SOURCE: Ameriwest Energy Corp.

May 13, 2008 09:00 ET

OTC Financial Network Issues Corporate Facts Report on Ameriwest Energy Corp.

CASPER, WY--(Marketwire - May 13, 2008) - Ameriwest Energy Corp. (OTCBB: AWEC) ("Ameriwest" or the "Company") announced today that OTC Financial Network, a division of National Financial Communications Corp., has issued a Corporate Facts Report (the "OTCFN Report") on the Company. The OTCFN Report highlights Ameriwest's oil-producing interests, exploration projects, technical expertise and future growth prospects. Interested parties may download the OTCFN Report at www.otcfn.com/awec/awec-report.pdf or call 781-444-6100 x625 for reprints.

The major US oil companies are posting the largest annual and quarterly profits in U.S. History. Ameriwest is an emerging growth-oriented, little-known public energy company that is poised to benefit from the recent unprecedented price escalation in the oil and gas sector. An excerpt from the OTCFN Report states, "Ameriwest Energy has the advanced technology, management expertise and strategic partnerships to profitably produce from overlooked properties in oil-rich regions of the Rocky Mountains. In addition to tapping into three oil producing fields under agreement, the Company offers investors the exciting upside potential of exploration prospects. This diversified business strategy mitigates risk, while maximizing its potential return on investment, laying the groundwork to become a profitable and successful energy company for the benefit of its early shareholders."

OTC Financial Network serves as special advisor to Ameriwest Energy and has received fees for services, including this report/release, in the amount of ten thousand dollars paid in cash by Dunstone Incorporated, plus marketing expenses, for the creation and distribution of material. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. A full disclaimer can be found online by visiting www.otcfn.com/awec/disclaimer.html.

About OTC Financial Network

Since 1992, OTC Financial Network has carved its niche as the nation's leading small/micro-cap investor relations and financial communications firm. For information on OTCFN services and clients, visit www.otcfn.com. OTC Financial Network is a division of National Financial Communications Corp. (www.nationalfc.com) based in Needham, MA.

About Ameriwest Energy Corp. (OTCBB: AWEC)

Ameriwest Energy Corp. is a growing, expertly managed energy company focused on producing underdeveloped oil resources in the prolific Rocky Mountain region of the United States. The company is striking a strategic balance between low-risk tertiary recovery projects and extensively mapped exploration plays with significant upside potential. Visit our website at www.ameriwestenergy.com.

Notice Regarding Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding development and exploration activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Ameriwest to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Ameriwest Energy Corp., or any affiliates, has little or no control. Risks, uncertainties and other factors are discussed in documents filed from time to time by Ameriwest with the Securities Exchange Commission. There is no assurance that Ameriwest's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements. Information concerning oil reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

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