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CWP.A

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Share Name Share Symbol Market Type
TSXV:CWP.A TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

ComWest Announces New Director Appointment

05/07/2012 2:00pm

Marketwired Canada


ComWest Enterprise Corp. (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) (the "Company") is
pleased to announce the appointment of Dru Narwani to its board of directors
where he will also serve as a member of the audit committee. Mr. Narwani
replaces Joel McLean who did not stand for re- election at the annual general
meeting held on June 28, 2012. The board wishes to extend its gratitude to Mr.
McLean for his dedicated service as a board and audit committee member since
November 2010.


Mr. Narwani brings an extensive financial background to the ComWest board having
begun his banking career with CIBC on Bay Street, Toronto, and later moved on to
successive senior executive roles with the British banking groups, Barclays and
Standard Chartered. He has worked on Wall Street, in Glasgow and London,
England, India and Thailand. As Deputy Chairman, President and CEO of Standard
Chartered Bank in Bangkok, he had the rare opportunity during the Asian crisis
of 1997 to acquire a large Thai bank for US$314 million and merge it with the
parent British bank.


Over the past decade Mr. Narwani has held a variety of board and senior advisory
positions in public and private companies in the aerospace, banking and
insurance, women's apparel, wireless, steel fabrication and knowledge management
businesses. Today he is a senior advisor and executive coach for a west coast
private company, and a director on four private company boards, two of which he
chairs. He is also an executive mentor for MBA students at University of
Victoria. Dru is a Certified Management Accountant and holds a Bachelor of
Commerce degree.


The board has granted Mr. Narwani 50,000 Class A restricted equity stock options
at $1.11 in accordance with the Company'sstock option plan approved at the
annual meeting of shareholders held on June 28, 2012. The options are for a term
of five years and vest over three years at the rate of one-third (1/3) annually
in arrears. With the cancellation of 33,333 unvested stock options, there are
currently 991,667 stock options outstanding.


ON BEHALF OF THE BOARD

Douglas F. Good, President

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