East West Adopts Advance Notice Policy

East West Adopts Advance Notice Policy 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/23/13 -- East West
Petroleum Corp. (TSX VENTURE:EW) (the "Company" or "East West")
announces the approval by its board of directors of an advance notice
policy (the "Policy"). The purpose of the Policy is to (i) facilitate
an orderly and efficient annual general or, where the need arises,
special meeting, process, (ii) ensure that all shareholders receive
adequate notice of the director nominations and sufficient
information regarding all director nominees, and (iii) allow
shareholders to register an informed vote after having been afforded
reasonable time for appropriate deliberation.  
The Policy, among other things, includes a provision that requires
advance notice to the Company in certain circumstances where
nominations of persons for election to the board of directors are
made by shareholders of the Company. The Policy fixes a deadline by
which director nominations must be submitted to the Company prior to
any annual or special meeting of shareholders and sets forth the
information that must be included in the notice to the Company for
the notice to be in proper written form.  
In the case of an annual meeting of shareholders, notice to the
Company must be made not less than 30 days nor more than 65 days
prior to the date of the annual meeting, provided, however, that in
the event that the annual meeting is to be held on a date that is
less than 50 days after the date on which the first public
announcement of the date of the annual meeting was made, notice may
be made not later than the close of business on the 10th day
following such public announcement.  
In the case of a special meeting of shareholders, which is not also
an annual meeting, called for the purpose of electing directors
(whether or not called for other purposes), notice to the Company
must be made not later than the close of business on the 15th day
following the day on which the first public announcement of the date
of the special meeting was made.  
The Policy is in effect as at the date of this news release. Pursuant
to the terms of the Policy, the Company will seek shareholder
ratification of the Policy at its next annual general meeting of
shareholders (the "Meeting") scheduled for June 26, 2013. If the
Policy is not confirmed at the Meeting, the Policy will terminate and
be of no further force and effect following the termination of the
Meeting. The full text of the Policy is available under the Company's
profile at www.sedar.com and on the Company's website
www.eastwestpetroleum.ca or upon request by contacting the Company at
#1210 - 1095 W. Pender Street, Vancouver, BC, V6E 2M6, telephone
About East West Petroleum Corp. 
East West Petroleum (http://www.eastwestpetroleum.ca) is a TSX
Venture Exchange listed company which was established in 2010 to
invest in emerging unconventional resource plays, leveraging
management's knowledge of international opportunities and
unconventional play technical expertise. In its first 18 months of
operations, the Company has built an attractive platform of assets of
over 1.6 million acres: an oil-prone exploration block of 100,000
acres in the Assam region of India with the three largest exploration
and production Indian firms ONGC, Oil India and GAIL; four
exploration concessions covering 1,000,000 acres in the prolific
Pannonian Basin of western Romania with a subsidiary of Russia's
GazpromNeft; a 100% interest in a 500,000 acre exploration block
onshore Morocco with conventional and unconventional potential; three
exploration permits in New Zealand with partner TAG OIL (TAO :TSX)
and a joint venture exploration program covering 5,000 gross acres in
California. The Company is now poised to enter operational phases in
Romania where it will be fully carried by its partner
Gazprom-controlled Naftna Industrija Srbije in a seismic and 12-well
drilling program expected to commence in 2013. The Company expects to
commence drilling operations in New Zealand with up to 9 wells to be
drilled in 2013. The Company is well funded to cover all anticipated
seismic and drilling operations through 2013. 
Forward-looking Statement 
This press release contains "forward-looking information" that is
based on the Company's current expectations, estimates, forecasts and
projections. This forward-looking information includes, among other
things, statements with respect to the Company's plans, outlook,
business strategy and exploration and development of the Company's
properties. The words "may", "would", "could", "should", "will",
"likely", "expect", "anticipate", "intend", "estimate", "plan",
"forecast", "project" and "believe" or other similar words and
phrases are intended to identify forward-looking information. 
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not
limited to: the ability to raise sufficient capital to fund
exploration and development; the quantity of and future net revenues
from the Company's reserves; oil and natural gas production levels;
commodity prices, foreign currency exchange rates and interest rates;
capital expenditure programs and other expenditures; supply and
demand for oil and natural gas; schedules and timing of certain
projects and the Company's strategy for growth; competitive
conditions; the Company's future operating and financial results; and
treatment under governmental and other regulatory regimes and tax,
environmental and other laws.  
This list is not exhaustive of the factors that may affect our
forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on
such forward-looking information. The Company disclaims any intention
or obligation to update or revise forward-looking information,
whether as a result of new information, future events or otherwise. 
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. 
East West Petroleum Corp.
David Sidoo
+1 604 682 1558
+1 604 682 1568 (FAX) 
East West Petroleum Corp.
Greg Renwick
President & CEO
+1 972 955 7251
+1 604 683 1585 (FAX)
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