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October 11, 2012
East West Petroleum To Conduct Normal Course Issuer Bid

Vancouver, British Columbia – East West Petroleum Corp. (the “Company”), wishes to announce that, subject to regulatory approval, it will renew its normal course issuer bid (the “Bid”) upon its expiry on October 14, 2012. The renewed Bid will be for up to 7,433,924 shares of the Company over a period of one year (the “Bid Period”), being 8.97% of Company’s issued and outstanding common shares, with up to 1,657,692 shares of the Company purchasable over any 30-day period within the Bid Period, being 2% of Company’s issued and outstanding common shares. The Bid Period will commence on October 16, 2012 and will continue until the earlier of October 16, 2013 or the date by which the Company has acquired the maximum 7,433,924 shares which may be purchased under the bid.
Purchases will be made through the facilities of the TSX Venture Exchange (the “Exchange”), and the price at which the Company will purchase its shares will be the market price of the shares at the time of acquisition. The Company has appointed Mackie Research Capital Corporation as its broker to conduct normal course issuer bid transactions.
The Company has 82,884,648 common shares issued and outstanding. Common shares purchased by the Company will be returned to treasury for cancellation.
David Sidoo, Chairman
telephone: +1 604 685 9316
fax: +1 604 683 1585

Greg Renwick, President & CEO
telephone: +1 972 955 7251
fax: +1 604 683 1585
Nick DeMare, Director
telephone: +1 604 685 9316
fax: +1 604 683 1585
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 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.