Ameriwest Energy Announces Oil Sale and Purchase Agreement

Ameriwest Energy Corp. (OTCBB: AWEC) ("Ameriwest" or the "Company") is pleased to announce an agreement has been reached with TEPPCO Crude Oil, LLC ("TCO") whereby Ameriwest has agreed to sell and deliver and TCO agrees to purchase and receive crude oil and/or condensate produced from the South Glenrock "C" property. Under the terms and conditions, TCO agrees to pay Ameriwest the Wyoming Sweet Crude Oil Posted Price plus three dollars and eight cents ($3.08) per barrel quality premium.

During the month of June, Ameriwest produced approximately 340 barrels of oil from 5 wells on the South Glenrock "C" oil field at approximately 10-15 barrels of oil per day. The Company plans on completing several work over programs intended to increase production to 35+ BOPD in the coming months.

The South Glenrock "C" field is located in the southwest area of the Powder River Basin where Anadarko Petroleum has successfully implemented a CO2 program on the Salt Creek oil field and is adjacent to the Big Muddy CO2 development project. As part of its development plan, Ameriwest intends on implementing a full CO2 flood on the South Glenrock "C" property. NITEC LLC has projected that production on the South Glenrock "C" property could reach a peak rate of 2,800 BOPD with a full CO2 flood with an incremental 4.9 million standard barrels of oil being produced.

Company President Walter Merschat comments, "We are extremely pleased to share this milestone with our shareholders as this signifies the first revenues earned by the Company. Management is dedicated to increasing the production on the South Glenrock property and looks forward to reaching the ultimate goal of 2,800 barrels of oil per day."

About Ameriwest Energy Corp. (OTCBB: AWEC)

Ameriwest Energy Corp. is a growing, expertly managed energy company focused on producing underdeveloped oil resources in the prolific Rocky Mountain region of the United States. The company is striking a strategic balance between low-risk tertiary recovery projects and extensively mapped exploration plays with significant upside potential. Visit our website at www.ameriwestenergy.com.

Notice Regarding Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding development and exploration activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Ameriwest to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Ameriwest Energy Corp., or any affiliates, has little or no control. Risks, uncertainties and other factors are discussed in documents filed from time to time by Ameriwest with the Securities Exchange Commission. There is no assurance that Ameriwest's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements. Information concerning oil reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

On Behalf of the Board

Ameriwest Energy Corp.
Walter R. Merschat, President

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