NWest Energy Announces the Results of AJM Petroleum Consultants Unconventional Resource Estimate for Exploration Licences 1097,

NWest Energy Corp. ("NWest" or the "Company") (TSX VENTURE:NWN), an oil and gas
exploration company with licences offshore western Newfoundland, announces the
results of a resource evaluation of the Company's four Exploration Licences
offshore western Newfoundland carried out by AJM Petroleum Consultants ("AJM"),
Calgary, Alberta. The report was commissioned by NWest to estimate the full
potential of the Unconventional Resources and assist the Company in seeking
Joint Venture partners. The full report will be available on the Company's
webpage (www.nwestenergy.com).


The AJM report summarizes the range of probabilistic estimates of Oil-in-Place
resources within the Late Cambrian to Lower Ordovician age, Cow Head Group of
Formations, specifically the Green Point shale. The Green Point shale is the
proven source rock for the Anticosti Basin onshore and is present in the Humber
Arm allochthonous sedimentary rocks. The evaluation of the unconventional shale
resource by AJM has relied upon experience gained in evaluation of the
unconventional Green Point shale in the Port au Port area of Western
Newfoundland, Canada, as well as other shale oil and gas reservoirs in western
Canada.


NWest holds four exploration licenses covering more than 1.6 million acres that
is partially underlain by the Green Point shale. NWest has been able to use
offshore seismic surveys to interpret the areal extent of a thrust package over
an area of approximately 395,000 acres extending from south to north immediately
adjacent to the shoreline within all four exploration licenses as prospective
for oil in the shallow shales of the Cow Head Group (Green Point Formation). As
such, the unconventional potential may be tested by drilling from onshore
locations into the adjacent offshore area.


All resources in- place for the Green Point shale, within the four evaluated
Exploration Licenses, have been considered Undiscovered due to lack of drilling
and testing of the offshore area. Estimated recoverable resources are therefore
defined as Prospective Resources. The following tables summarize the Unrisked
Estimated Undiscovered Petroleum Initially-in-Place and Estimated Prospective
Resources for oil within the Cow Head Group/Green Point shale horizon, within
Exploration Licences 1097, 1098, 1103 and 1104:





Estimated Undiscovered Petroleum Initially-in-Place (millions of stock tank
barrels - MMstb)

----------------------------------------------------------------------------
                                                    Low      Best      High
                                                 (MMstb)   (MMstb)   (MMstb)
----------------------------------------------------------------------------
1097                                              1,451     3,475     8,324
----------------------------------------------------------------------------
1098                                              2,006     4,808    11,521
----------------------------------------------------------------------------
1103                                              1,974     4,761    11,479
----------------------------------------------------------------------------
1104                                              1,350     3,089     7,070
----------------------------------------------------------------------------
Total                                            11,840    18,841    30,369
----------------------------------------------------------------------------


Estimated Prospective Resources (millions of stock tank barrels - MMstb)

----------------------------------------------------------------------------
                                                    Low      Best      High
                                                 (MMstb)   (MMstb)   (MMstb)
----------------------------------------------------------------------------
1097                                               56.2     141.1     354.6
----------------------------------------------------------------------------
1098                                               77.7     195.3     490.8
----------------------------------------------------------------------------
1103                                               76.5     193.4     488.7
----------------------------------------------------------------------------
1104                                               52.1     125.5     302.4
----------------------------------------------------------------------------
Total                                             478.9     782.3   1,280.2
----------------------------------------------------------------------------



Values may not add due to statistical aggregation methods and rounding.

The consultants have noted the above estimate of remaining recoverable resources
includes prospective resources that have not been adjusted for risk, based on
the chance of discovery or chance of development. If a discovery is made, there
is no certainty that it will be developed or, if it is developed, there is no
certainty as to the timing of such development. Actual recovery is likely to be
less and may be substantially less or zero. The four evaluated offshore blocks
are estimated to contain significant undiscovered resources in-place with
relatively low recovery factors expected (under five percent). Drilling and
testing of wells on these licenses will be required in ordered to reclassify
these resources to the Discovered and Contingent categories. There is no
certainty that it will be commercially viable to produce any portion of the
resources.


In the course of the evaluation, NWest provided AJM with basic information which
included ownership and well information, reservoir and geologic studies. Other
geological data required to conduct the evaluation and upon which the report is
based was obtained from public records, other operators and from AJM
non-confidential files.


NWest will be actively evaluating their joint venture options regarding further
exploration and determination of resource potential. The Green Point
unconventional resource exploration program is at an early stage; significant
work is required to determine the potential for commercially viable resource
recovery.


The Company's four Exploration Licences are in good standing until January 15,
2012. All of the licences are eligible for Period II extensions for those
licences upon which a well is drilled. These wells may consist of onshore to
offshore drilling to test near shore targets. The Company faces many constraints
to advance this project which include Exploration Licence expiry deadlines,
environmental approvals, financing, joint venture partner interest and equipment
availability.


We Seek Safe Harbour.

About NWest Energy

NWest Energy is a Canadian junior oil and gas company exploring off the west
coast of Newfoundland and Labrador. NWest holds approximately 1.6 million acres
of prospective frontier property in the Anticosti basin in a geologically
favourable environment for exploration. Further information regarding the
Company and its exploration licences is available at www.nwestenergy.com.


- Undiscovered Petroleum Initially-In-Place (equivalent to undiscovered
resources) is that quantity of petroleum that is estimated, on a given date, to
be contained in accumulations yet to be discovered.


- Prospective Resources are those quantities of petroleum estimated, as of a
given date, to be potentially recoverable from undiscovered accumulations by
application of future development projects. Prospective resources have both an
associated chance of discovery and a chance of development. Prospective
Resources are further subdivided in accordance with the level of certainty
associated with recoverable estimates assuming their discovery and development
and may be sub-classified based on project maturity.


- The resource numbers are categorized as "Low", "Best" and "High" high
estimates, which are the result of probability analysis to capture the
uncertainty inherent in reservoir parameters. In the case of Low Estimate, these
should be at least a 90% probability (P90) that the qualities actually recovered
will equal or exceed the estimate. In the Best Estimate, there should be at
least a 50% probability that the qualities actually recovered will equal or
exceed the estimate. Similarly, in the case of the High Estimate, there should
be at least a 10% probability (P10) that the qualities actually recovered will
equal or exceed the estimate. As defined by the Canadian Oil and Gas Evaluation
Handbook, the P50 estimate is the "best estimate" for reporting purposes.


Cautions:

AJM cautions that their report contains forward looking statements. Information
concerning resources may also be forward looking, as estimates imply that the
resources described can be profitably produced in the future. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause the actual results to differ from those
anticipated. These risks include, but are not limited to: the underlying risks
of the oil and gas industry (i.e. operational risks in development, exploration
and production; potential delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of resources
estimates; the uncertainty of estimates and projections relating to costs and
expenses, political and environmental factors) and commodity price and exchange
rate fluctuation.


Recommendation:

For greater understanding, it is recommended that the AJM report be read in its
entirety. As stated above it may be accessed on the Company website
(www.nwestenergy.com).


Forward Looking Statements

This press release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as "forward-looking
statements") within the meaning of Canadian securities laws. All statements
other than statements of historical fact are forward-looking statements.
Forward-looking information typically contains statements with words such as
"anticipate", "believe", "plan", "continuous", "estimate", "expect", "may",
"will", "project", "should", or similar words suggesting future outcomes . In
particular, this press release contains forward-looking statements pertaining to
the following: the characteristics of the Green Point shale as a potential shale
oil producing formation, further exploration and determination of resource
potential, and optimization of shareholder value from ongoing programs.


Undue reliance should not be placed on forward-looking statements, which are
inherently uncertain, are based on estimates and assumptions, and are subject to
known and unknown risks and uncertainties (both general and specific) that
contribute to the possibility that the future events or circumstances
contemplated by the forward-looking statements will not occur. These factors
include, but are not limited to: risks associated with oil and gas exploration,
financial risks, substantial capital requirements, bank financing, government
regulation, environmental, prices, markets and marketing, variations in exchange
rates and hedging. Further information regarding these factors may be found
under the headings "Financial Risk Factors" and "Business Risks" in NWest's most
recent management's discussion and analysis. Readers are cautioned that the
foregoing list of factors that may affect future results is not exhaustive.
There can be no assurance that the plans, intentions or expectations upon which
forward-looking statements are based will in fact be realized. Actual results
will differ, and the difference may be material and adverse to NWest and their
respective shareholders.


Forward-looking statements are based on NWest's current beliefs as well as
assumptions made by, and information currently available to, NWest concerning
anticipated financial performance, business prospects, strategies, regulatory
developments, future natural gas and oil commodity prices, exchange rates,
future production levels, the ability to obtain equipment in a timely manner to
carry out exploration and development activities, the ability to market any
future production successfully to new customers, the impact of increasing
competition, the ability to obtain financing on acceptable terms, and the
ability to add production and reserves through exploration and development
activities. Although management considers these assumptions to be reasonable
based on information currently available to it, they may prove to be incorrect.
The forward-looking statements contained in this press release are made as of
the date hereof and NWest does not undertake any obligation to update publicly
or to revise any of the included forward-looking statements, except as required
by applicable law. The forward-looking statements contained herein are made as
at the date hereof and are expressly qualified by this cautionary statement.