EW East West Petroleum Corp

David Sidoo, President and CEO of East West Petroleum Corp. (TSX VENTURE:EW)
(the "Company" or "East West"), is pleased to provide the following operations
update on the ongoing nine well exploration drilling program in the Taranaki
Basin of New Zealand with joint venture partner and operator, TAG Oil Ltd.
("TAG").


The Company has been informed by TAG that the Cheal-E2 well located in the Cheal
North exploration permit has reached total depth of 2,198 meters, and that the
operation was completed on time and on budget. TAG also reported that well logs
from the Cheal-E2 well indicated hydrocarbon bearing strata was encountered
within the Urenui and Mt. Messenger formations supporting the decision to
complete and production test the well.


Production testing of the Cheal-E-2 well, as well as the Cheal-E-1 well, which
well logs also indicated the presence of hydrocarbon bearing strata in the
Urenui and Mt Messenger formations, is expected to commence in mid-October.


The Nova-1 drilling rig will now be used to drill the Cheal-E-3 well, which will
test an additional identified Urenui and Mt. Messenger prospects within the
Cheal North permit.


Additional information on East West's Taranaki exploration program can be found
in the Company's press release dated August 19th.


About East West Petroleum Corp.

East West Petroleum (http://www.eastwestpetroleum.ca) is a TSX Venture Exchange
listed company established in 2010 to invest in international oil & gas
opportunities. East West has built a diverse platform of attractive exploration
assets covering an area over 1.6 million acres. In New Zealand, East West holds
an interest in three exploration permits near to existing commercial production
in the Taranaki Basin with a nine well drilling campaign, operated by TAG Oil
Ltd. (TSX:TAO), is in progress. The Company also interests in four exploration
concessions covering 1,000,000 acres in the prolific Pannonian Basin of western
Romania with a subsidiary of Russia's GazpromNeft; a joint venture exploration
program covering 8,000 gross acres in the San Joaquin Basin of California; an
oil-prone exploration block of 100,000 acres in the Assam region of India with
the three largest exploration and production Indian firms ONGC, Oil India and
GAIL; and a 100% interest in a 500,000 acre exploration block onshore Morocco.
The Company is now poised to enter operational phases in Romania, where it will
be fully carried by its partner Gazprom-controlled Naftna Industrija Srbije in a
seismic and 12-well drilling program now underway. The Company has adequate
funds to cover all anticipated seismic and exploratory drilling operations
through 2013.


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the Company's actual results, level of
activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Such factors include,
but are not limited to: the ability to raise sufficient capital to fund
exploration and development; the quantity of and future net revenues from the
Company's reserves; oil and natural gas production levels; commodity prices,
foreign currency exchange rates and interest rates; capital expenditure programs
and other expenditures; supply and demand for oil and natural gas; schedules and
timing of certain projects and the Company's strategy for growth; competitive
conditions; the Company's future operating and financial results; and treatment
under governmental and other regulatory regimes and tax, environmental and other
laws.


Prospective Resources are those quantities of petroleum estimated, as of a given
date, to be potentially recoverable from undiscovered accumulations by
application of future development projects. Prospective resources have both an
associated chance of discovery and a chance of development. Prospective
Resources are further subdivided in accordance with the level of certainty
associated with recoverable estimates assuming their discovery and development
and may be subclassified based on project maturity. Best estimate resources are
considered to be the best estimate of the quantity that will actually be
recovered from the accumulation. If probabilistic methods are used, this term is
a measure of central tendency of the uncertainty distribution (most likely/mode,
P50/median, or arithmetic average/mean). As estimates, there is no certainty
that any portion of the resources will be discovered. If discovered, there is no
certainty that it will be commercially viable to produce any portion of the
resources that the estimated reserves or resources will be recovered or
produced.


This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking information. The Company
disclaims any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events or otherwise.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
East West Petroleum Corp.
David Sidoo
President and CEO
+1 604 682 1558
+1 604 682 1568 (FAX)
www.eastwestpetroleum.ca

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