East West Petroleum Announces Payment Date of Previously Announced Cash Distribution to Shareholders Page 1

Vancouver, British Columbia–(Newsfile Corp. – September 3, 2024) – East West Petroleum Corp. (TSXV: EW) (“East West” or the “Company”) is pleased to announce, further to its press releases dated August 16, 2024 and August 29, 2024, that the special distribution to holders of common shares of the Company (“Shareholders“) through a capital return of $0.03 per common share of the Company, representing a total distribution of $2,714,569.95 (the “distribution“), will be paid by the Company’s paying agent, Computershare Investor Services Inc. (the “Paying office“), on September 12, 2024.

Each shareholder of record on September 5, 2024 (the “Deadline“) will receive a check from the paying agent for their share of the distribution. Beneficiary shareholders can expect payment through their intermediaries, each of which has its own payment procedures.