the former common shares of NWest Energy Inc. will be delisted. The Corporation is retaining its current trading symbol "NWN". To give effect to the name change and share consolidation, the Corporation encourages its shareholders to submit a letter of transmittal to the Corporation's transfer agent, Computershare Investor Services Inc., if they have not already done so. The letters of transmittal were mailed to all shareholders with the management proxy materials on September 23, 2010. Should any shareholders require additional copies of the letter of transmittal, they can obtain copies by contacting the Corporation or Computershare Investor Services Inc., or by printing a copy from the System for Electronic Document Analysis and Retrieval at www.SEDAR.com.About NWest EnergyNWest Energy is a Canadian junior oil and gas company exploring off the west coast of Newfoundland and Labrador. NWest holds approximately 1.6 million acres of prospective frontier property in the Anticosti basin in a geologically favourable environment for exploration. Further information regarding the Company and its exploration licences is available at www.nwestenergy.com.The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.FOR FURTHER INFORMATION PLEASE CONTACT: Robert WebbNWest Energy Corp.President & CEO(709) 722-3757info@nwestenergy.comwww.nwestenergy.comNeither TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.