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Market Harmonics Issues Research Report on Ameriwest Energy Corp.

Posted on: Thursday, 5 June 2008, 09:01 CDT

Ameriwest Energy Corp. (OTCBB: AWEC) ("Ameriwest" or the "Company") announced today that independent researcher Tony Carrion, founder of Market Harmonics, has issued a Research Report (the "Market Harmonics Report") regarding the Company. The Market Harmonics Report positions Ameriwest's oil-producing interests, exploration projects, technical expertise and financial outlook with a favorable rating. Interested parties may download the Market Harmonics Report at www.market-harmonics.com/reports/AWEC-MHReport(0508).pdf.

An excerpt from the report states, "Ameriwest's target prospects, in our opinion, have been well chosen for what the company seeks to accomplish, and offer potential for the company to create value for its investors. Along with the recent purchase of the Skull Valley prospect, we consider Ameriwest's announced assumption of operations at the South Glenrock 'C' oilfield as a key development and an important step forward in this direction. It formally shifts Ameriwest into the role of producer, and will allow the company to begin generating cash flow from operations."

Market Harmonics is an independent research firm and has received fees for services, including this report/release, paid by Dunstone Incorporated. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice.

About Market Harmonics (www.market-harmonics.com/)

Since 2000, Market Harmonics has been dedicated to giving investors an edge through an understanding of what truly drives markets. Company research has been featured in Business Week online's Stock Trader newsletter, and is followed by money managers and analysts worldwide. Founder Tony Carrion studied economics at Columbia University, and has directed his research activities in the area of behavioral finance and alternative investments. His numerous proprietary technical indicators are accessed each day by users worldwide. In 2005, he created the Unweighted Major Currency Average (UMCA) as a tool in forecasting U.S. dollar movements against the world's major currencies. Tony has served as a guest panelist at the Arch Investment and Triple Gold conferences, providing his forecasts on the markets.

About Ameriwest Energy Corp. (OTCBB: AWEC)

Ameriwest Energy Corp. is a growing, expertly managed energy company focused on producing underdeveloped oil resources in the prolific Rocky Mountain region of the United States. The company is striking a strategic balance between low-risk tertiary recovery projects and extensively mapped exploration plays with significant upside potential. Visit our website at www.ameriwestenergy.com.

Notice Regarding Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding development and exploration activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Ameriwest to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Ameriwest Energy Corp., or any affiliates, has little or no control. Risks, uncertainties and other factors are discussed in documents filed from time to time by Ameriwest with the Securities and Exchange Commission. There is no assurance that Ameriwest's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements. Information concerning oil reserve estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

 Contact: Investor Relations Great Northwest Investor Relations, Inc. 1-888-697-4712 www.ameriwestenergy.com

SOURCE: Ameriwest Energy Corp.

Source: MARKET WIRE

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