NWest Names Interim President and CEO

NWest Energy announced that Robert Webb, NWest's Vice-President Business Development and Operations, has been named interim President and CEO.

The appointment of Mr. Webb as President and CEO is effective February 16, 2009 and follows the resignation of François Gauthier from those positions and as a Director of the Company.

"We respect Francois's desire to move to other opportunities upon completion of our recent seismic program and we thank him for the contributions he has made." said Mr. Webb. "In assuming the roles of CEO and President on an interim basis, I am excited about the opportunity to lead NWest through the next phase of our project in this challenging economic environment. Securing joint-venture exploration partners and seeking new projects will be my top priority."

Mr. Webb joined NWest Energy in June 2008 and was formerly a Director at CIBC World Markets. Working in Calgary and London, he played a role in financing and merger and acquisition transactions with an aggregate value of over $10 billion. Prior to his investment banking career, he provided project management and engineering services with Schlumberger to clients in Indonesia, Vietnam, Russia and the United Kingdom. Mr. Webb has an MBA degree from the University of Toronto's Rotman School of Management and an Engineering degree from Memorial University of Newfoundland.


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