VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/29/12 -- ComWest Enterprise Corp. (TSX VENTURE: CWP)(TSX VENTURE: CWP.A) (the "Company") is pleased to announce that the board of directors of the Company has declared a cash dividend of $0.02 per share, payable to shareholders of record on June 8, 2012. The dividend will be paid on or about June 15, 2012. Both holders of Class A Restricted Equity Shares and Class B Common Shares will be entitled to the dividend. All dividends declared by the Company are designated as eligible dividends.

ON BEHALF OF THE BOARD

Douglas F. Good, President

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