BEA Belmont Resources Inc

East West Petroleum Corp. (the "Company" or "East West Petroleum") (TSX
VENTURE:EW) is pleased to provide a 2011 drilling and operations update for the
Burg El Arab concession ("BEA"), located in the Western Desert of Egypt. 


Gross production from BEA is approximately 500 barrels of oil per day ("bopd")
and the 2011 work programme is designed to delineate the reservoirs and to
treble production to 1400 bopd during the year. Gaffeny Cline, an independent
engineering firm, has been retained to complete a NI 51-101 compliant report for
the BEA field. A final report is expected early next month.


Operationally three development wells, BEA 8, 9 and 10 are planned to commence
drilling in May, to develop oil accumulations in the Abu Roash G dolomite
formation and the deeper Bahariya clastics section. The development wells will
also evaluate the deeper Al Amaine dolomite formation where oil has previously
been encountered. There will also be a six-well workover program during 2011 to
increase and accelerate field production. In addition one exploration well will
be drilled during the second half of 2011 to test a separate fault block in the
72 square kilometre BEA development lease.


The total capital expenditure programme for 2011 is US$26.1 million, (US$5.2
million net to East West). This includes the above well programme and the
construction of 4" field production pipelines,a 6" shipping pipeline from the
BEA facilities to the Western Desert Petroleum Company crude collection station
and construction of a storage tank at the Al Hamra port. 


Management would like to emphasize that speaking with their partner, Kuwait
Energy that they have been informed that operations in Egypt have not been
affected and there has been no impact on production from BEA; though there have
been some operational delays in moving drilling equipment to the site. 


East West Petroleum and its partners are evaluating the feasibility of
co-producing the Al Amaine where oil bearing with the Abu Roash G and Barhariya
clastics in the BEA field. Well testing in the new development and exploration
wells will enable evaluation of the impact on production of fracing the vertical
wells and drilling horizontal wells in tighter zones. Other operators in the
western desert have significantly improved production rates and reservoir
recovery factors through reservoir fracturing programs. 


Under the Heads of Agreement with Kuwait Energy, East West, under the guidance
of Dr. Marc Bustin, has commenced an evaluation program of some 5 million acres
currently under licence by Kuwait Energy in Yemen, Ukraine, Egypt and Russia.
The evaluation is focused on both recognition of potential unconventional
resource plays as well the application of unconventional drilling and completion
technologies to optimise production of conventional reservoirs currently under
development or testing by Kuwait Energy. 


Dr. Marc Bustin (Ph.D., P. Geol., FRSC ) is a qualified person and has reviewed
and approved the technical information included in this news release.


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.


Currently the company has assets in Egypt, 1 million acres in Romania and a
Heads of Agreement with Kuwait Energy to study and participate in 5 million
acres in Egypt, Ukraine, Russia and Yemen.


ABOUT KUWAIT ENERGY

Established in Kuwait in August 2005, Kuwait Energy Company is an independent
Oil & Gas Exploration and Production company. Kuwait Energy Company prides
itself as an Oil & Gas company with extensive knowledge of the Middle East
region with outstanding relations with host governments, national oil companies
and international companies that operate in the Middle East. 


Kuwait Energy has a high quality and diverse portfolio of oil and gas assets and
is focused on exploration, production and development of oil and gas reserves in
the MENA and Eurasia regions.


Headquartered in Kuwait, the Company's regional offices include Cairo, Sana'a,
Baghdad, Basra, Ukhta and Kiev, overseeing operations in seven countries namely
Egypt, Yemen, Oman, Ukraine, Latvia, Russia and Pakistan. Our participation
interests range from 15% to 100% across our exploration and producing assets,
providing a balance of risk diversification with significant upside exploration
potential. 


Kuwait Energy is one of the fastest growing, independent, oil and gas
exploration & production companies in the Middle East and has assets in 8
countries; Egypt, Iraq, Yemen, Oman, Ukraine, Latvia, Russia and Pakistan.


In the past five years, Kuwait Energy has demonstrated its ability to grow
production and reserves year on- year and has been profitable since inception.
The Company has increased its operatorship of assets and demonstrated operator
capability, established a qualified and experienced management team and
developed an extensive contact network within regional governments and industry.
The Company has developed and implemented a Health, Safety, Environment and
Social Responsibility (HSESR) policy and processes to meet industry/regulatory
requirements as an international operator of oil & gas fields.

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