ComWest Enterprise Corp.
TSX VENTURE : CWP
TSX VENTURE : CWP.A

February 28, 2011 16:30 ET

ComWest Enterprise Announces Issue of Class A Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2011) - ComWest Enterprise Corp. (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) (the "Company") announces that it has issued a total of 7,000,000 Class A Restricted Equity Shares ("Class A Shares") from treasury upon the conversion of all of the outstanding convertible 8% cumulative preferred shares of the Company. In accordance with the share rights attached to the preferred shares, each preferred share was converted into 7 Class A Shares. Following the issuance of Class A Shares, there are now 8,084,301 Class A Shares, 2,256,898 Class B Voting Common Shares and no preferred shares outstanding.

ON BEHALF OF THE BOARD

Douglas F. Good, President

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

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