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NYBob

08/25/06 4:05 PM

#44 RE: NYBob #43

CanWest Petroleum Corporation Announces Listing -
on the American Stock Exchange -


CanWest Petroleum Corporation Announces Listing -
on the American Stock Exchange -
CanWest Petroleum Corporation -
(AMEX: BQI) announces today that its common stock will
begin trading this morning on the American Stock Exchange
("Amex") under the trading symbol "BQI".
The company selected AGS Specialist Partners as its
specialist.


"We anticipate that our listing on
the American Stock Exchange will provide our shareholders
with a more efficient trading market, and thus provide
us with enhanced shareholder value," said T. Murray Wilson,
the Company's Executive Chairman.

"We are pleased to welcome CanWest Petroleum Corp.
to the American Stock Exchange," said John McGonegal,
Senior Vice President of the Amex Equities Group.
"Many energy companies have chosen the Amex as their home,
and we are confident we can offer CanWest Petroleum
the value-added services that a growing company needs
to succeed in today's competitive market."



To recognize its listing on Amex, the Company has been
invited to participate in the traditional opening bell
ringing ceremony at the exchange on Tuesday morning,
August 29, 2006.
T. Murray Wilson and Christopher H. Hopkins, President
and Chief Executive Officer and other officials of
the Company plan to be in New York to participate
in the ceremony.

The Company also announces that it intends to launch its
updated web site on Tuesday, August 29, 2006 -

(www.canwestpetroleum.com).

CanWest Petroleum 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.

Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: ---- discussed in CanWest Petroleum
Corporation's various filings with the Securities and Exchange
Commission.

Cusip# 138 748 108

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