SOURCE: Gulf Western Petroleum Corp.

April 12, 2007 16:40 ET

Gulf Western Petroleum Retains Pro-edge Consultants to Provide Investor Relations Services

HOUSTON, TX -- (MARKET WIRE) -- April 12, 2007 -- Gulf Western Petroleum Corporation (OTCBB: GWPC) is pleased to announce it has retained Pro-edge Consultants Inc. ("Pro-edge") to provide investor relations services.

Pro-edge, a Toronto-based IR firm that represents public companies in the natural resources, energy production, technology and entertainment sectors; will receive USD$5,000 a month during the initial 12 month term. Gulf Western will issue 600,000 options exercisable to acquire shares of common stock at an exercise price of USD$1 per share to Pro-edge on signing. The term of the options shall be two (2) years from date of issue and shall vest in equal quarterly tranches during the first 9-month period with the first tranche vesting immediately.

Gulf Western President and Director, Sam Nastat stated, "After reviewing a number of investor relations opportunities, we are very pleased to have Pro-edge Consultants join our team."

Pro-edge Consultants Inc. Managing Partner, Tracy Weslosky also commented, "Gulf Western has a management team with a track record of finding and developing commercial reserves. We look forward to working with Gulf Western to increase public and institutional awareness of Gulf Western's strategy and support management's efforts to build shareholder value."

About Gulf Western Petroleum Corporation:

Gulf Western Petroleum Corp. holds oil and gas lease acreage in Texas and Kentucky, an agreement to acquire oil and gas interests in properties in Louisiana, and lease acreage and behind pipe shut in production that is currently undergoing flow tests in Kansas. All of these holdings are capable of being interconnected with existing infrastructure, providing ready access to major oil and gas markets and the ability to ramp up cash flow and future growth. The Company also holds a group of relatively low risk gas leases.

About Pro-edge Consultants Inc.:

Pro-edge is an international Investor Relations service solution provider that has experience in the Energy Generation, Natural Resources, Technology and Entertainment industry sectors. Founded in 2001, with the aim of supporting public companies in their relationship with the investment community; Pro-edge is committed to compliance and creating the audience that will provide each client's effective market valuation.

This press release may include forward-looking statements based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. For example, the extraction and sale of natural gas from the wells involves a number of costs and risks, which may limit our ability to generate cash flow from the wells. In addition, the business of Gulf Western Petroleum Corp. is subject to a number of risks typical of an oil and gas exploration and development company including, among other things, the inherent uncertainties associated with oil and gas exploration; laws, environmental, judicial, regulatory, political and competitive developments in areas in which Gulf Western Petroleum Corp. operates; and technological, mechanical and operational difficulties encountered in connection with Gulf Western Petroleum Corp.'s activities.

The securities referred to in this press release have not been registered under the United Sates Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Securities Act or unless an exemption from registration is available.

Contact Information

  • Gulf Western Petroleum Corporation:

    Sam Nastat
    President & Director
    Telephone: (713) 355-7001
    www.gwpetroleum.com
    Email Contact

    Investor Inquiries:

    Tracy Weslosky or Fred Cowans
    Managing Partners
    Telephone: 416-581-0177
    Toll Free: 866-544-9622 or
    Email Contact
    www.pro-edge.com

    Gulf Western Petroleum Corporation
    306W-4801 Woodway Drive
    Houston, Texas
    77056
    Tel: (713) 355-7001
    Fax: (713) 979-3728
    Email: Email Contact