NWest Energy Corp. Announces Extension of Private Placement

(via Thenewswire.ca)

Dartmouth, NS / TheNewswire / March 6, 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 March 6, 2015 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 April 17, 2015 and closing of the Offering is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

During 2014, the Company granted 500,000 options to two Directors with an exercise price of $0.10 and an expiration date of January 14, 2019. The Company also granted 100,000 options to a consultant at an exercise price of $ 0.10 and an expiration date of March 31, 2019. The Company granted an additional 300,000 options to the three Directors with an exercise price of $0.125 and an expiration of date of July 17, 2019.These stock options were granted pursuant to the Company's stock option plan and subject to the policies 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.

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