Published: December 03, 2010

FairWest Energy Announces Application to Amend Warrants

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CALGARY, ALBERTA - (Marketwire - Dec. 3, 2010) - FairWest Energy Corporation (TSX VENTURE:FEC) ("FairWest" or the "Company") announces today that it has applied to the TSX Venture Exchange ("TSXV") to amend the term of 6,250,000 common share purchase warrants (the "Warrants") held by an insider of the Company and issued on September 14, 2009 pursuant to a private placement (the "Private Placement") to September 14, 2011. Under the Private Placement 6,250,000 Units ("Units") were issued with each Unit comprised of two common shares issued on a flow-through basis and one warrant. Each Warrant entitled the holder to purchase one (1) flow-through Common Share of the Corporation at an exercise price of $0.10 until December 18, 2010. All other terms and conditions of the Warrants will remain unchanged. Subject to the approval of the TSXV, the new expiry date of the Warrants shall be September 14, 2011.

About FairWest Energy

FairWest (TSX VENTURE:FEC) is a Calgary, Alberta based junior oil and gas company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids in the provinces of Alberta and Saskatchewan.

173,197,332 Common Shares Issued

READER ADVISORY

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. mmackie@fairwestenergy.com