Mr. Nick DeMare reports

EAST WEST PETROLEUM ANNOUNCES SALE OF NEW ZEALAND OIL & GAS PROPERTIES

Further to East West Petroleum Corp.'s news releases dated Nov. 1 and Dec. 15, 2023, the company and purchaser have finalized and signed the definitive agreement for the sale of the company's oil and gas interests in New Zealand.

A refundable deposit of $250,000 (U.S.) will now be paid by the purchaser. The sale is subject to receipt of all necessary New Zealand government approvals and the process to obtain such approvals is now under way. Further updates will be provided but the approval process will take some time.