Ameriwest Energy Announces Oil Sale and Purchase Agreement

CASPER, WY, Jul 18 (MARKET WIRE) --
Ameriwest Energy Corp. (OTCBB: AWEC) ("Ameriwest" or the "Company") is
pleased to announce an agreement has been reached with TEPPCO Crude Oil,
LLC ("TCO") whereby Ameriwest has agreed to sell and deliver and TCO
agrees to purchase and receive crude oil and/or condensate produced from
the South Glenrock "C" property. Under the terms and conditions, TCO
agrees to pay Ameriwest the Wyoming Sweet Crude Oil Posted Price plus
three dollars and eight cents ($3.08) per barrel quality premium.

During the month of June, Ameriwest produced approximately 340 barrels of
oil from 5 wells on the South Glenrock "C" oil field at approximately
10-15 barrels of oil per day. The Company plans on completing several work
over programs intended to increase production to 35+ BOPD in the coming
months.

The South Glenrock "C" field is located in the southwest area of the
Powder River Basin where Anadarko Petroleum has successfully implemented
a CO2 program on the Salt Creek oil field and is adjacent to the Big
Muddy CO2 development project. As part of its development plan, Ameriwest
intends on implementing a full CO2 flood on the South Glenrock "C"
property. NITEC LLC has projected that production on the South Glenrock
"C" property could reach a peak rate of 2,800 BOPD with a full CO2 flood
with an incremental 4.9 million standard barrels of oil being produced.

Company President Walter Merschat comments, "We are extremely pleased to
share this milestone with our shareholders as this signifies the first
revenues earned by the Company. Management is dedicated to increasing the
production on the South Glenrock property and looks forward to reaching
the ultimate goal of 2,800 barrels of oil per day."

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

Investor Relations Contact:
Great Northwest Investor Relations, Inc.
1-888-697-4712
Visit our website at www.ameriwestenergy.com

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