CWP

ComWest Enterprise Corp. (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) (the "Company")
announces that the Company is proceeding with a non-brokered private placement
of up to 1,000,000 units at a price of $0.20 per unit for gross proceeds of up
to $200,000. Each unit will consist of one Class B common share in the capital
of the Company and one share purchase warrant (a "Warrant"). Each Warrant
entitles the holder to purchase one Class A restricted equity share over a
two-year period, at a price of $0.20 per share. A majority of the placement may
be acquired by insiders of the Company.


The net proceeds from the private placement will be used to finance the
estimated $125,000 in out-of-pocket costs of the recent consolidation and for
general working capital purposes.


Pursuant to the Company's stock option plan, the Company has granted directors
and officers options to purchase 200,000 Class A restricted equity shares. The
options are for a five (5) year term exercisable at a price of $0.20 per share.


The private placement and the stock options are subject to TSX Venture Exchange
approval.


ON BEHALF OF THE BOARD

Douglas F. Good, President

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