ComWest Enterprise Corp.

June 24, 2011 09:00 ET

Comwest Announces New Director Appointment and Stock Option Grants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2011) - ComWest Enterprise Corp. (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) (the "Company") is pleased to announce the appointment of Darryl R. Eddy to its board of directors where he will also serve as a member of the audit committee. Mr. Eddy is President of Radale Inc. a private investment holding company and a managing director of Genpar Capital Inc. He currently serves as a Director of various private companies including Mount Washington Alpine Resort in British Columbia and several Eddy Group companies which operate in the real estate and building product distribution industries in Eastern Canada. Mr. Eddy is a recently retired partner of PricewaterhouseCoopers LLP and a past Managing Director of PricewaterhouseCoopers Corporate Finance Inc.

The Company has granted a total of 975,000 Class A restricted equity stock options at $1.00 to directors, officers and employees in accordance with its stock option plan approved at the annual and special meeting of shareholders held on May 26, 2011 and accepted for filing by the TSX Venture Exchange on June 21, 2011. The options are for a term of five years and vest over three years at the rate of one-third (1/3) annually in arrears.


Douglas F. Good, President

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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