NWest Energy Corp.

June 17, 2013 18:18 ET

NWest Energy Announces Management and Board Changes

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - June 17, 2013) - NWest Energy Corp. ("NWest" or the "Corporation") (TSX VENTURE:NWN) announces that, subject to regulatory approval, Mr. Kevin Aylward shall be appointed as President, Chief Executive Officer and a director of the Corporation. Mr. Aylward has extensive public/private sector management experience in the resource and transportation sectors. Most recently Mr. Aylward has worked in the oil sands industry and with First Nations groups on business development and environmental technology issues. Previously, he served as CEO of the Goose Bay International Airport and Nunacor Development Corporation. He also served as a Provincial Cabinet Minister for nine years with the Government of Newfoundland and Labrador including the Environment, Labour and Forestry portfolios. Mr. Aylward also served as Leader of the Liberal Party of Newfoundland and Labrador during the Provincial Election in 2011.

Mr. Aylward replaces Mr. Robert Webb who resigned from his position as President and Chief Executive Officer of the Company. Mr. Webb was appointed as President and CEO for NWest in 2009 and is leaving the Company to devote his energies to other undertakings. Mr. Webb will remain on the Board of Directors.

Mr. Wade Dawe has resigned from the Board of the Corporation as of June 18, 2013, in order to devote time to other professional responsibilities. NWest's Board of Directors would like to thank him for his contributions to the Corporation.

About NWest Energy

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

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.

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.

Contact Information