Mr. Nick DeMare reports

EAST WEST PETROLEUM ANNOUNCES NAME CHANGE AND CONSOLIDATION

East West Petroleum Corp. intends to change the company's name from East West Petroleum Corp. to East West Minerals Ltd. Concurrently with the name change, the company will be consolidating its common shares on a one-for-10 basis. It is expected that the name change and consolidation will be completed shortly after Sept. 22, 2025, being the ex distribution date of the capital reduction and special distribution discussed in the company's news release of Sept. 11, 2025.

The company currently has 90,485,665 common shares issued and outstanding. Following the proposed share consolidation, the company will have approximately 9,048,566 common shares issued and outstanding prior to rounding for fractional shares. The share consolidation and name change were approved by the board of directors of the company but remain subject to the approval of the TSX Venture Exchange. The company will issue a further news release upon receiving TSX-V approval, announcing the effective date of the name change and consolidation. The company's stock symbol will remain unchanged.

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