Prairie West Oil and Gas provides drilling update on Twinning Project

Surface casing set, 300m drilled so far

CALGARY, Alberta Canada/July 18th, 2012 -- Prairie West Oil & Gas Ltd is today pleased to provide an update on the company's ongoing drilling program near Twinning, Alberta Canada. As of Monday July 16 2012, 300m have been drilled so far and the surface casing has been set. Additionally, Prairie West has met the company's drilling deadline by spudding the well at 10:00pm (mst) on July 13, 2012.

Vice President Anthony Sarvucci: "Other than the rains we have experienced in the past couple days the drilling process has been going very well. The lease is constructed, the well is spudded, the surface casing has been set and so far we have drilled to an approximate depth of 300m. The rain along with the accompanying mud has definitely slowed the process down but the crew is standing by and making preparations with the goal of hitting the ground running as soon as ground is dry and it is safe to continue.

At this time Prairie West would like to invite its current shareholders and the general public to follow the progress by visiting www.prairiewestonline.com where on the main page you will find a timeline that contains pictures from the previous day's activities at the Twinning site.

About Prairie West Ltd.:

Prairie West Oil & Gas is a producing energy company with both established production and assets ithin the center of Canada's highest reserve epicenters; the oil boom provinces of Alberta and now Saskatchewan. Prairie West operates under the notion that now is the time to take advantage of favorability priced acquisitions and joint ventures while constantly striving to reduce the cost of doing business. The goal is to build for the future while remaining focused on the short term profitability that rewards early shareholders.

The experienced team at Prairie West has the expertise and proven execution required for success in today's rapidly changing energy sector. This has been clearly demonstrated with the Maidstone acquisition, the more recent eleven well expansion located in close proximity to current production and a 27 well producing gas play in Saskatchewan Canada.

Prairie West's primary long-term development project is strategically placed within the highly productive Twining area which is surrounded by major multi-national energy giants such as EnCana, Suncor and Devon Energy. This project is immediately adjacent to the enormous Twining Rundle/Mannville Pool with original oil in place of 1.013 billion barrels equivalent. All indications are that Prairie West will begin drilling its much anticipated Twinning project by July 13th 2012.