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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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