EW East West Petroleum Corp

East West Petroleum Corp. (TSX VENTURE:EW) (the "Company"), is pleased to
provide the following update on its operations in New Zealand.


As reported by East West's partner in New Zealand, TAG Oil Ltd. ("TAG") in its
quarterly update, the Cheal E-1 well has completed five days of its 15 day
production test. To date the well has tested with an average production rate of
600 boepd (94% oil) with a naturally flowing tubing head pressure of
approximately 600 psi. The well has been restricted with a 1/4" choke until
further oil storage facilities are added to the site, following greater than
anticipated initial flush production rates.


The Cheal E-1 to E-3 wells have now been drilled and completed and the E-4 well
is currently drilling. To ensure reliable production forecasting on future wells
in this emerging Urenui/Mt. Messenger play, the Cheal E site wells will be
initially tested individually, with each well flowing for approximately 15 days,
and then shut in temporarily to conduct pressure and temperature analysis.
During this shut-in period, the next well will be placed on a 15-day production
test until all new wells at the site have been individually tested and proper
build-up analysis completed. Production infrastructure has been completed on the
Cheal E site, which will allow all of these wells, and the E-5 well which will
be drilled following E-4, to be immediately placed onto permanent production
following testing. 


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 program, operated by TAG Oil
Ltd. (TSX:TAO), 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 8,200 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. 


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
Chairman
+1 604 682 1558
+1 604 682 1568 (FAX)
www.eastwestpetroleum.ca

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