FairWest Energy Obtains Extension Under CCAA

FairWest Energy Corporation (TSX VENTURE:FEC) ("FairWest" or the "Company")
announces that it has obtained an Order on March 15, 2013 (the "March Order")
from the Court of Queen's Bench of Alberta (the "Court") extending the stay of
proceedings granted to FairWest under the Companies' Creditors Arrangement Act
("CCAA") to March 19, 2013. The Company is petitioning the court for an
extension to April 26, 2013.

Additional information is available on the Monitor's website, www.pwc.com/car-fec. 

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.


READER ADVISORY

This news release may contain certain forward-looking statements, including, but
not limited to, management's assessment of future plans and operations and the
Company's default under the Series 1 and Series 2 Debentures. Such statements
involve substantial known and unknown risks and uncertainties, certain of which
are beyond the Company's control. Such risks and uncertainties include, without
limitation, risks associated with oil and gas exploration, development,
exploitation, production, marketing and transportation, loss of markets,
volatility of commodity prices, currency fluctuations, imprecision of reserve
estimates, environmental risks, competition from other producers, inability to
retain drilling rigs and other services, delays resulting from or inability to
obtain required regulatory approvals and ability to access sufficient capital
from internal and external sources, the impact of general economic conditions in
Canada, the United States and overseas, industry conditions, changes in laws and
regulations (including the adoption of new environmental laws and regulations)
and changes in how they are interpreted and enforced, increased competition, the
lack of availability of qualified personnel or management, fluctuations in
foreign exchange or interest rates, stock market volatility and market
valuations of companies with respect to announced transactions and the final
valuations thereof and obtaining required approvals of regulatory authorities.
The Company's actual results, performance or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any
of them do so, what benefits, including the amount of proceeds, that the Company
will derive therefrom. Readers are cautioned that the foregoing list of factors
is not exhaustive. All subsequent forward-looking statements, whether written or
oral, attributable to the Company or persons acting on its behalf are expressly
qualified in their entirety by these cautionary statements. Furthermore, the
forward-looking statements contained in this news release are made as at the
date of this news release and the Company does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
may be required by applicable securities laws.


319,654,775 Common Shares Issued

FOR FURTHER INFORMATION PLEASE CONTACT: 
FairWest Energy Corporation
Douglas O. McNichol
President and Chief Operating Officer
[phone]
[phone] (FAX)
[e-mail]


FairWest Energy Corporation
Marion D. Mackie
Chief Financial Officer
[phone]
[phone] (FAX)
[e-mail]