CWP.A

ComWest Enterprise Corp. (TSX VENTURE: CWP)(TSX VENTURE: CWP.A) (the "Company") is pleased to announce that it has entered into a letter agreement to acquire an interest in a Canadian-based manufacturing business.

The letter agreement is subject to certain conditions, including a due diligence condition in favour of the Company that is expected to be completed by August 2, 2010 and certain waivers and consents to be obtained on the part of the vendor. ComWest will announce further details once these conditions have been satisfied.

As the proposed acquisition would represent a change in business for the Company, the Company understands that trading in the shares of the Company will be halted on the TSX Venture Exchange until the Company has complied with the requirements of the Exchange.

Completion of the transaction is subject to a number of conditions. In addition, as the transaction represents a Change in Business under the policies of the TSX Venture Exchange, the continued listing of the Company's shares is subject to Exchange acceptance of the transaction and disinterested Shareholder approval. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular and/or Filing Statement to be prepared in connection with the transaction, any information released or received with respect to the Change of Business may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

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 Corporation's intention to acquire an operating business. 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 closing of acquisition transactions, dependence on key personnel, competition, risks related to newly acquired businesses, uncertainty, financing risk including dilution or debt service, as well as the risk factors described in the Corporation's Management Discussion and Analysis filed on SEDAR at www.sedar.com, and the risks to be described in any Management Information Circular and/or Filing Statement to be prepared in connection with the transaction. The forward-looking statements contained herein are made as of the date of this Circular 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.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contacts: ComWest Enterprise Corp. Douglas F. Good President 604 484 6628 dgood@telus.net