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

Group 1 - East West Petroleum Corp. is in the process of completing a capital reduction and special distribution, with further updates to be provided once completed [1] - The company has announced a proposed name change to "East West Minerals Ltd." and a share consolidation on a ten-for-one basis, which will be implemented after the special distribution is completed [2] Group 2 - The TSX Venture Exchange has approved the name change and share consolidation, but these actions are contingent upon the completion of the special distribution [2]