Tristone Capital Inc. has been retained to seek proposals for Interwest Enterprises Limited's assets in Manitoba's Sinclair Field. Along with Interwest's working interest, is an additional 4% offered for sale by Anna Resources Ltd (3%) and Badger Creek Resources Ltd. (1%).

• Concentrated non-operated land position at Sinclair in southwest Manitoba
• Current Interwest production is 915 boe/d of light Mississippian Bakken and Devonian Three Forks oil (40°API) with netbacks of $75/bbl in Q1 of 2008
• Interwest's average working interest is 41%, with additional working interests offered by Anna Resources Ltd. (3%) and Badger Creek Resources Ltd.(1%)
• This Bakken/Three Forks pool is part of the larger Bakken trend seen in Southeast Saskatchewan and Northern North Dakota
• Depth to target averages 1,000 m
• Waterflood pilot underway - positive response has been seen
• The original Sinclair Unit No. 1 (waterflood pilot) area has been expanded and unitization discussions are underway
• Upside exists in further pool delineation and waterflood of the Bakken and the development of bypassed Lodgepole in existing wellbores

Data Rooms open April 24, 2008

Bids due May 22, 2008