ComWest Announces Investment in Organic Dye and Fiber Technology

ComWest Enterprise Corp. (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) (the "Company") is
pleased to announce that it has made an initial equity investment of US$1
million in a private corporation ("Ploughboy"), based in Raleigh, North
Carolina, operating under the trade name Ploughboy Organics(tm). Ploughboy is
the owner of a patent pending technology developed by its founder and CEO,
Suzanne DeVall, which can convert the tobacco plant into dyes, fibers, textiles
and other products with minimal environmental impact. The Ploughboy technology
opens up an opportunity for the tobacco plant, which has never before been used
to produce fiber or dyes, to become a new global and renewable raw material
resource.


The textile industry is in need of alternative sources of dyes and fibers which
are sustainable, organic and non-toxic. Eco-friendly products continue to be a
key growth driver for the dye and textile industry, highlighted in many reports
and by research groups internationally. Analysts, Inc. has said the global
market for textile dyes alone is projected to reach US$5.5 billion by the year
2015, driven in part by innovative eco-friendly dyes and chemicals, and
resurgence in post-recession demands. Cotton is still the fiber of choice, with
global sales of "organic" cotton apparel and home textile products reaching an
estimated US$4.3 billion in 2009 - a 35% increase over 2008. Environmentally
conscious consumers, businesses and governments want innovative textile and
apparel products that meet their expectations for fashion and performance from
sustainable, natural, eco-friendly "green" materials. The unique properties of
the tobacco plant and its ability to be grown in a certified organic manner,
allows the plant to be used in its entirety to produce fiber and dyes with
minimal environmental impact and waste. Additionally, it is naturally
antimicrobial and produces natural, beautiful organic dyes creating the
opportunity to develop truly certified organic clothing that encompasses both
the dying as well as the production of fibers that can be blended with cotton,
wool, silk and cashmere.


With the assistance of research performed at North Carolina State University,
the Ploughboy technology has achieved the proof of concept stage with respect to
the production capability for organic dyes and fibers. Pre-commercial production
of dye concentrate is expected to be in place by this summer, allowing Ploughboy
to produce sample dye orders to major retail brands and textile manufacturers
and be in a position to expand its reach and capacity through license agreements
with major dye houses in North America and abroad.


The World Bank estimates that 17-20 percent of industrial water pollution comes
from textile coloration and treatment. The Ploughboy innovation could have a
positive impact on this worldwide environmental problem since the tobacco plant
can be grown in most agricultural regions of the world as a fiber and dye
resource with the potential to support and revive depressed agricultural
communities and bring processing and manufacturing jobs to the region.


ABOUT COMWEST:

ComWest is a profitable dividend paying corporation that has operated in the
garment industry since its acquisition of Peerless Garments LP in August 2010.
Peerless has been in operation out of its Winnipeg, Manitoba, facility for over
70 years and over the past three decades has been a leading supplier of garments
and related accessories to the Department of National Defense, the RCMP and
other governmental and retail institutions who are showing significant interest
in fostering green sustainable products. ComWest is hopeful that its investment
and support of Ploughboy will eventually assist in strengthening the
agricultural industries in North America and foster a paradigm shift to the
re-domestication of the textile and dye industries through the transitioning of
tobacco farming into the production of sustainable organic fibers, dyes and
other byproducts.


Under the terms of the investment arrangement, ComWest has committed to invest
US$2 million in the form of a series of convertible preferred share investments
carrying an 8% cumulative dividend. In addition, ComWest has the option to
increase its equity interest in Ploughboy to approximately 50% and (subject to
certain regulatory, shareholder and board approvals) after eighteen months
acquire a 100% ownership of Ploughboy through a share exchange at relative
valuations to be determined at that time.


On behalf of the Board

Douglas F. Good, President

Forward-Looking Statements

This news release contains forward-looking statements regarding the future
success of the business of the Company that is subject to risk and
uncertainties. Examples of such forward-looking statements including, but are
not limited to, statements concerning the impact of our investment in Ploughboy,
our expectation regarding further investment in Ploughboy, the opportunities for
the tobacco plant to become a raw material resource and our expectations
regarding Ploughboy's timing for pre-commercial production. These
forward-looking statements involve known and unknown risk and uncertainties that
may cause the Company's actual results, performance or achievements to be
materially different from any future results, performance or achievements
expressed or implied in these forward-looking statements. These risks include
risks related to dependence on key personnel, competition, risks related to
newly acquired businesses, uncertainty and dilution of additional financing and
ability to service debt, as well as the risk factors described in the
Corporation's Management Discussion and Analysis filed on SEDAR at
www.sedar.com. The forward-looking statements contained herein are made as of
the date of this news release and are expressly qualified in their entirety by
this cautionary statement. Except as required by law, the Company undertakes no
obligation to publicly update or revise any such forward-looking statements to
reflect any change in its expectations or in events, conditions or circumstances
on which any such forward-looking statements may be based, or that may affect
the likelihood that actual results will differ from those set forth in the
forward-looking statements.