NWest Energy Corp.

July 05, 2012 16:05 ET

NWest Energy Announces Management and Board Changes

ST. JOHN'S, NEWFOUNDLAND--(Marketwire - July 5, 2012) - NWest Energy Corp. ("NWest" or the "Corporation") (TSX VENTURE:NWN) announces that, subject to regulatory approval, Rob Randall shall be appointed as Chief Financial Officer of the Corporation. Mr. Randall is a Chartered Accountant with an extensive background in the mining and exploration industry and holds senior positions with resource-based publically traded companies including Etruscan Resources, Endeavour Mining and as a principal with PricewaterhouseCoopers. Mr. Randall replaces Ms. Sharon M. Dunn CA, CBV who resigned from her position as Chief Financial Officer of the Company. Ms. Dunn was appointed as Chief Financial Officer for NWest in 2007 and is leaving the Company to devote her energies to other undertakings. The Board of Directors wish Ms. Dunn well in her future pursuits.

The Corporation is pleased to announce that, subject to regulatory approval, James (Jim) Megann, President and Chief Executive Officer of StockPort Exploration has been appointed to the Board of NWest as of July 5, 2012. Mr. Megann is a mining executive and a business leader. He served as Director of Investor Relations and Marketing for StockPort Exploration and has more than 25 years experience in the communications and marketing industry. Prior to joining StockPort, Jim was Senior Vice President of m5 Marketing Communication where he led teams in a wide variety of communication disciplines ranging from on-line marketing programs, public relations, market research and promotional programs. His client experience is equally as wide in scope ranging from other publicly traded companies, to automotive, consumer goods, business-to-business, manufacturing and commodities industries. Mr. Megann also worked for 2 years with Weber Shandwick, a leading public relations company, as a senior consultant on media issues, government, and community relations programs. Mr. Megann studied a Bachelor of Arts Degree at Memorial University of Newfoundland.

Ms. Jacqueline Sheppard, QC and Dr. James Buckee have resigned from the Board of the Corporation as of July 5, 2012, in order to devote time to other professional responsibilities. NWest's Board of Directors would like to thank them both for their contributions to the Corporation and wish them well in their future endeavors.

The Corporation further announces that the corporate head office will be moving from St. John's to Halifax at the following address:

1969 Upper Water Street, Suite 2001
Halifax, Nova Scotia B3J 3R7

About NWest Energy

Further information regarding the Corporation is available at www.nwestenergy.com.

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Corporation's expectations. Certain risk factors may also affect the actual results achieved by the Corporation. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in NWest's disclosure documents on the SEDAR website at www.sedar.com.

There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Corporation undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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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