Ticker: EW (TSX-V)

VANCOUVER, Oct. 6, 2011 /PRNewswire/ – East West Petroleum Corp. (the “Company” or “East West”) is pleased to announce the Company has acquired an interest in a large
prospective exploration block onshore Morocco. The Petroleum Agreement
was signed with the Office National des Hydrocarbures et des Mines
(“ONHYM”) in Rabat, the country’s capital city.

The 1997 sq. km. (approx. 500,000 acres) Doukkala Block is situated
along the Atlantic coast approximately 125 km. southwest from the city
of Casablanca. Under the Petroleum Agreement, East West will partner
with ONHYM to explore for oil and gas over an 8 year period. The
Company will retain a 75% participation interest in the block and
operatorship, with ONHYM retaining a 25% participation interest.

The Company will carry out regional geological studies, seismic
acquisition and reprocessing, followed by exploratory drilling. Both
conventional and unconventional oil plays have been identified on the
acreage. Two wells previously drilled on the Block encountered
numerous hydrocarbon shows in the Devonian shale section. The Doukkala
Block represents East West’s first operated program. The Company is
reviewing other opportunities in the country.

Mr. Greg Renwick, President and CEO, commented “the Doukkala Block award
represents the Company’s first entry into Morocco and we look forward
to working with our new partner ONHYM in pursuing both conventional and
unconventional resource plays. ONHYM is a knowledgeable partner which
brings many years of experience working in this area”

Mr. Wak Kani, Advisory Board Member of Company commented “Previous
drilling on the Doukkala Block demonstrates the presence of hydrocarbon
shows in a thick Devonian shale section over a depth range of 1500 to
3000 meters. The Devonian section in Doukkala is of similar age and
geology to the emerging unconventional Marcellus shale play in the
eastern US.”

Morocco has been attracting more industry attention recently due to the
presence of a number of basins which demonstrate the potential to
contain unconventional shale resource plays. Recently, companies such
as Anadarko and EOG have taken positions in the country. The fiscal
terms offered by the Government of Morocco rank amongst the best in the
world.

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 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.

SOURCE East West Petroleum Corp.