OIlsands Quest Inc. (BQI)

[NYBob]

CanWest Petr. Approved on the AMEX -



CanWest Petroleum Corporation receives approval for listing of shares on the American Stock Exchange -



Fri Aug 18, 2006
CanWest Petroleum Corporation receives approval for listing of shares on the American Stock Exchange -
CUSIP# 138 748 108
Trading Symbol: OTC BB CWPC

Calgary, Alberta -- The American Stock Exchange ("Amex")
has approved the application by CanWest Petroleum Corporation
(the "Company") (OTCBB: CWPC) for the listing of the
Company's common stock on Amex under the trading symbol "BQI".

T. Murray Wilson, Executive Chairman of the Board of Directors
of CanWest Petroleum Corporation, said,
"We are very excited about our listing on
the American Stock Exchange.
We hope to benefit from the array of support the Exchange
provides to its listed companies, and to enhance shareholder
value as a result of the listing."

CanWest Petroleum -
has selected AGS Specialist Partners as its specialist.
The Amex listing approval is contingent upon the Company
being in compliance with all applicable listing standards
on the date it begins trading on Amex, and may be
rescinded if the Company is not in compliance with such
standards.
The Company expects to begin trading on Amex on -
Thursday, August 24, 2006.

About CanWest Petroleum

CanWest Petroleum,
a public company incorporated in the State of Colorado,
is engaged in a variety of projects in the oil and gas
industry in Western Canada with an emphasis on oil sands
and oil shale.

Its lead project is an oil sands exploration program being
conducted in the Province of Saskatchewan by its subsidiary,
Oilsands Quest Inc.
To obtain more information on CanWest Petroleum,
visit the Company's web site
http://www.canwestpetroleum.com

About the American Stock Exchange

The American Stock Exchange is the only primary exchange
that offers trading across a full range of equities, options
and exchange traded funds (ETFs), including structured
products and HOLDRSSM.
In addition to its role as a national equities market,
the Amex is the pioneer of the ETF, responsible for bringing
the first domestic product to market in 1993.
Leading the industry in ETF listings, the Amex lists 188 ETFs
to date.
The Amex is also one of the largest options exchanges in
the U.S., trading options on broad-based and sector indexes
as well as domestic and foreign stocks.

Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information contained
herein, the matters discussed in this news release are
forward-looking statements that involve risks and uncertainties,
including but not limited to economic, competitive, governmental
and technological factors affecting the companies' operations,
markets, products and prices, and including other factors
discussed in CanWest Petroleum Corporation's various filings
with the Securities and Exchange Commission.

For more information:

Institutional investors, contact The Buick Group
Toll Free 1-877-748-0914
Office 416-915-0915
Email [e-mail]

Retail investors, contact Hedlin Lauder Investor Relations Ltd.
Toll Free 1-800-299-7823
Office 403-232-6251
Email [e-mail]

http://www.investorshub.com/boards/board.asp?board_id=6668

http://www.investorshub.com/boards/board.asp?board_id=5409

Congratulations to all -
Brgds
Bob