FairWest Energy Corporation
TSX VENTURE : FEC

FairWest Energy Corporation

October 07, 2011 09:30 ET

FairWest Energy Announces Resignation of Director and Conversion of Debentures

CALGARY, ALBERTA--(Marketwire - Oct. 7, 2011) - FairWest Energy Corporation (TSX VENTURE:FEC) ("FairWest" or the "Company") announces that Angelo Zia has resigned from the board of directors effective October 7, 2011, to pursue personal interests overseas. The current directors of the Company are Vern R. Fauth, Douglas O. McNichol, Carl M. Ravinsky, David S. Kelcher, Sean C. Fauth and H. Allen Cameron.

The Company also advises that on October 4, 2011, it issued 1,833,334 common shares pursuant to the conversion of $275,000 of Series 2, 14% Secured Subordinated Convertible Redeemable Debentures ("Series 2 Debentures"). To date, the Company has converted $2,359,000 of Series 1, 14% Secured Subordinated Convertible Debentures ("Series 1 Debentures)" and Series 2 Debentures. The Series 1 Debentures and Series 2 Debentures are convertible into common shares of FairWest at $0.15 per common share.

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.

242,689,986 Common Shares Issued

READER ADVISORY 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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