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November 8, 2010
East West Petroleum Announces Partnership Agreement With Kuwait Energy Company

Vancouver, Canada – East West Petroleum Corp. (“East West” or the “Company”) (TSXV: EW) - is pleased to announce that the Company has entered into an agreement with Kuwait Energy Company ("Kuwait Energy") for the application of emerging unconventional oil and gas technologies to multiple exploration and producing concessions held by Kuwait Energy in the Middle East, North Africa and Eurasia regions.
 
Under the terms of this agreement, East West will share its unconventional technological resources and expertise with Kuwait Energy to identify unconventional and conventional reservoir targets where the application of these technologies can add new unconventional reservoir production, enhance production rates and total petroleum recovery from existing conventional producing intervals. 
 
The purpose of the agreement is to identify unconventional resource plays such as shale gas, shale oil and tight gas sands for future development. Technical studies will include comprehensive rock and formation analyses, state-of-the-art drilling design and modern reservoir fracturing applications for select unconventional and conventional reservoirs. The agreement covers a total of 13 exploration and production licenses across 4 countries in which Kuwait Energy holds exploration and production participation interests. Total gross acreage covered under the agreement is over 21,000 sq. km. (5,000,000 acres).
 
Under the terms of this agreement, East West will have the exclusive right to negotiate to acquire equity-sharing arrangements in the acreage evaluated, to include both unconventional and conventional reservoirs where new and enhanced petroleum reserves are identified.
 
Commenting on the agreement, Greg Renwick, President and CEO of East West said: “this agreement provides a platform for our two companies to build an important technical and commercial relationship based on the application of emerging unconventional resource play technologies now being applied in North America to some of the most prolific source rock areas of the world held by Kuwait Energy”.
 
Also commenting on the agreement, Kuwait Energy Deputy Chairman and CEO, Sara Akbar, said: “with this partnership, we now have the potential of more growth opportunities within our current assets, enabling us to venture into unconventional resource exploration plays.  We look forward to working with East West Petroleum Corp.”
 
East West is a rapidly-growing Canadian-based exploration and production company which is pursuing commercial development of unconventional and conventional petroleum resources globally.
 
Headquartered in Kuwait, Kuwait Energy is one of the few independent oil and gas exploration and production companies operating in the Middle East. The company has been profitable since inception in 2005 and currently operates in Egypt, Yemen, Oman, Ukraine, Latvia, Russia, and Pakistan. Kuwait Energy’s proven and probable reserves at year end 2009 were 51.2 million barrels of oil equivalent and its current production is ~14,000 barrels of oil equivalent per day.
 
CONTACT
 
Greg Renwick, President & CEO
telephone: +1-972-955-7251
fax: +1-604-683-1585
website: www.eastwestpetroleum.ca

Nick DeMare, Director
telephone: +1-604-685-9316
fax: +1-604-683-1585   
 
ABOUT EAST WEST PETROLEUM CORP.
 
East West Petroleum Corp. trades on the TSX Venture Exchange under the symbol EW. East West is an emerging exploration and production company focused on conventional and unconventional petroleum resources.
 
Neither 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.