Freewest Resources Canada Inc.
TSX VENTURE : FWR

Freewest Resources Canada Inc.

November 11, 2009 12:00 ET

Freewest Announces Signing of Confidentiality and Exclusivity Agreement

Agreement provides for exclusive negotiations until December 1, 2009

MONTREAL, QUEBEC--(Marketwire - Nov. 11, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that it has entered into a Confidentiality and Exclusivity Agreement with a third party. The agreement provides, in effect, that subject to certain exceptions, Freewest will negotiate with the third party on an exclusive basis until December 1, 2009.

Freewest and its financial and legal advisors have been working with the third party and its advisors to determine whether they can agree on mutually-acceptable transaction terms, and have discussed confidential non-binding terms of a potential transaction. These discussions are ongoing.

The Confidentiality and Exclusivity Agreement follows the unsolicited all-share offer made on October 13, 2009 by Noront Resources Ltd. for the outstanding shares of Freewest. Freewest can give no assurances that it will enter into a definitive agreement with the third party or that a transaction with the third party will ultimately be completed.

In addition, further to its press release of November 5, 2009, Freewest wishes to clarify that work on an independent mineral resource estimate on the Black Thor occurrence, to be prepared in compliance with National Instrument 43-101, has not yet commenced. Freewest expects that the mineral resource estimate will be completed by the end of 2009.

Freewest is a well-financed mineral exploration company. It is actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on Tier 1 of the TSX Venture Exchange under the symbol FWR.

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

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