NZ East West Petroleum Announces Termination of Agreement Vancouver, British Columbia: August 4th, 2020 - East West Petroleum Corp. (TSX-V: EW) (East West or the Company) announces it has terminated the agreement regarding the sale of its 30% interest in Petroleum Exploration Permit 54877 and Petroleum Mining Permit 60291 (the Cheal Permits), to an arms length private New Zealand company, on the terms previously announced in a news release of the Company dated June 24, 2019. The ongoing delays and an effective date of April 1, 2019 make the agreement not in the best interests of shareholders. The Company will continue to work to bring value to shareholders from its 30% interest which can include the sale of the working interest.