NWest Energy Corp. Announces Further Extension of Private Placement

DARTMOUTH, NS / ACCESSWIRE / April 21, 2015 / NWest Energy Corp. (“NWest” or the “Company”) (TSX-V: NWN) announces that it has extended the closing of its non-brokered private placement offering (the “Offering”), announced on February 6, 2015, from April 17, 2015 to May 1, 2015. It was originally anticipated that the Offering would close on or about March 6, 2015, however on March 6, 2015, the Company announced that the closing of the Offering was extended to April 17, 2015.

Pursuant to the Offering, the Company will sell up to 10,000,000 units of the Company at a price of $0.10 per unit for gross proceeds of up to $1,000,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of $0.15 per common share at any time on or before the 24-month anniversary of the closing of the Offering.

Net proceeds from the funds raised will be used to pursue new opportunities/acquisition and for general corporate and working capital needs of the Company. All shares and warrants are subject to a four-month hold period.

The Offering is scheduled to close on May 1, 2015 and closing of the Offering is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

About NWest Energy Corp.

Further information regarding the Company is available at www.nwestenergy.com.

This news release may contain “forward-looking information” as defined in applicable Canadian securities legislation. All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of NWest, constitute forward-looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, general economic and market conditions. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from NWest’s expectations include general global economic conditions. For additional information with respect to risk factors applicable to NWest, reference should be made to NWest’s continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, NWest’s Management’s Discussion and Analysis For the Year Ended September 30, 2014. The forward-looking information contained in this release is made as of the date of this release and NWest does not undertake to update publicly or revise the forward-looking information contained in this release, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

For further information:

Kevin Aylward B. Comm President & CEO
(902) 405 – 4751
(709) 693-0080 cell
kaylward@nwestenergy.com

Bill Fleming
Chief Financial Officer
(902) 405 – 4751

SOURCE: NWest Energy Corp.

ReleaseID: 428035