SOURCE: Ameriwest Energy Corp.

Ameriwest Energy Corp.

February 24, 2009 08:30 ET

Ameriwest Energy Corporation Receives Strong Upgrade by Respected Research Firm

CASPER, WY--(Marketwire - February 24, 2009) - Ameriwest Energy Corp. (OTCBB: AWEC) ("Ameriwest" or the "Company") is pleased to announce that the well-respected research firm, Bridge IR Group, has upgraded its equity rating on AWEC. This strong upgrade comes at a time when Bridge IR is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL: http://www.bridgeir.com/AWEC_Initiation_Report.pdf.

About Ameriwest Energy Corporation:

Ameriwest Energy Corp. is a growing, expertly managed energy company focused on producing underdeveloped oil resources in the prolific Rocky Mountain region of the United States. The company is striking a strategic balance between low-risk tertiary recovery projects and extensively mapped exploration plays with significant upside potential. Visit our website at www.ameriwestenergy.com.

Forward-Looking Statements:

This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.

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