FairWest Energy Corporation

FairWest Energy Corporation

June 30, 2011 10:17 ET

FairWest Energy Announces First Quarter 2011 Financial Results and Shareholder Meeting

CALGARY, ALBERTA--(Marketwire - June 30, 2011) - FairWest Energy Corporation ("FairWest" or the "Company") (TSX VENTURE:FEC) announces that the Company has filed its Unaudited Financial Statements and Management's Discussion and Analysis ("Financials") for the three months ended March 31, 2011 on SEDAR. The full text of the Financials can be found at www.sedar.com and on the Company's website at www.fairwestenergy.com.

The Company held its Annual and Special Meeting of Shareholders (the "Meeting") on June 29, 2011. At the Meeting, the shareholders reappointed the firm of Kenway Mack Slusarchuk LLP as the Company's auditors, elected the directors of the Company and confirmed the Company's stock option plan. The Company also received approval from a majority of disinterested shareholders for the creation of a new Control Person. The current directors of the Company are Vern R. Fauth, Douglas O. McNichol, Carl M. Ravinsky, David S. Kelcher, Sean C. Fauth, Angelo W.S. Zia and H. Allen Cameron. John Leder has become a Control Person of FairWest with direct and indirect holdings of 38,485,953 common shares representing 19.6% of the now issued share capital. Mr. Leder has been a shareholder and supporter of the Company since 2009. A company controlled by Mr. Leder is also a joint venture partner with FairWest on a portion of its oil and gas projects.

About FairWest Energy

FairWest (TSX VENTURE: FEC) is a Calgary, Alberta based junior oil and gas company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids in the provinces of Alberta and Saskatchewan.

225,669,291 Common Shares Issued.

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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