Published:
Ameriwest Energy Accepts Additional Geary Prospect Land Acquisition Offer

Ameriwest Energy Corp. (OTCBB: AWEC)
("Ameriwest" or the "Company") wishes to announce that it has formally
advised Muddy Mineral Exploration, LLC of Casper, Wyoming of its intent to
exercise its right to purchase certain oil and gas mineral leases adjoining
Ameriwest's recent Geary Prospect acquisition.
Muddy Mineral Exploration, LLC ("Muddy Mineral") has presented the highest
bid in auction to the United States Department of the Interior's Bureau of
Land Management for the purchase of a 10 year Federal mineral lease on
approximately 240 acres of land mainly located within the Area of Mutual
Interest ("AMI") identified as the Geary Prospect lands located in Natrona
and Converse Counties, Wyoming.
Muddy Mineral had extended an offer of first right of refusal to Ameriwest
on an 80% Net Revenue Interest ("NRI") basis subject to the successful
issuance of the Federal lease. This offer has been accepted by Ameriwest
and upon completion will expand its holding in the Geary Prospect to
approximately 3,040 gross acres.
The Geary Prospect is located in the southwestern portion of the Powder
River Basin with the main objective based on an up-dip continuation of one
of the Dakota sand bars that has already produced in excess of 300,000
barrels of oil from 2 wells. In the immediate area of the Geary Prospect,
millions of barrels of Dakota oil have been produced from fields such as;
Big Muddy, Salt Creek, Cole Creek, South Cole Creek, Burke Ranch, Burke
Ranch East, Glenrock Block A, Midway and Geary Dome.
Full details regarding the agreement will be submitted shortly to the
Securities and Exchange Commission ("SEC") as part of the Company's Form
8-K regulatory filing disclosure.
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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Tags: ,Energy and Utilities:OilandGas, EnergyandUtilities:Pipelines, Environment:NaturalResourceManagement, RealEstateandConstruction:CommercialRealEstate, ,OTCBULLB,OTCBULLB,OTCBULLB,WY,CASPER, WY
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