East West Petroleum Provides Further Update on Special Distribution, Name Change and Consolidation

Vancouver, British Columbia--(Newsfile Corp. - October 2, 2025) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to advise that the capital reduction and special distribution discussed in the Company's news releases of September 11, 2025 and September 22, 2025 (the "Special Distribution") have now been completed.

Further to its news releases of September 17, 2025 and September 22, 2025 relating to the proposed name change from "East West Petroleum Corp." to "East West Minerals Ltd." (the "Name Change") and consolidation of its common shares on a ten (10) for one (1) basis (the "Share Consolidation"), the Company also wishes to advise that it will now be moving forward with the Name Change and Consolidation and expects that those will be implemented on or about October 6, 2025.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

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