ComWest Corporate Update

ComWest Enterprise Corp. ("ComWest") (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) is
pleased to advise that the $627,900 invested in July 2007 in third party
asset-backed commercial paper ("ABCP") has finally been repaid in full plus
accrued interest to August 2008 totaling $656,084. The receipt of these
locked-up investments now allows management to pursue more aggressively its
planned strategy to acquire business opportunities with a positive earnings
history.


In addition, the Company has terminated its previously announced negotiations
with Alternative Energy Development Corporation Ltd. (AEDC) to acquire up to a
100% interest in AEDC in exchange for non-voting shares of ComWest.
Notwithstanding the credible endorsements which AEDC has received from reputable
organizations in the field of rural sustainable energy and the worthy nature of
their endeavor, management discontinued negotiations due to ADEC's lack of
historical earnings and likelihood of near-term profitability.


About ComWest

ComWest management has been actively identifying, conducting due diligence on
and negotiating the potential acquisition of several profitable operating
businesses. Deloitte Touche LLP were engaged to assist in this process in early
2008 but to date no acquisitions have been concluded.


COMWEST ENTERPRISE CORP.

Douglas F. Good, Director and CFO

This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future exploration drilling,
exploration activities and events or developments that the Company expects, are
forward looking statements. Although the Company believes the expectations
expressed in 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 forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions.