ComWest Enterprise Corp. (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) (the "Company")
announces that it has issued a total of 7,000,000 Class A Restricted Equity
Shares ("Class A Shares") from treasury upon the conversion of all of the
outstanding convertible 8% cumulative preferred shares of the Company. In
accordance with the share rights attached to the preferred shares, each
preferred share was converted into 7 Class A Shares. Following the issuance of
Class A Shares, there are now 8,084,301 Class A Shares, 2,256,898 Class B Voting
Common Shares and no preferred shares outstanding.


ON BEHALF OF THE BOARD 

Douglas F. Good, President