NWE New West Energy Services Inc

New West Energy Services Inc. (TSX VENTURE :NWE) (the "Corporation") is pleased
to announce the financial results for the Corporation for its fiscal year ended
April 30, 2012.


Revenue for the twelve month period from continuing operations totaled
$15,348,359. Net income for the twelve month period from continuing operations
totaled $1,224,024. The comparative numbers for the continuing operations for
the fiscal year ended April 30, 2011 were $10,366,843 and $609,726 respectively.




Highlights:                                                                 

1.  Revenues and profits from continuing operations grew 48% and 101%
    respectively. 
2.  The Corporation sold its drilling fluids business and used a portion of
    the proceeds to acquire the assets of Porterco Welding Ltd. 
3.  The Corporation opens a new subsidiary, Porterco Oilfield Services Inc.,
    operating out of Slave Lake, Alberta and headed by Mr. Cory Porter. 
4.  Net income and comprehensive income (including sale of subsidiary) for
    the year totaled $4,269,080. 
5.  In the past year, the Corporation sold its New West Drilling Fluids Inc.
    subsidiary and has aggressively grown its BearStone Environmental
    Solutions Inc. subsidiary. BearStone provides environmental services and
    operates a fleet of specialized vacuum and water trucks to the upstream
    oil and gas industry throughout Western Canada. BearStone started
    operations in June of 2010 with the purchase of several vacuum and water
    trucks and other assets which included taking over several active
    contracts and the hiring of key management and field personnel.
    BearStone has a solid customer base of over 50 clients made up of
    various oil and gas companies. 



The Corporation has, this month, acquired a new but complementary business
called Porterco Oilfield Services Inc. which provides drilling waste solids
hauling, excavating, equipment rentals and fabricating. For its year ended April
30, 2012, it had revenues of approximately $2.5 million and EBITDA of
approximately $530,000. Its base in Slave Lake, Alberta opens up new
opportunities for the Corporation in one of the most active heavy oil areas of
the province and allows the Corporation to offer complete drilling waste fluids
and solids hauling and disposal in the area.


The Corporation's financial statements and its Management Discussion and
Analysis can be found on www.sedar.com.


About New West Energy Services Inc.

The Corporation operates in the oilfield service industry in Canada through its
wholly owned subsidiary BearStone Environmental Solutions Inc. BearStone
provides environmental services to the upstream oil and gas industry and
operates a fleet of specialized vacuum and water trucks. On completion of the
acquisition of the assets of Porterco Ltd., the Corporation will also offer
additional hauling services as well as excavating equipment rentals and
fabrication services.

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