ST. JOHN'S, NEWFOUNDLAND--(Marketwire - Oct. 12, 2012) - NWest Energy Corp. ("NWest" or the "Corporation") (News - Market indicators) announces that it has been served with a statement of claim by Geophysical Services Incorporated ("Geophysical") relating to the transfers of exploration licence EL1097R to Shoal Point Energy completed on January 17, 2012 and March 23, 2012. Geophysical is seeking damages of $1,951,811.50. Management believes the claim to be frivolous towards the Corporation and without merit. The Corporation intends to fully defend its interests and take all other actions available to it and will provide a further update once additional information is available.

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The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Corporation's expectations. Certain risk factors may also affect the actual results achieved by the Corporation. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in NWest's disclosure documents on the SEDAR website at www.sedar.com.

There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Corporation undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.