West Isle Energy Inc. Announces Non-Brokered Private Placement and Operations Update

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES


West Isle Energy Inc. ("West Isle") (CNSX:WEI) announces that it has completed
an arm's length, non-brokered private placement financing of $199,950 by the
issuance of 1,333,000 units ("Non-brokered Units") at $.15 each where each
Non-brokered Unit is comprised of one Common Share and one half of a warrant
("Non-brokered Warrant") and a full Non-brokered Warrant entitles the holder to
purchase one additional Common Share at the price of $0.25 each. The exercise
period for the Non-brokered Warrants is 18 months from the date of issuance,
subject to a shortened expiry period in the event the Common Shares of West Isle
trade at or above $0.40 each for more than 20 consecutive days. The proceeds
will be used to pay outstanding accounts of the Corporation and costs to
complete the Reto acquisition referred to in the Corporation's news release of
April 18, 2012.


Operations Update:

Provost Alberta- West Isle as operator has re-equipped its oil wellat
102/07-033-39-2W4M and it is now on-stream. Production is 7 barrels of oilper
day and West Isle has a 30%WI. The well was shut in for the past two yearsuntil
contracts and joint venture issues could be resolved in order to enhance
theprofitability of the well. West Isle plans to complete its offsetting Water
disposal well at 9-33 and to shoot a 3D seismic survey over this discovery prior
to drilling further wells. 


Evi, Alberta- West Isle hasparticipated in the drilling and casing of an eighth
oil well in the Evi area of northern Alberta. The new well was
successfullycompleted and tested and placed on production effectiveMarch 2011.
This is the eighth oil well for WEI et al in Evi and the second Eviwell placed
on stream this quarter. Previous West Isle et alEviwells are producing from the
GraniteWash or Slave Point formations and initial production ranges from 30bopd
to250bopd. West Isle has a 3.1% working interest in this project.


For more information about West Isle visit the website www.westisleenergy.com,
the Listings Disclosure Hall at www.cnsx.ca or on SEDAR at www.sedar.com.


This release includes certain statements that may be deemed "forward looking
statements". All statements in this release, other than statements of historical
facts, which address future activities including the closing of the financing,
exploration drilling and activity, and events or developments that the
Corporation intends, plans, anticipates, believes, estimates or expects are
forward looking statements. Actual results may differ materially. Although the
Corporation believes such forward looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward looking
statements. Factors that could cause results to differ materially from those in
the forward looking statements include, but are not limited to: market
conditions and difficulties of raising funds in the economic environment,
availability and costing of exploration contractors; exploration success;
continued availability of capital government regulations, laws and charges;
environmental developments; exploitation economics; and generally the economic,
market, financial and business conditions in the present volatile and uncertain
economic period. Investors are cautioned that any statements are not guarantees
of future performance and actual results or developments may differ materially
from those stated in the forward looking statements. The Corporation does not
intend, and does not assume any obligation, to update these forward-looking
statements to reflect events or circumstances after the date hereof. More
detailed information about potential factors that could affect financial results
is included in the documents filed from time to time with the Canadian
securities regulatory authorities by West Isle. This news release shall not
constitute an offer to sell or the solicitation of any offer to buy securities
in any jurisdiction.